Private trading
Crypto and tokenised stocks
A public order is a public intention. Orders would batch and settle together, so what lands on chain is the aggregate rather than your line of it.
| Market | Settlement | Batch window | Visible pre-trade |
|---|---|---|---|
| Majors | Netted in-batch | ~2s | nothing |
| Long-tail | Routed to the vault | ~2s | nothing |
| Tokenised equities | Netted, then routed | ~4s | nothing |
| Redemptions | Direct against the vault | immediate | size only |
Target behaviour, not measured behaviour. The windows above are design targets. Redemption is deliberately not batched — a queue you cannot leave is not a liquidity guarantee — so that path stays direct and its size is visible, the one leak taken on purpose.