Graduate Texts in Financial Law

Publishing and Settlement of Risk in Tokenized Markets

The VIX Forms, and the signed print a wrapper can carry

September 2026 seminar edition

A graduate financial-law text on publishing and settlement of risk in tokenized markets. The VIX is the existence proof that a market can invent a payable vol number and list it. The new knowledge is versioned I_t — a density print, a realized clock, or dual F — the number a perpetual funds its mark to. Chapter VIII writes the listed strip. Chapter IX writes I_t. FloatNet attests the freeze. The print travels with the wrapper.

1. 0Front MatterPurpose, method, and how this book is to be read12 min
2. IVolatility as a Legal and Economic ObjectFrom residual risk to listed underlier18 min
3. IIThe 1993 IndexWhaley, OEX, and the first public volatility benchmark16 min
4. IIIThe 2003 RewriteGoldman, the log contract, and a listed variance story20 min
5. IVThe Mathematical FormEstimators, measures, and what a single number cannot carry24 min
6. VMarket FormsCash index, futures, options, notes, and the roll22 min
7. VILegal FormsProperty, jurisdiction, benchmarks, and market power26 min
8. VIICrises as Experiments on Form2008, 2018, 2020, and the limits of a second-moment listing18 min
9. VIIIFull-Distribution Evolutionary ReplacementWhat must migrate when a second-moment index is no longer the primitive28 min
10. IXPerpetual Settlement as a Second GenusMark, funding, and a signed dual-input print32 min
11. XApplied Analysis: September–October 2026A low second moment, a midterm calendar, and a test of the replacement thesis22 min
12. AAuthorities and Bibliographic NoteCases, filings, methodologies, and articles this seminar actually uses10 min