XON

XON is a mathematical approach to solving a fundamental global problem

The High Cost of Trust

In large and sensitive transactions, escrow and other similar services protect capital and assets, but they also require their owners to move vast amounts of it — collectively hundreds of billions globally — for days, weeks or months (and in some instances, years) at a time to the custody of third parties

On top of onerous fees, these third parties often keep some or all of the income/yield generated by the protected capital or asset during the ‘locked’ period, preventing this income from being used by their actual owners for other opportunities

The overall cost of safeguarding capital and assets through traditional means therefore is often magnified and compounded by this massive hidden ‘opportunity cost’

Add to this other systemic problems such as;

• Fragmented payment processes

• Slow and inconsistent compliance

• Opaque and multiple fee schedules

• Custody agent insolvency risks

• Outdated payment release mechanisms

• Removal of liquidity from the capital or asset owners’ direct balance sheet, weakening their financial position

…and you have a system that bleeds value, time and opportunity on a global scale. In summary, during this locked period:

►Income is lost

►Capital is displaced

►Costs become onerous

XON is a trustless, institutional-grade, global transaction security infrastructure

Its sophisticated non-custodial technical framework delivers enterprise-scale transaction security, strategic agility, deal velocity and real-time certainty, while keeping capital or assets (and the income they generate) exactly where they belong → with their actual owners

Non-Custodial Infrastructure

XON is a Technical Service Provider (TSP), delivering staged and programmable (automated) orchestration logic for complex, mission-critical capital and asset deployments for multiple counterparties, across multiple jurisdictions, currencies, financial securities and other high-value controllable assets worldwide

XON does this without ever taking custody or control of the capital or assets, holding signatory authority over related accounts or initiating or intermediating any payments or other financial transactions. It acts solely as a neutral facilitator of party-led execution

Mathematical Certainty: Logic Driven Security

XON operates on a basis of autonomous, systemic transparency and disintermediated work-flow, where security is rooted in the precision National Institute of Standards and Technology (NIST) standardised mathematical logic and Post-Quantum Cryptography (PQC), rather than on human action

Within this non-custodial architecture, secured capital and assets are encapsulated within a bankruptcy-remote legal structure, effectively insulating them from the insolvency of their legal owners

XON’s specialised AI engine, Nexus, orchestrates its proprietary security protocols and is built for complex, multi-party transactions. Nexus does not control or move value but ensures that when value needs to be moved by the relevant authorised parties, that this is carried out only through multiple unassailable Fast IDentity Online 2 (FIDO2) based authorisations from the parties. This verifiable and audited PQC-based security architecture ensures that no single party — including XON itself — has the unilateral means or the ability to move any XON Secured capital or assets

By replacing human action with automated and structural legal underpinnings and technical guardrails, XON provides a trustless framework of verifiable certainty that eliminates the systemic risks of human error, malfeasance and the unauthorised movement of secured value

Deal Velocity

XON accelerates deal velocity by reducing third-party bottlenecks and custodian lag that stalls or slows deals down. It provides the strategic agility to transform security from a defensive hurdle into a competitive advantage that helps to close deals faster

The bottom line: All of this ensures that value remains secured under the custody of their owners until the precise moment of deployment

Any Bank, Anywhere

XON delivers its solutions through a standard bank account that any bank in the world can provide to its business, corporate or retail customers. It is called the XON Secured Account

There is a fundamental tension between your money being ‘locked in someone else's bank account’ versus it being ‘locked in your own’

Traditional escrow demands the physical displacement of your capital or assets, forcing you to cede possession to a third party. This often results in a direct loss of control, a forfeiture of yield and the removal of the asset from your balance sheet/books

XON replaces this displacement by securing your capital or controllable assets within your existing banking or asset intermediary environment. This provides comparable safeguards and security outcomes to traditional corporate escrow — but without the erosion of your balance sheet strength, income/yield or exposure to custodian insolvency and operational bottlenecks

The Power of On-Balance Sheet Retention

Since your capital or assets remain in your own account under your own name, they remain as primary ‘On-Balance Sheet’ assets. While these assets are secured for a specified duration, they continue to support your total financial position and balance sheet strength

