Every century or so, a new economic doctrine emerges to challenge the prevailing order. In 1776, Adam Smith laid the foundations of capitalism. In 1848, Karl Marx and Friedrich Engels published The Communist Manifesto. In 2026, a new voice has entered this lineage: Julien Achille Agbé, with Le Manifeste du Liorisme — a doctrine built not in ivory towers, but forged over 18 years of hands-on experience in finance and entrepreneurship.

This is not just another fintech white paper. Liorisme is a fully articulated economic and financial doctrine, proposing a structural alternative to the models that have dominated global finance for centuries. At its core: circular finance, financial inclusion, decentralized governance, and the tokenization of real-world assets.

Here is everything you need to know.

Table of contents

• What Is Liorisme?
• The Founder: Julien Achille Agbé
• The Four Pillars of Liorisme
• Liorisme in Historical Context
• LiorS: The Digital Currency of the Ecosystem
• A Global Tour: From Jiaxing to Paris
• Why Liorisme Matters Now
• Key Statistics
• FAQ

What is liorisme?

Liorisme is a new economic and financial doctrine developed by Julien Achille Agbé and formally introduced through its founding text, Le Manifeste du Liorisme, published in 2026. According to its founder, Liorisme is a doctrine that seeks to offer an alternative to existing economic models.

Unlike theoretical frameworks that remain confined to academic circles, Liorisme presents itself as an operational framework — a working manual as much as a manifesto. It does not merely critique the existing financial system; it proposes concrete mechanisms to replace its most exclusionary features.

At its heart, Liorisme is an economic and financial doctrine built on circular finance — a vision that rejects extraction in favor of circulation, that puts financial inclusion back at the center of the system, and offers emerging economies as well as developed markets a credible alternative model.

The doctrine draws a sharp distinction between finance as it is practiced today — largely extractive, concentrated, and opaque — and finance as it could be: regenerative, inclusive, transparent, and deeply connected to the real economy.

The founder: julien achille agbé

Julien Achille Agbé is an entrepreneur and finance expert with nearly two decades of experience building financial ecosystems. He is the driving force behind EiC Corporation and iCapital Ventures, two organizations at the intersection of digital finance and economic development.

He affirms having developed this approach over several years of experience in finance and entrepreneurship before publishing a manifesto. The result is a doctrine that is neither purely academic nor purely speculative — it is grounded in the practical realities of building financial infrastructure from the ground up, particularly in markets where access to capital remains a persistent challenge.

The Manifesto of Liorisme received its first official dedication ceremony on June 18, 2026, at Jiaxing Polytechnic University in China — a symbolic choice, as China represents one of the world's most compelling examples of long-term economic vision translated into transformative results.

The four pillars of liorisme

1. circular finance

The most foundational concept in Liorisme is what Agbé calls "circular finance" — or, as he has also termed it, "financial therapy." At the core of the Manifeste du Liorisme, Julien Achille Agbé defends an approach he describes as "circular finance" or "financial therapy." According to him, traditional economic models now show their limits in the face of challenges related to inequalities, financial exclusion, and wealth concentration.

In practice, this means designing financial systems where resources are reinvested into the real economy rather than extracted and concentrated in speculative instruments. Capital circulates rather than accumulates — creating value at each turn rather than pooling at the top.

2. financial inclusion

Liorisme places financial inclusion at the structural center of its model, not as a charitable afterthought, but as a core economic principle. The doctrine specifically targets individuals and SMEs who are systematically underserved by traditional financial institutions.

The world's SME finance gap is now in the trillions of dollars. The estimated credit gap for formal and informal MSMEs worldwide has been revised upwards to $3.2–3.9 trillion globally. Liorisme positions itself as a direct response to this structural failure.

3. blockchain and asset tokenization

Liorisme embraces digital technologies — particularly blockchain and the tokenization of assets — as essential tools for implementing its vision. This vision rests notably on data-based financing mechanisms, the valuation of digital assets, and the integration of businesses into a global financial ecosystem.

The timing is significant. The Global Real World Asset Tokenization Market in 2026 is expected to grow into a multi-trillion-dollar industry as institutional adoption accelerates. Q1 2026 alone saw $29B in growth in the real world asset tokenization market, with tokenized funds leading at $13.5B, commodities at $5.9B, and private credit at $4.6B.

Liorisme is not riding a trend — it is building a doctrine on the structural reality that tokenization is fundamentally reshaping how assets are owned, financed, and exchanged.

