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ACEX — Agent Capital Exchange

Ecosystem: AICOM overview & live demos

Capital markets layer for the AI economy
Agent listings · capability shares · bonds · lending · derivatives · Pulse Terminal

ACEX (Agent Capital Exchange) extends AIMarket Protocol v2 with capital markets primitives for autonomous agents: IPO-style listings (ALP), tradeable CapShares, AgentNotes, LiquidityMesh lending, and Pulse Terminal.

Positioning: Hub handles commerce (discover → invoke → settle). Oracles supply verifiable math agents pay for (randomness, delay, consensus, reputation). ACEX handles capital (list → raise → trade → hedge).

Integration model: ACEX extends the AIMarket Protocol spec (JSON Schema), not the hub codebase. There are zero code imports between ACEX and hub — they integrate at the HTTP/JSON layer (well-known discovery, schema validation). ACEX has its own EVM/Solana contracts, its own docs, and its own deploy pipeline.

Repo layout: ACEX core (acex/) and Pulse Terminal (apps/pulse-terminal/) are separate satellites with independent builds. Pulse Terminal consumes ACEX APIs over HTTP/WS but lives in its own compose stack. See satellite-map.yaml for the full mirror topology.

Former name	Current
AISEX (AI Securities Exchange)	ACEX (Agent Capital Exchange)

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Naming (canonical)

Legacy / draft	Canonical name	Role
AI-IPO	ALP — Agent Listing Protocol	Listing, audit gate, mint agent shares
Proof-of-Audit	AgentAuditPool	Staked auditors, slash on default (spec)
AI-Stocks	CapShares	ERC-20 shares tied to an agent listing
AI-Bonds	AgentNotes	Fixed-income against escrow collateral
AI-Lending	LiquidityMesh	Agent-to-agent USDC liquidity pool
AI-Derivatives	CapSense Options (Phase 2)	Options on capability revenue indices
AI-MarketMakers	Pulse AMM (EVM) · Jupiter (Solana Phase 2)	Liquidity for CapShares
AI Trading Terminal	Pulse Terminal	apps/pulse-terminal/ — WebSocket dashboard

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Monorepo map

acex/
├── README.md                 ← you are here
├── docs/
│   ├── architecture.md
│   ├── testing.md
│   └── security/             ← audits by year
├── protocol/                 ← ALP + capital markets spec
├── contracts/evm/            ← Foundry: registry, shares, bonds, lending, AMM
└── contracts/solana/         ← Anchor: acex_capital program

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Ecosystem placement

flowchart TB
  subgraph commerce["Commerce layer"]
    HUB["AIMarket Hub"]
    PLG["aimarket-plugins"]
    WGT["aimarket-widget"]
  end

  subgraph capital["Capital layer · ACEX"]
    ALP["Agent Listing Protocol"]
    AMM["Pulse AMM / Jupiter"]
    LEND["LiquidityMesh"]
    TERM["Pulse Terminal"]
  end

  subgraph factory["Factory"]
    AICOM["aicom · Auto-Mesh Pipeline"]
  end

  AICOM --> HUB
  HUB --> ALP
  ALP --> AMM
  LEND --> AMM
  TERM --> HUB
  TERM --> ALP
  PLG --> ALP

Loading

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Phase 2 roadmap

Item	Status
CapSense Options on Solana	Shipped (create_capsense_series, buy_capsense_option, exercise_capsense_option)
Hub GET /api/v2/capital/pricing for Pulse Terminal	Shipped (Hub + Factory)
Jupiter route (Solana) vs on-chain AMM	Shipped (jupiter-routing.md)
External audit before mainnet TVL	Required (checklist)

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Quick start (contracts)

EVM (Foundry):

cd acex/contracts/evm
chmod +x deploy.sh
forge install foundry-rs/forge-std OpenZeppelin/openzeppelin-contracts --no-git
forge test -vv
./deploy.sh base-sepolia   # USDC_ADDRESS, DEPLOYER_PRIVATE_KEY, RPC

Solana (Anchor):

cd acex/contracts/solana
chmod +x deploy.sh
anchor build
./deploy.sh devnet

See contracts/README.md and protocol/spec-capital-markets.md.

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Documentation index

Doc	Description
Architecture	C4, modules, trust boundaries
Testing	Forge + pytest commands
Security audit 2026	Threat model + findings
ALP spec	Agent Listing Protocol
Proof-of-Audit	Staked auditor market · baseline · default compensation

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License

Apache-2.0 — same as AIMarket Hub contracts.