This is a critical distinction because unlike traditional escrow, which requires the removal of capital from your books, XON allows you to maintain the integrity of your financial profile, banking and transactional relationships. This is a vital factor for:

• Credit Ratings: Maintaining high total asset values on your own books

• Corporate Solvency: Improving debt-to-equity and other key financial ratios

• Banking and Financial Relationships: Leveraging the presence of your capital to enhance your institutional standing and secure optimised rates with existing providers

• Yield Retention: Ensuring that any income generated by the asset stays with their owners

In simple terms: XON enables you to maintain your financial dexterity and overall standing with credit and rating agencies who prioritise the composition and status of your total On-Balance Sheet values when assessing the strength of your liquidity

XON operates on a flat 1% per-annum, pro-rata service fee

This unlocks substantial financial benefits for you while costing you on average approximately the equivalent of 3 months of lost income/yield in a typical corporate escrow arrangement

There are no other fees (i.e. no set-up, upfront, recurring or any other fees) charged by XON* and for prolonged locked periods, the total fee can be capped after an agreed duration

*This excludes any external third-party fees and charges, such as bank transaction fees, currency conversion spreads, etc, that are outside of XON’s scope

XON’s speed, low-cost and flexibility has the potential to reshape the nature of multi-trillion capital and asset flows between nations, corporations and individuals → without ever moving the underlying funds or assets

XON doesn’t replace the legal, financial or other professionals who govern global trade and supply chain logistics, capital-intensive developments and infrastructure undertakings, high-value M&A transactions, etc — it provides them with a new, sophisticated and powerful tool

While they verify and execute deals, XON helps to the secure the related capital and assets where they are normally held — ensuring that the moment the deals are closed, payments and asset transfers can flow with real-time certainty and zero-custody risk

For the world’s largest and most sensitive transactions, XON isn’t just a much needed upgrade, it’s a strategic advantage → at scale

See below for a transaction example

TRANSACTION EXAMPLE

£10m over 90 days

ESCROW

Traditional corporate escrow typically costs around £5,000 in fees and your money is moved out of your bank account for the duration

Escrow services usually keep all (or in some cases, a large part) of the income/yield generated by your money (parked in their account) during this time

At an average 4% annual rate where yield is fully withheld by escrow, you lose roughly £100,000 in income over this 90-day period. Combined, your total economic cost (fees + opportunity cost) is around £105,000

XON

By contrast, XON keeps your money in your own account, so the full £100,000 of income continues to accrue to you

Its only charge is a 1% p.a. pro-rata fee for the 90-day period (£25,000 in this example)

Your net benefit from using XON is roughly £180,000 (an overall cost reduction for you of more than 76%) — with XON delivering similar functional escrow-equivalent security, without ever taking custody of your money and with no loss of certainty, speed or flexibility for you

Note 1: The ‘net benefit’ is the delta between the fees + opportunity cost of escrow versus the flat fee of XON. It's your total ‘financial turnaround’ — the total swing from a guaranteed loss in escrow to a substantial gain with XON. In this example:

• If you use escrow, you are minus £105,000 (A) in total

• If you use XON, you are plus £75,000 (B) after paying XON

• The delta (swing) between those two outcomes (B minus A) is £180,000

Note 2: Even if an escrow service agrees to pay 75% of the income to you, your total economic cost of £30,000 (£25,000 in lost income + £5,000 in fees) would still be more than that of XON

Furthermore, if an escrow service agreed to such a split (which is ordinarily unlikely unless you have a strong relationship with them), their base fees would likely be much higher than £5,000 to compensate for the loss of the split income. Moreover, all other problems with traditional escrow will remain the same

In contrast, you'll just pay a flat fee of £25,000 to XON, with none of the operational friction or loss of control associated with escrow

OUTCOME

This is the structural financial advantage

XON removes the drag, preserves the yield, cuts the cost and delivers similar (and in some instances, far better) security without ever taking custody of your money or assets

You (in this example) still earn £100,000 from the account while only paying XON £25,000. This means that you are effectively ‘getting paid’ £75,000 to use XON instead of escrow

For serious and sensitive transactions, the economic and competitive difference isn’t marginal → it’s transformative