AXM explains how transparency is maintained when assets remain under client control, including what can be verified directly on-chain, what is communicated through reporting, and how oversight functions without assuming custody.

This note outlines how AXM structures market participation when Islamic finance principles are non-negotiable, shaping what is included or excluded and how execution, liquidity, and exposure are approached in practice.

AXM examines how risk forms in decentralized systems beyond price movement, including liquidity conditions, protocol mechanics, and participant behavior, and how these factors are assessed when operating strategies on-chain.