Market Structure

Institutional Legibility Gap

The gap between real-world maturity and institutional expressibility.

Model lens

What this model is looking for

Markets often mature before institutions can name, approve, procure, or allocate to them.

Signal field

Where attention goes

  • new language in filings, policy, and procurement
  • category creation by consultants or regulators
  • budget lines replacing exploratory language

Use case

How it helps

  • identifying before-consensus categories
  • timing institutional adoption
  • translating frontier systems into approved language

Adjacent models

Connected systems

  • Interface Alpha
  • Narrative Heatmap
  • Procurement-to-Market Radar
  • W-Axis

Exchange layer

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Research commentary only. Nothing on this page is investment, legal, tax, or financial advice.