Everything we publish, in one place.

The Map We Never Had

Why a shared language of correctness may matter more than any single tool — and what the Blockchain Property Ontology is trying to build.

Between Intent and Execution

How the layer between a language model and the system that acts on its behalf determines whether agentic AI can be trusted with consequence.

The Unglamorous Rebuilding of Equity Markets, in Code

Why building tokenised-equity markets ends up looking like programmable traditional finance — order books, DvP settlement, and deterministic compliance.

The Plumbing Beneath the Machines

Why AI agents will require a new substrate beneath payments — and how machine-speed, programmable infrastructure reshapes the economics of automated commerce.

The Intelligence Economy Needs an Accounting Layer

As autonomous systems begin to transact, allocate capital, and incur obligations, the economy needs a settlement and accounting layer that machines can read and auditors can trust.

3 min read

Pricing Machine Decisions: Toward Markets for Autonomous Work

If agents are to allocate scarce resources efficiently, they need price signals built for machine-speed decisions. We examine what a market for autonomous work would require — and where today's mechanisms fall short.

2 min read

The Programmable CSD

A tokenized note on the programmable Central Securities Depository: how settlement, custody, and corporate-actions infrastructure changes when the depository layer itself becomes programmable — and what that implies for market structure, finality, and governance.

Institutional Tokenization in the Year Ahead: Scale in 2026 with 2025 Lessons

A perspective on where institutional tokenization is heading: what 2025 taught the market, and the conditions required to move from pilots to production scale in 2026 — across infrastructure, standards, and the institutions that must adopt them.

From AI-Generated Code to Provable Financial Infrastructure

How formal verification transforms AI-generated financial code into provable, trustworthy infrastructure — Tokenfrastructure's three-layer formal verification approach.