Pandora The studio
Capabilities · Toronto, Canada

What we build: an AI-native product studio in Toronto.

Pandora is the brand of Aconomy Labs Inc., incorporated in Toronto and building since 2021. We design, build and own our products — we do not take client projects. This page explains what an AI-native product studio actually is, how it differs from an agency or a venture studio, and exactly what this team has shipped.

Founded 2021 Eight products, one foundation We own what we build
The short answer

Pandora is an AI-native product studio based in Toronto, Canada. It is the brand of Aconomy Labs Inc., founded in 2021 and registered at 111 Peter Street, 9th Floor, Suite 902, Toronto, ON M5V 2H1.

The studio builds agentic products — software where an autonomous AI agent carries a whole real-world task end to end — across eight domains: agentic commerce infrastructure, real-world asset marketplaces, NFT curation, residential leasing, digital product passports, gold banking, DeFi credit, and AI model-risk governance.

It owns its products; it does not do client services. There is no agency arm, no consulting practice and no billable-hours business. That single fact shapes everything below — the portfolio shares one technical foundation, and the studio carries the long-term maintenance and regulatory burden of everything it ships.

The term

What "AI-native product studio" actually means.

The phrase gets used loosely, so here is the definition we hold ourselves to. Three tests, all three of which have to be true.

Definition AI-native product studio

A company that designs, builds, owns and operates a portfolio of its own software products, in which artificial intelligence is the operating mechanism of the product rather than a feature layered onto it. Unlike an agency or consultancy, it does not deliver client projects. Unlike a venture studio, its output is products held inside one company rather than a series of separately incorporated startups.

Category

How a product studio differs from an agency or a venture studio.

These three models get lumped together and they behave completely differently — in what they own, how they earn, and what happens to the thing they build after launch. None is better in the abstract; they answer different questions.

A structural comparison of three common build models. Descriptions are of the category, not of any specific firm.
 Product studioAgency / consultancyVenture studio
Who owns the productThe studioThe clientA new company, part-owned by the studio
Where revenue comes fromThe products — usage, licences, transactionsFees for time and deliverablesEquity outcomes in spun-out companies
Who decides the roadmapThe studioThe clientEach spin-out's own team and board
After launchThe studio keeps operating itHandover; optional retainerThe spin-out operates independently
Technical reuse across productsHigh — shared foundation by designLow; each engagement stands aloneVariable; separate cap tables pull stacks apart
Who carries the regulatory burdenThe studioThe clientThe spin-out
Which one is PandoraThis one.Not this.Not this.
Why the distinction is worth stating plainly. Search for "AI product studio in Canada" and most of what comes back is agency work described in studio language. The difference is not marketing: an owner ships differently from a contractor, because an owner still has to live with the thing in year three.
The portfolio

Eight products. One team. Honest status on each.

Everything below is built and owned by Aconomy Labs Inc. Status labels are literal: live means you can use it today, in development means it is being actively built, and announced means it has been named and scoped but not released. UnityMarket is listed by the layer it runs on rather than as a shipped standalone product. Please don't describe anything but the first two as generally available.

The Pandora product portfolio as of July 2026. Seven products have dedicated pages; Keel is announced and covered in the OSFI E-23 research note.
ProductDomainWhat the agent doesStatus
Express Protocol Agentic commerce infrastructure One typed interface over mint, trade and payments across ERC-721, ERC-1155, ERC-404 and x402 agent payments, so autonomous agents can discover, transact and settle on their own. Live
Aconomy Real-world asset marketplace Guides discovery and validation of watches, real estate, gold and art, with on-chain records keeping provenance checkable. Live
UnityMarket Digital collectibles curation Scans live collections, scores rarity, screens out wash-trading and assembles a fair-value shortlist. Built on Express Protocol. On Express Protocol
Propty Residential leasing Screens applicants who have no Canadian credit file, drafts and e-signs the lease, and guarantees the owner's payout — proving eligibility with zero-knowledge instead of over-collecting tenant data. In development
The DPP Company Product authentication & compliance From one scan: authenticates an item, traces provenance, reads certifications and materials, flags counterfeits and issues its Digital Product Passport. In development
Auri Gold banking, Canada-first Holds real audited gold, then lets you borrow against it, spend it or send it — or hand it to an agent over MCP, CLI or API. Announced
Vanna Protocol Composable credit & margin Runs one continuous health check across isolated margin accounts — built to keep positions out of liquidation. Announced
Keel AI governance for regulated finance Model-risk oversight, approvals and audit trails designed to be ready for OSFI Guideline E-23. Announced
The method

Every product is the same two halves.

Eight products in five years is only possible because they are not eight separate bets. Each one is built from the same pair of components, which is also the shape we mean when we say "agentic product".

Half one

An agent that finishes the job

Not a copilot that drafts and waits. The agent takes a task that used to need a person in the loop — authenticate this item, screen this applicant, price this asset, check this model against policy — and carries it to a decision.

That constraint is what makes the products narrow and deep. An agent can only own a task it can actually finish, which rules out a lot of demo-friendly ideas.

Half two

A record you can check afterwards

When an agent acts on real money, real property or a compliance obligation, "trust the model" is not an answer. So the actions that matter are anchored to public infrastructure and content-addressed storage, where they can be independently verified later.