4. decentralized and transparent governance

The fourth pillar of Liorisme is a model of governance designed to be more transparent and decentralized than traditional financial institutions. LiorS/G powers economic-financial exchanges and project financing via a decentralized infrastructure and a vision of financial education for the emergence of genuine economic agents.

This governance model is operationalized through the LiorS token, which gives holders direct participation in ecosystem decisions — a shift from the opaque, centralized decision-making that characterizes most conventional financial institutions.

Liorisme in historical context

To understand the ambition of Liorisme, it helps to place it alongside the great economic doctrines of history:

Each of these doctrines emerged in response to the failures of its time. Smith wrote in response to mercantilism and feudal economic rigidity. Marx wrote in response to industrial exploitation and class inequality. Agbé writes in response to financial exclusion, extractive capitalism, and the structural barriers that prevent billions of people and millions of businesses from accessing the capital they need.

The comparison is not merely stylistic. It reflects a genuine intellectual ambition: to offer a coherent, systematic, and operational alternative to the dominant economic paradigm.

Liors: the digital currency of the ecosystem

No doctrine is complete without an operational instrument. For Liorisme, that instrument is LiorS — the ecosystem's digital currency and the backbone of the iCapital Ventures platform.

Listed on LCX Exchange — the regulated exchange of Liechtenstein — LiorS is a MiCA-compliant utility token that functions as a means of payment, a governance instrument, a financing cash collateral, and a store of value across iCapital Ventures platforms: Liorbank, LiorCard, LiorCapital, iCapitalior, Liorlink, SRBS, iProperty, Liortrade.

LiorS is a multi-utility, social, and governance token designed to power transactions, decision-making, and impact initiatives within the iCapital Ventures ecosystem.

Built under the EU's MiCA regulation as a compliant utility token, LiorS features a fixed supply of 200 million and a deflationary model with a token burn mechanism. Specifically, a standout feature of LiorS is its burn mechanism: 90% of purchased tokens will be destroyed in exchange for free shares — a deflationary design that structurally supports long-term value appreciation.

The token's compliance with MiCA — the European Union's landmark crypto-asset regulatory framework — is particularly significant. It signals that Liorisme is not building in the regulatory shadows, but positioning itself as a legitimate, institutionally credible alternative within the evolving global financial architecture.

The icapital ventures ecosystem

LiorS serves as the connective tissue of a growing suite of financial products and services:

Each platform is powered by LiorS, creating a closed-loop financial ecosystem where value circulates rather than leaks — the operational embodiment of circular finance.

A global tour: from jiaxing to paris

The launch of Le Manifeste du Liorisme has been accompanied by an ambitious international roadshow, bringing the doctrine to key financial and academic centers around the world.

In the framework of the international mobilization around Liorisme, several institutional meetings and presentation sessions of this unique book are planned in China (June 13–23), South Africa (July 7), Abidjan (September 13), Geneva (November 28), and Paris (June 30).

The choice of venues is deliberate. China, South Africa, Côte d'Ivoire, Switzerland, and France represent a cross-section of the global economic landscape — from emerging markets grappling with financial exclusion to established financial centers where new doctrines must earn their legitimacy.

One of the major milestones of this tour will be the participation of Julien Achille Agbé at the 4th edition of the Semaine l'Afrique des Solutions (SAS), planned for October 23–24, 2026, in Paris — an international event dedicated to innovative African initiatives that will offer a strategic platform to present the foundations of the Manifeste du Liorisme.

The book itself serves as both an intellectual passport and a literal entry ticket: purchasing Le Manifeste du Liorisme grants access to dedication ceremonies, and with every purchase, 50% of the price is refunded in LiorS, immediately usable across the entire iCapital Ventures ecosystem.

Why liorisme matters now

The emergence of Liorisme in 2026 is not a coincidence. It arrives at a moment of profound structural stress in the global financial system — and of unprecedented technological opportunity.

Traditional financial institutions continue to fail large segments of the global population. The 2026 Global SME Finance Forum is being held under the theme "Transforming Access Into Impact: Market, Capital, Technology," with topics including tokenized assets and digital capital markets for SME financing, and digital public infrastructure and financial inclusion. The agenda of the world's leading SME finance forum mirrors, almost point for point, the pillars of Liorisme.

