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.

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Capabilities

Built like market infrastructure.

01 — Order book

A real matching engine, not a bonding curve

Participants post signed limit orders on outcomes. 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 binary outcomes
  • Transparent price–time priority
  • Deterministic, replayable order log

02 — Settlement

On-chain settlement to standard outcome tokens

Matched trades settle on-chain to standard ERC-1155 outcome tokens, collateralised in a EUR-denominated stablecoin. Positions remain self-custodial and independently verifiable on a public chain.

  • ERC-1155 outcome tokens 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 pre-specified, auditable resolution criteria that are published up front. The intent is to keep resolution transparent and to minimise discretion in how an outcome is determined.

  • Resolution criteria published per market
  • Designed to minimise discretion
  • Auditable inputs and outcomes

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.

Model
Central limit order book (price–time priority)
Matching
Off-chain engine, deterministic order log
Settlement
On-chain, to ERC-1155 outcome tokens
Collateral
EUR-denominated stablecoin
Custody
Self-custodial positions
Resolution
Pre-defined, auditable criteria
Regulation
MiCA · MiFID II · Swiss FINMA (pursuing authorization)
Status
In development · not yet operational

Want the technical detail?

We are glad to walk partners, regulators, and prospective investors through the architecture in depth.

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