SigmaX
Evidence-Gated Roadmap

Evidence-Gated Roadmap.

Ten phases, sequenced so no phase opens until its predecessor has landed. Every phase starts with capital exposure disabled and ends only after measurable evidence agrees the next phase is appropriate to open. The current platform foundations, governance and authority controls, and Capital Intelligence workflow are in place; the Stablecoin Basis Program, market access expansion, and benchmark validation expansion are advancing under active validation.

  1. Phase 01

    Platform Foundations

    Capital Intelligence platform spine, identity, governance, and audit-ready records.

    Landed
    • Capital Intelligence Platform with closed-enum operating workflow
    • Investment Committee process with three institutional seats
    • Investment Memo structure with Decision Record
    • AI Isolation, architecturally enforced and CI-tested
    • Authority controls preventing live capital authority on this surface
    • Audit-chained authorization records
  2. Phase 02

    Governance & Authority Controls

    Capital Governance Office model, risk envelopes, and decision-record discipline.

    Landed
    • Capital Governance Office model documented and surfaced
    • Risk envelopes with bounded notional, max loss, and hold windows
    • Decision Records across every authorization decision
    • Performance Attribution feeding sizing posture and cooldowns
    • Allocation Authorization separated from Investment Committee analysis
  3. Phase 03

    Capital Intelligence Workflow

    Observe → Review → Validate → Prioritize → Govern → Attribute, end-to-end.

    Landed
    • Continuous market-data observation across spot crypto and prediction markets
    • Investment Committee workflow with closed-enum decision verdicts
    • Investment Pipeline routing only qualified candidates forward
    • Allocation Priority Model assigning risk-adjusted priority
    • Performance Attribution closing the loop with documented outcomes
  4. Phase 04

    Stablecoin Basis Program

    First research program advancing under the institutional investment standard.

    Active validation
    • Stablecoin basis opportunities reviewed across access, cost, capacity, and benchmarks
    • Basis Benchmark Integration discipline landed: capacity analysis is not benchmark independence
    • Independent observation cohorts required to qualify a candidate
    • Deterministic single-batch run produces precise Review Exceptions, not fabricated qualification
  5. Phase 05

    Market Access & Implementation Analytics

    Expanding access-provider coverage and complete implementation cost evidence.

    Active validation
    • Access-provider registry expansion to reduce Market Access Unavailable blockers
    • Real implementation-cost source pluggability for network cost components
    • Capacity estimation hardened for institutional notional sizes
    • Decision-record fingerprints on every external-quote response
  6. Phase 06

    Benchmark Validation Expansion

    Independent benchmark observations from temporal sources.

    Active validation
    • Basis Opportunity Extractor wires peg-stability monitor evidence into the Basis Investment Review
    • Shadow performance outcomes contribute independent observations to benchmark validation
    • Cross-asset benchmark categories added once cohort populations exist
    • Benchmark Evidence Deficiency surfaced with structured next mandates
  7. Phase 07

    Regime & Performance Analytics

    Historical scenario analysis and forecast calibration.

    Queued
    • Regime alignment model evaluating current opportunities against historical scenarios
    • Forecast Calibration Register tracking predicted vs. realized outcomes
    • Confidence adjustment feeding the Allocation Priority Model
    • Composes with review; does not itself qualify a candidate
  8. Phase 08

    Alternative Data Office

    Narrative, on-chain flow, attention, and event-catalyst observation registers.

    Queued
    • Market Narrative Register, On-Chain Flow Register, Attention Register, Event Catalyst Register
    • Each register contributes scored observations under the same investment standard
    • Cannot itself qualify a candidate; weighted into priority only
    • Manipulation-risk scoring on every alternative data source
  9. Phase 09

    Paper Allocation Pilot

    Operator-locked: not available until a Shadow-Qualified opportunity exists.

    Gate-blocked
    • Requires at least one Shadow-Qualified opportunity to advance
    • Requires positive shadow performance attribution over the configured window
    • Requires capital-governance approval outside this surface
    • No paper allocation pilot is available today
  10. Phase 10

    Cross-Market Adapter Certification

    Equities, options, and multi-asset surfaces under the same investment standard.

    Future certification
    • Equities access-provider scoping and certification
    • Options access-provider scoping and certification
    • Multi-asset access-provider scoping and certification
    • Per-surface implementation cost models and benchmark categories
    • Read-only observation precedes any allocation readiness on a new surface
Discipline

No phase skip. No marketing slippage.

Phases are gated by evidence, not by calendar. An access provider does not jump certification stages, and a capability does not claim a posture without sustained, auditable evidence and explicit governance authorization. Paper Allocation Pilot is gate-blocked until a Shadow-Qualified opportunity exists; live capital authority is not granted by this surface at any phase.

The roadmap is the direction. The Current Status page describes the most recent reported state of each capability today.

Direction is clear. Evidence sets the pace.

Inquiries are reviewed individually. Selective Access by design.