STACK 02 — ∮

PRE-IPO LIQUIDITY, EXECUTION
& SETTLEMENT

Constrained secondary movement and deterministic settlement for eligible private-market assets — across every chain, every venue.

Envelope-boundCross-chain settlementDeterministic DvP

HOW IT WORKS

01

Fragment

Tokenized assets are automatically fragmented across multiple liquidity venues, maximizing depth and minimizing slippage.

02

Match

The matching engine aggregates order flow from institutional and retail participants, finding optimal counterparties in real time.

03

Settle

Atomic settlement ensures both sides of every trade resolve on-chain with finality — no clearing delays, no counterparty risk.

VENUE TYPES

BILATERAL

Bilateral Settlement

Atomic DvP between known counterparties. Seller and buyer negotiate offchain, settlement executes onchain with eligibility enforcement.

RFQ

Request for Quote

Controlled price discovery within envelope-approved participant cohorts. No public order book, no retail surface.

BATCH

Batch Auction

Time-window clearing for structured secondaries. Deterministic clearing rules with eligibility-bound participants.

POOL

Institutional Liquidity Pool

Eligibility-gated institutional pricing. Whitelisted participants, envelope compliance, deterministic pricing logic. No liquidity mining.

LIQUIDITY ENGINE

Deep markets. Instant settlement. Zero counterparty risk.

Every order is routed algorithmically across connected venues to achieve best execution. Settlement is atomic and on-chain — no clearing house, no T+2 delays, no intermediary risk.

SETTLEMENT LOG● OPERATIONAL
Settlements
41
Total Notional
$4.8M
Avg Finality
< 4s
IDASSETMODULENOTIONALSTATUS
STL-0041EET-APEXBilateral DvP$125,000SETTLED
STL-0040EET-NOVARFQ$340,000SETTLED
STL-0039SPV-01Bilateral DvP$50,000SETTLED
STL-0038EET-APEXBilateral DvP$210,000PENDING
EET-APEXSETTLED
STL-0041$125,000Bilateral DvP
EET-NOVASETTLED
STL-0040$340,000RFQ
SPV-01SETTLED
STL-0039$50,000Bilateral DvP
EET-APEXPENDING
STL-0038$210,000Bilateral DvP
EligibilityJurisdictionTime windowAsset state
Simulated settlement data — live feeds connected post-launch.

THE BACKBONE

ΣZERO-KNOWLEDGE VERIFICATION

Compliance is verified, not asserted. Every boundary is a proof, not a promise. Eligibility and transfer restrictions are enforced at the proof level — auditable, composable, and independent of any single gating party.

λAGENTIC INTELLIGENCE

Agents operate within policy-enforced boundaries — claiming distributions, routing settlements, and coordinating workflows. Intelligence is constrained by structure, not by trust.

CAPABILITIES

ELIGIBILITY-GATED LIQUIDITY

Institutional-Grade Depth

Envelope-controlled participant cohorts and deterministic pricing logic provide the depth required for large block trades — no public order book, no retail surface.

SMART ROUTING

Optimal Execution Paths

Algorithmic order routing splits and sequences trades across venues to achieve best execution, verified and auditable on-chain.

CROSS-CHAIN

Multi-Network Rails

Seamlessly route liquidity across Ethereum, Arbitrum, Base, and connected L2s. One interface, one pool — bridging handled under the hood.

PRICE DISCOVERY

Real-Time Oracles

Continuous price feeds and on-chain oracle integration ensure fair, transparent pricing that reflects true market conditions.

PRE-IPO LIQUIDITY, EXECUTION& SETTLEMENT