Background-independent definition of M-theory

In plain words

Each known exact definition of string theory assumes a fixed shape of spacetime at infinity. A definition that does not assume a background is missing.

Precise statement

Exact definitions of string and M-theory exist for asymptotically AdS spacetimes (dual CFTs) and for flat space in light-cone frame (BFSS matrix theory), each tied to asymptotic boundary conditions. Find a formulation whose Hilbert space and observables do not presuppose a background and which contains these as special sectors.

What would settle it

A formulation from which at least two known exact definitions with different asymptotics are derived as sectors.

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