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Research

We study how autonomous agents, on-chain coordination, and decentralized systems compose into the next generation of the internet.

May 4, 202611 min read
Tokenized equities and the on-chain capital markets stack: a market analysis
Equities are migrating on-chain. We map the issuer landscape, liquidity venues, settlement assumptions, and the structural gaps that decide which tokenized stock standards survive contact with real volume.
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