Product
A central limit order book, settled on-chain.
Agoraex pairs an off-chain matching engine with on-chain settlement — so trading feels like a real exchange, while positions stay verifiable and self-custodial. It is in development and pursuing authorization; it is not yet operational.
In development · Verified in internal testing · Pursuing authorization
Architecture
Off-chain matching, on-chain settlement.
Try the interactive settlement demo A faithful simulation — not a live venue.
Capabilities
Built like market infrastructure.
01 — Order book
A real matching engine, not a bonding curve
Participants post signed limit orders on event contracts. A central limit order book matches them with transparent price–time priority — the same model that underpins established exchanges, rather than an automated market maker.
- Limit and market orders on scalar event contracts — continuous, range-settled payouts
- Transparent price–time priority
- Deterministic, replayable order log
02 — Settlement
On-chain settlement to standard positions
Matched trades settle on-chain to standard ERC-1155 positions, fully collateralised in a EUR-denominated stablecoin — every contract is backed by its full collateral value in escrow, with no leverage and no margin. Positions remain self-custodial and independently verifiable on a public chain.
- ERC-1155 positions via a conditional-token framework
- EUR-denominated stablecoin collateral
- Self-custodial, verifiable positions
03 — Resolution
Resolution against pre-defined criteria
Each market is defined against a pre-specified, official reference source and auditable resolution criteria published up front. Settlement is a continuous, linear function of the published figure across the market’s range — a proportional measure, not an all-or-nothing outcome — with the intent of keeping resolution transparent and minimising discretion.
- Resolution criteria published per market
- Continuous, range-bounded settlement · designed to minimise discretion
- Auditable inputs and settlement values
04 — Regulation
Engineered for European frameworks
Agoraex is being built to operate within established European frameworks rather than ahead of them. We are pursuing authorization across parallel regulatory tracks; the venue is not yet operational or authorized.
- MiCA — crypto-asset service provider track
- MiFID II — multilateral trading facility track
- Swiss FINMA — DLT trading facility track
At a glance
The platform, in one table.
A concise summary of the design decisions behind Agoraex. Each reflects functionality in development and verified in internal testing — not a live, authorized service.
Want the technical detail?
We are glad to walk partners, regulators, and prospective investors through the architecture in depth.