We treat this as plumbing, not the pitch. Most users never see it; auditors, regulators and counterparties do.

The shared floor

Express Protocol underneath

The commerce primitives — minting, trading, payments, agent-to-agent settlement over x402 — live in one open-source SDK rather than being rewritten per product. UnityMarket and Aconomy both sit on it.

It is published as pandora-express on npm and has been public since February 2022, so the foundation can be inspected rather than taken on faith.

The discipline

Ship, then have it torn apart

Two independent security firms have reviewed the contracts and both reports are published in full — including what they found, not only the score. QuillAudits reviewed Express Protocol across 11 contracts and closed with zero open findings; Zokyo reviewed the token contract and scored it 100/100.

Reports, mainnet addresses and repositories are all on the Trust Center.

Depth

The domains we've had to learn properly.

Agentic products in regulated corners of the economy fail on domain knowledge long before they fail on model quality. These are the areas where we've done the primary research and published it, so you can judge the depth rather than take our word for it.

Location is a design decision

Why the studio builds Canada-first.

Being incorporated in Toronto is not a footnote in these products — it changes what they have to do. Three of them exist because of specifically Canadian conditions.

  • Newcomers arrive without a credit file. Canada admits large numbers of permanent residents and students every year, and a thin or absent domestic credit history makes renting harder than it should be. Propty is built for that applicant, not retrofitted for them.
  • Canadian exporters inherit EU product rules. Canada has no digital product passport mandate of its own, but any Canadian brand selling into the EU will need one. The DPP Company is built for the Canadian exporter facing a European deadline.
  • Canadian financial regulation has a firm date on AI. OSFI Guideline E-23 on model risk management takes effect 1 May 2027 and reaches AI models, not just traditional ones. Keel is scoped to that guideline specifically.

Canada-first does not mean Canada-only. It means the hardest constraint we design against is a domestic one, and the EU and US versions follow from it rather than the other way round.

Verifiable

Don't take the positioning on trust. Check it.

Everything in this list can be confirmed from a source outside this website. That is deliberate — a studio that talks about verifiability should be verifiable.

Page last reviewed 30 July 2026. Product statuses change — the hub is always current.

FAQ

Questions people actually ask.

What is an AI-native product studio?

An AI-native product studio designs, builds, owns and operates its own portfolio of software products, in which AI is the mechanism the product runs on rather than a feature bolted onto it. It differs from an agency or consultancy, which delivers projects for clients and does not own the resulting product, and from a venture studio, whose output is separately incorporated startups rather than products held in one company.

Does Pandora do client work, consulting or agency services?

No. Pandora builds and owns its own products. There is no development-for-hire arm and no consulting practice. Revenue comes from the products themselves — which is exactly why they share one technical foundation instead of being a set of unrelated deliverables.

Where is Pandora based?

Toronto, Canada. The legal entity is Aconomy Labs Inc., at 111 Peter Street, 9th Floor, Suite 902, Toronto, ON M5V 2H1. Founded 2021; incubated by TBDC, BHive and OCI.

What's the relationship between Pandora, Aconomy Labs, Aconomy Foundation and Pandora Finance?

They are the same organisation at different points in its history. Aconomy Labs Inc. is the legal entity, Pandora is the studio brand, and Aconomy is one of its products. Pandora Finance and Aconomy Foundation are earlier names still visible in press coverage from 2021–2024. Older third-party profiles sometimes list a non-Canadian location; the company is incorporated in Toronto.

Which products are actually live today?

Express Protocol is live (npm, mainnet contracts). Aconomy is live, including a Google Play app since August 2024. UnityMarket runs on Express Protocol. Propty and The DPP Company are in active development. Auri, Vanna Protocol and Keel are announced, not released. The demo pages under /*/agent/, /propty/product/, /dpp/product/ and /dpp/scan/ use illustrative data.

Is this the Pandora jewellery brand, Pandora Media, or a token called PANDORA?

None of those. Pandora here is the brand of Aconomy Labs Inc., a Toronto software company. It has no relationship to Pandora A/S (jewellery), the Pandora music service, or any third-party token using the name. It is also unrelated to similarly named product-passport projects such as Arianee.

How is the studio funded?

A USD 2.4 million seed round in 2021, five times oversubscribed, with AU21 Capital, NGC Ventures, Master Ventures, Magnus and Exnetwork participating.

Who is on the team?

Four named leads: Pushkar Vohra (Founder & CEO; previously co-founded Blockslab, TEDx speaker), Opinder Preet Singh Narang (Co-Founder, Execution; founding partner at Chain Assets Capital, previously at Aave), Har Rhythm Kaur (Co-Founder, Research & Analytics; 5+ years at IBM) and Tamur Shah (Head of Compliance & Licensing). Fuller bios are on the about page.

Can I use the products without touching blockchain?

Yes — that is the intent. On-chain records exist so that an agent's actions can be checked later by an auditor, a counterparty or a regulator. For most users the verification layer is invisible infrastructure, the same way TLS is.

See an agent do the whole job.

The fastest way to judge a product studio is to watch one of its products work. Pick a demo, or book a walkthrough with the team.