6. On-Chain Mechanics

Parax’s on-chain infrastructure is designed to securely represent and manage physical assets through a combination of standardized token protocols and bespoke smart contract architectures. The system prioritizes interoperability, extensibility, and on-chain transparency while preserving the real-world asset’s linkage to its digital counterpart. This section details the core components of Parax’s tokenization protocol and their interaction within the decentralized ecosystem.