The substrate is forming on two fronts. Machine-native financial rails, tokenized at their core, are largely built; the phase ahead is accelerating institutional adoption and integration. In parallel, a massive compute buildout and the multiplication of AI models are delivering vast cognitive resources, driving the cost of cognition toward commodity.

Delegation of our personal and professional lives to virtual and physical agents will increase significantly. Nearly every delegated task eventually touches money, so as delegation deepens, agents become the primary interaction surface for financial services and expand it dramatically.

In the delegation process, agents increasingly make consumption and capital allocation decisions on a standalone basis: payments, borrowing, lending, investing, etc. And because agents write software autonomously, they are self-improving. Commoditized cognition makes this viable at scale, giving rise to an agentic economy.

Today finance still runs on calendars inherited from human rhythm: discrete coupons, biweekly payroll, billing cadence, market hours, settlement windows. Agents operate continuously, and finance will follow them into continuous time, with risk underwritten and value streaming in real time. Economic capture shifts with the cadence.

Counterparty selection occurs on machine-legible criteria: price, latency, verifiable terms, programmatic trust. As selection shifts, so does the provider set. Some services in the agentic economy will be delivered by entirely new players; others by firms crossing over from adjacent spheres whose position in the agent's decision loop becomes financial distribution.