Phase 4
Agent Execution
PlannedSoftware that trades this market needs a layer that understands it.
An agent holding tokenized equities has to handle things a human would notice and work around. A balance that changed overnight. A price that looks wrong because the pool behind it holds two hundred dollars. A corporate action mid-flight.
Phase 0 already answers those questions as data. Phase 4 turns the answers into execution: route to the deepest venue, rebalance around a corporate action, stand down while a token is mid-adjustment, and settle machine-to-machine.
The read layer is deliberately free and open. Positioning is the point: if agents learn this market through TAPE, they execute through it too.
How it pays for itself
A per-transaction fee on agent-routed execution.