Institutional Research

Research Programs

The DCM Core Institute publishes macroeconomic analyses, technical architecture frameworks, and risk assessments to help institutions navigate the transition to on-chain finance.

FLAGSHIP REPORT

Global Tokenization Report 2026

Our definitive annual institutional audit of the digital asset market. Evaluating RWA capitalization, stablecoin liquidity, and comprehensive institutional adoption metrics.

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Frameworks & Core Architecture

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SYSTEM ARCHITECTURE

Programmable Capital Markets (PCM)

An innovative conceptual framework detailing the three layers of tokenized finance: the ledger layer, the programmable asset layer, and the compliance logic layer.

TAXONOMIC CLASSIFICATION

TFIC Taxonomy v1.0

Technical Financial Instrument Classification. A detailed alphanumeric system designed to categorize the yield structure and legal validity of on-chain assets.

Whitepapers

MACRO ANALYSIS

The Emergence of Tokenized Markets

Analyzing the fundamental elements driving the migration of sovereign debt and money funds to public and permissioned distributed ledgers.

STRESS TEST

MiCA Stablecoin Risk Assessment

A quantitative assessment of liquidity risk in EU-regulated stablecoins under the provisions of EMT Article 43.