Digital Asset Risk Radar
Institutional risk taxonomy and systemic dependency mapping for DLT infrastructure.
Surveillance Active
Risk Vector Taxonomy
DCM CORE METHODOLOGY V1.2
[TECH] Infrastructure
Evaluates smart contract maturity, protocol architecture, bug bounties, and time-in-market without exploit.
WEIGHT: 20%
[CUST] Counterparty
Assesses the reliability of the entity holding the underlying asset (Tier 1 Bank vs. Unregulated Trust) and oracle dependencies.
WEIGHT: 30%
[LEGAL] Regulatory
Measures alignment with clear jurisdictional frameworks (e.g., MiCA) versus operating in regulatory gray zones.
WEIGHT: 30%
[LIQ] Liquidity
Evaluates secondary market depth, ability to execute atomic T+0 fiat conversion, and redemption friction.
WEIGHT: 20%
AGGREGATE GRADE FORMULA: 0.2(TECH) + 0.3(CUST) + 0.3(LEGAL) + 0.2(LIQ)
CALIBRATED FOR INSTITUTIONAL SETTLEMENT RISKS
Systemic Dependency Matrix
Illustrates how counterparty risks stack. An asset inherits the aggregate risk of its underlying settlement layers.
BlackRock BUIDL
Tokenized Money Market Fund
A
USDC Liquidity Pool
Settlement Layer
AA
Circle & BNY Mellon
Fiat Custody
AAA
Wrapped Bitcoin (WBTC)
Cross-chain Collateral
BBB
BitGo Trust
Custodial Consortium
BB
Bitcoin Network
Layer 1 Settlement
AAA
Institutional Risk Register
| Asset / Protocol | Type | [TECH] | [CUST] | [LEGAL] | [LIQ] | Global |
|---|---|---|---|---|---|---|
| JPM Coin / Onyx | Wholesale Ledger | AA | AAA | AA | A | AA |
| USDC (Circle) | Fiat-backed Stablecoin | AAA | AA | A | AAA | AA |
| BlackRock BUIDL | Tokenized MMF | A | AA | A | BB | A |
| SG Forge (EURCV) | Wholesale E-Money | A | AAA | AAA | BBB | A |
| Tether (USDT) | Fiat-backed Stablecoin | AA | B | C | AAA | BB |
| Staked ETH (Lido) | Liquid Staking | A | BB | C | AA | BBB |