Skip to content
Industry report

Agentic
Finance.

Capital that works around the clock. AI agents deciding and acting inside mandates written by people, on blockchain rails that settle in seconds.

Report available 29 September Get the MD file
This report includes the information you do not want to miss in the new age of AI.
Cover of the Agentic Finance industry report

AI and blockchain have become one system.

Artificial intelligence, blockchain settlement and tokenised assets were three separate stories. They are now one system, and software can hold, allocate and move capital without waiting for a person. Accountability stays where it was. The point of enforcement moves from review after the fact to a boundary set before the agent acts: the mandate, the identity it carries and the rails it may use.

From the report

Agentic Finance: capital managed continuously rather than periodically, by software acting inside mandates that people write and can withdraw, on rails that settle at machine speed.

Before the machine acts, five things must be true.

  1. The asset is held by a regulated institution.

  2. The rail settles finally and cheaply.

  3. The reasoning runs where the institution can see it.

  4. The decision is attributable to the agent that made it.

  5. The agent is identifiable as acting for a legal entity.

Each part of the boundary now has an owner.

  • Verifiable identity
    The vLEI
    Standards live · accreditation in progress
  • Orchestration
    Many agents, one decision a committee can examine
    APEX:E3 · ALICE
    In production
  • Sovereign inference
    EU jurisdiction, zero retention, open-weight models
    In production
  • Execution and settlement
    Stablecoins, x402, payment channels
    In production
  • Regulated foundation
    Custody, fiat rails, balance sheet
    In production
Read bottom to top · the outlined layer is not yet in production

What the evidence shows.

~176m

On-chain agent transactions in the twelve months to April 2026, worth about $73 million, most between one and ten cents.

The count supports the argument; the dollar volume does not yet. Keyrock via Hashed Emergent

15–25%

Of US e-commerce handled by AI agents by 2030.

Forecast. Bain & Company

$4.8tn+

Addressable capital over five years.

Modelled by APEX:E3, not measured

~200 bps

A year from continuous intraday allocation on a $500 million treasury.

Modelled by APEX:E3, not measured

Weeks to deploy, months to govern.

Start with idle cash, where the mandate fits on a page.

Seven chapters, two guest contributions.

  1. Foreword
    Build it so that you can answer for it
    Tim Grant
  2. 01
    Executive Summary
    Marcus Maute
  3. 02
    What Is Agentic Finance?
    Marcus Maute
  4. 03
    The Regulated Banking Foundation
    AMINA Bank
  5. 04
    Why Solana Is the Execution Layer
    Solana Foundation
  6. 05
    Sovereign AI Infrastructure
    TensorX
  7. 06
    ALICE: The Orchestration Layer
    APEX:E3
  8. Guest
    Verifiable Identity, the Trust Layer
    Cardano Foundation × GLEIF
  9. Guest
    The Attack That Never Breaks a Rule
    Blindsight
  10. 07
    Conclusions & Recommendations
    Marcus Maute

Co-authors

Sovereign AI infrastructure for regulated industries.

FINMA-regulated Swiss bank for digital assets.

The public ledger for agent-scale settlement.

Enterprise AI infrastructure for capital markets, operator of ALICE.

Guest contributions

Cardano FoundationGLEIF

Verifiable organisational identity for autonomous agents.

Blindsight

Runtime protection for AI agents against prompt injection and data poisoning.

Marcus Maute
Lead author
Marcus Maute
TensorX Swiss Representative
marcusmaute.com
Tim Grant
Foreword
Tim Grant
Executive Chairman, TensorX

The window is open.

Autonomy inside a mandate is a control environment, and every part of it now has an owner.

Report available 29 September Free download from 29 September, no email required

How to cite

Maute, M. (ed.), with TensorX, AMINA Bank, Solana Foundation and APEX:E3; guest contributions by Cardano Foundation × GLEIF and Blindsight (2026). Agentic Finance: How Autonomous AI Agents Are Reconfiguring the Management, Movement and Settlement of Institutional Capital. Industry report, edition 1.0.

Full disclaimer

Disclaimer: research and educational content

This document has been prepared and co-published by AMINA Bank AG (“AMINA”), the Solana Foundation, TensorX and APEX:E3 together as named co-authors of this report (together, the “Co-Authors”). AMINA is a Swiss licensed bank and securities dealer with its head office and legal domicile in Switzerland. It is authorised and regulated by the Swiss Financial Market Supervisory Authority (“FINMA”). The report also includes guest contributions by the Cardano Foundation together with the Global Legal Entity Identifier Foundation (“GLEIF”) and by Blindsight Technologies AG (together, the “Guest Contributors”). The Guest Contributors are not Co-Authors. Each Guest Contributor is responsible for its own contribution, and the views expressed in a guest contribution are those of its authors.