Meanwhile, the regulatory landscape is catching up. The Federal Reserve, the European Union through MiCA, and financial regulators worldwide are developing frameworks for tokenized assets and decentralized finance. The Federal Reserve has noted that tokenization is having a notable effect on the global financial system, with the concept applied to fine art, music royalties, and financial assets — generally defined as the process of generating a digital representation of an asset on distributed ledger technology.

Liorisme positions itself at the precise intersection of these converging forces: regulatory maturity, technological readiness, and the urgent need for more inclusive financial models.

Key statistics

📊 $3.2–3.9 trillion - Global SME Finance Gap

📊 $29 billion - Real World Asset Tokenization Market Growth Q1 2026

📊 200 million tokens - LiorS Token Fixed Supply

📊 90% of purchased tokens destroyed in exchange for shares - LiorS Burn Mechanism

📊 $3.2–3.9 trillion — the estimated global MSME credit gap, the structural failure that Liorisme directly addresses (Source: IFC / SME Finance Forum 2026)

💡 $29 billion — growth in the real world asset tokenization market in Q1 2026 alone (Source: RWA Market Report Q1 2026)

🔗 200 million — fixed supply of LiorS tokens, built on a deflationary burn model under EU MiCA compliance (Source: iCapital Ventures)

🌍 5 continents, 6 cities — the international roadshow of Le Manifeste du Liorisme in 2026: Jiaxing, Johannesburg, Abidjan, Paris, Geneva, and beyond

Faq

What exactly is liorisme?

Liorisme is a new economic and financial doctrine developed by Julien Achille Agbé and formally introduced in 2026 through Le Manifeste du Liorisme. It proposes a structural alternative to existing economic models, centered on four pillars: circular finance, financial inclusion, blockchain-based asset tokenization, and decentralized governance. Unlike purely theoretical frameworks, Liorisme is designed as an operational system, implemented through the iCapital Ventures ecosystem and its native digital currency, LiorS.

How does liorisme differ from capitalism or decentralized finance (defi)?

Capitalism, as classically defined, prioritizes the accumulation of capital and the free market as the primary mechanism of value creation. DeFi, while decentralized, is largely speculative and disconnected from the real economy. Liorisme seeks to bridge both worlds: it uses decentralized, blockchain-based tools (like DeFi) but directs them toward the real economy, financial inclusion, and long-term value creation — rather than short-term speculation or wealth concentration.

What is liors and why does it matter?

LiorS is the utility and governance token of the iCapital Ventures ecosystem. It is listed on LCX Exchange in Liechtenstein and is fully compliant with the EU's MiCA regulation. LiorS functions as a means of payment, governance instrument, financing collateral, and store of value across a growing suite of financial platforms including Liorbank, LiorCard, LiorCapital, iProperty, and Liortrade. Its fixed supply of 200 million tokens and deflationary burn mechanism are designed to support long-term value preservation.

Who is le manifeste du liorisme written for?

The book is designed for a broad audience: financial practitioners seeking concrete tools, investors wanting to understand where decentralized finance is heading, researchers working on alternative economic models, and policymakers interested in financial inclusion. It functions simultaneously as a working manual and an intellectual manifesto — accessible to professionals while rigorous enough for academic engagement.

Where can i access le manifeste du liorisme?

Le Manifeste du Liorisme is available in English, French, and Chinese on the iCV Intelligence app. With every purchase, 50% of the price is refunded in LiorS, immediately usable across the iCapital Ventures ecosystem. Purchasing the book also serves as an entry pass to dedication ceremonies held in cities including Paris, Geneva, Abidjan, and Johannesburg.

Liorisme arrives at a moment when the world is actively searching for alternatives. The old models — whether extractive capitalism or state-directed central planning — have left hundreds of millions of people and businesses outside the financial system. At the same time, the tools to build something better have never been more powerful: blockchain, tokenization, decentralized governance, and real-time data-driven financing are no longer theoretical possibilities. They are operational realities.

What Julien Achille Agbé has done with Le Manifeste du Liorisme is give these tools a doctrine — a coherent intellectual framework that explains not just how to use them, but why, and toward what end. That end is a financial system where resources circulate rather than accumulate, where inclusion is structural rather than charitable, and where long-term value creation replaces short-term extraction.

Whether Liorisme will take its place alongside capitalism and communism in the canon of economic thought remains to be seen. But in 2026, it is already doing something rare: starting a serious, global conversation about what finance is for — and who it should serve.

"Liorisme is a doctrine built on circular finance — a vision that rejects extraction in favor of circulation, putting financial inclusion back at the center of the system"
— iCapital Ventures / Julien Achille Agbé