Research & white papers
White papers from the ACM team
Technical and strategic papers on the platform, core banking, payments and stablecoins, tokenization, FX, and our post-quantum security foundation. Related research lives across the Hanzo and Lux ecosystems.
Flagship technical papers
Architecture and security papers from the ACM team, each grounded in peer-reviewed cryptography. Download the full PDF for your technical review.
Post-Quantum Digital Securities
Running tokenized securities on post-quantum rails: ML-KEM, ML-DSA, and SLH-DSA precompiles, ERC-1400 tokens, and hybrid crypto-agile migration. Download PDF →
Non-Custodial MPC Custody for a Regulated ATS
2-of-3 threshold signing (CGGMP21 + FROST) so a regulated venue never holds investor keys, with T+0 settlement on a compliant ATS. Download PDF →
Compliant Privacy via Threshold FHE
Operator-blind computation with regulator forced-decryption: threshold TFHE plus privacy pools for compliant transaction privacy. Download PDF →
End-to-End Post-Quantum Security
Securing every hop from the API gateway to key management against harvest-now, decrypt-later, with hybrid ML-KEM/ML-DSA in transit and a post-quantum-hardened KMS at rest. Download PDF →
Post-Quantum Identity & Access
Multi-tenant, white-label IAM with ML-DSA-signed federation tokens, so identity, access, and audit survive the quantum transition. Download PDF →
Perspectives & theses
Point-of-view papers on where regulated money is going, grounded in public economics and peer-reviewed cryptography. Download the full PDF.
Five Years to Quantum-Safe
Meeting the 2030/2031 U.S. federal post-quantum mandate: the new executive order, the falling qubit estimates behind it, the CBOM requirement, and how ACM's NIST-precompile stack meets the deadline today. Download PDF →
Post-Quantum Stablecoins
Regulated, reserve-attested digital cash on a quantum-resistant ledger: ML-DSA-signed issuance, FHE proof-of-reserves with regulator forced-decryption, MPC reserve custody, and T+0 redemption, mapped to the GENIUS Act and MiCA. Download PDF →
The End of Float
Settlement latency, money velocity, and the economics of programmable cash: when settlement approaches zero latency, float disappears and velocity becomes a design parameter. A vendor-neutral thesis. Download PDF →
Quantum Risk on the Balance Sheet
Harvest-now, decrypt-later priced as a duration mismatch: why the quantum threat to long-dated instruments is a balance-sheet item, not an IT line item, with a simple expected-loss model and a migration-sequencing playbook. Download PDF →
Tokenized Deposits, Stablecoins & CBDCs
A settlement-and-custody taxonomy for regulated institutions: how the three forms of digital money differ across issuer, backing, finality, custody, redemption, and privacy, with a decision guide. Download PDF →
By topic
Banking Core
White paper. Read the paper.
Mobile Wallet
White paper. Read the paper.
Exchange & FX
White paper. Read the paper.
RWA Tokenization
White paper. Read the paper.
Payments & Stablecoins
White paper. Read the paper.
Cards & Issuing
White paper. Read the paper.
Treasury & Liquidity
White paper. Read the paper.
White-Label PSP
White paper. Read the paper.
Banking-as-a-Service
White paper. Read the paper.
Post-Quantum Banking
White paper. Read the paper.
Across the ecosystem
ACM cross-links foundational research from its ecosystem partners. Explore Hanzo research and Lux Network.
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