This document is published solely for informational, research and educational purposes. It is not an advertisement, solicitation, offer, invitation, recommendation or inducement to buy or sell any financial instrument, digital asset, token, security or other investment, or to participate in any particular investment strategy, transaction, product or service. Nothing in this document constitutes investment advice, financial advice, legal advice, tax advice or any other form of professional advice.

This document may be made available by the Co-Authors, including as a freely downloadable PDF, through their respective websites, blogs, newsletters, social media accounts and other official communication channels, in each case subject to applicable law and regulation. Recipients may download, read and share this document for informational and non-commercial purposes, provided that the document is not modified, the Co-Authors are appropriately identified, and this disclaimer remains included in full. No part of this document may be altered, misrepresented, sold, incorporated into a commercial product, or used in a misleading context without the prior written consent of the relevant Co-Authors.

This document is not directed to, and is not intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation, or would subject any Co-Author to any registration, licensing or other regulatory requirement in that jurisdiction. Recipients are responsible for informing themselves about and observing any applicable legal or regulatory restrictions.

The information contained in this document is based on sources considered by the Co-Authors to be reliable at the time of publication, including publicly available information and information provided or reviewed by one or more of the Co-Authors or Guest Contributors. However, no representation or warranty, express or implied, is made as to the accuracy, completeness, reliability, timeliness or fitness for any particular purpose of the information contained in this document. The information is not intended to be a complete statement or summary of the matters discussed.

The Co-Authors do not undertake any obligation to update, amend or keep current the information contained in this document, whether as a result of new information, future events, changes in market conditions, regulatory developments or otherwise. Statements in this document are made as of the date of publication unless otherwise indicated.

Any statements, estimates, projections, opinions, assumptions, scenarios or forward-looking statements contained in this document are for informational and illustrative purposes only. They are subject to change without notice and may not materialise. They should not be relied upon as predictions, guarantees or assurances of future performance, outcomes or results.

References in this document to particular protocols, networks, digital assets, tokens, financial instruments, products, services, companies or market participants are for explanatory purposes only. Such references do not constitute an endorsement, recommendation or assessment of suitability by any Co-Author. Any financial instruments, digital assets, tokens, products or services described or referred to in this document may not be available, suitable or lawful for all recipients or in all jurisdictions.

Nothing in this document constitutes a representation that any investment, strategy, product or service is suitable or appropriate for any recipient’s individual circumstances. Investments and digital assets involve risks, including the potential loss of capital, market volatility, liquidity risk, operational risk, technology risk, regulatory risk and counterparty risk. Recipients should make their own independent assessment and seek appropriate professional advice, including legal, tax, regulatory, accounting and financial advice, before making any decision based on or connected with the information in this document.

Any formulas, models, calculations, prices, yields, returns, examples or scenarios included in this document are provided solely for informational or explanatory purposes. They do not represent valuations for individual investments, executable prices, firm quotes, commitments, guarantees or assurances that any transaction can or could have been entered into on such terms. Different assumptions, methodologies or market conditions may produce materially different results.

In preparing this document, the Co-Authors may have used artificial intelligence-enabled tools to assist with research, summarisation, drafting or editing. Any such use was subject to human review. No AI-enabled tool should be understood to have provided legal, financial, investment, tax or regulatory advice.

To the maximum extent permitted by applicable law, the Co-Authors, the Guest Contributors and their respective affiliates, directors, officers, employees, representatives and agents disclaim all liability for any loss, damage, claim, cost or expense, whether direct, indirect, consequential or otherwise, arising from or in connection with the use of, reliance on, publication of, distribution of, or inability to use this document or any information contained in it.

Unless otherwise indicated, copyright and all other intellectual property rights in this document are owned by or licensed to the Co-Authors or, in the case of a guest contribution, the relevant Guest Contributor. All rights are reserved except as expressly set out in this disclaimer.

© 2026 AMINA Bank AG, Solana Foundation, TensorX and APEX:E3. Guest contributions © 2026 Cardano Foundation, GLEIF and Blindsight Technologies AG. All rights reserved.

Agent view

The full report, in Markdown.

Every chapter, guest contribution, source and the disclaimer, in reading order. <!-- p. NNN --> marks the printed page; [NN] refers to the numbered sources.

Coming 29 September

The full report in Markdown, every chapter, guest contribution, source and the disclaimer, will be published here and at /agentic-finance-report.md on 29 September 2026, when the report launches at CV Summit, Zurich.