Metal is a global settlement network and Layer-1 blockchain for tokenized finance, natively supporting AI agent transactions, with built-in identity verification (KYC) and permission authorization, providing institutional-grade compliance and privacy. It enables the full lifecycle of issuance, trading, and settlement for tokenized assets (e.g., equities, bonds, funds), using on-chain DvP (delivery-versus-payment) to atomically settle tokens and fiat, eliminating traditional T+2 settlement delays and counterparty risk. Its core mechanism embeds compliance rules at the consensus layer, allowing financial institutions to execute KYC/AML and permission controls on-chain out of the box while protecting transaction privacy. It is suitable for regulated financial institutions and tokenized funds.