The opening research architecture is 65% persistent qualified exposure, 25% adaptive capital and 10% liquidity and defence.

The 65 / 25 / 10 split is a research baseline, not a promise of current invested weights. Persistent Qualified Exposure is not passive forever. It does not exit due to ordinary price volatility. It may remove exposures for fundamental disqualification. Adaptive Capital exists because the digital economy's opportunity set and dependency structure change. Liquidity & Defence exists because survivability requires redemption preparedness, rebalancing capacity and shock absorption — even in a paper system that currently holds £0 of real capital.