GTCMI Composite Index
124.80
+4.2% vs Prev. Quarter
The GTCMI is the primary institutional benchmark tracks the growth, depth, and liquidity of tokenized financial instruments worldwide. Mirroring the role of the MSCI World for equities, the GTCMI provides a single, weighted metric for the programmable finance era.
Digital bonds, sovereign issues, and corporate debt tokens (TFIC-D).
Private shares and digital-native equity instruments (TFIC-E).
PE tokens and money market funds (TFIC-F).
Smart Derivative Contracts and on-chain swaps (TFIC-X).
Tokenized ABS, CLOs, and programmatic notes (TFIC-S).
Instruments born and settled natively on-chain (TFIC-N).
The GTCMI provides cross-regional coverage and multi-protocol diversification. We monitor assets across public L1s, private permissioned ledgers, and institutional subnets.
Instruments from infrastructures failing DCM Resilience Audits are subject to immediate exclusion to prevent index contagion.
The GTCMI employs a **Market-Capitalization-Weighted** methodology. The weight of each instrument is proportional to its market value: Weight_i = MV_i / ΣMV. The level is calculated as Index_t = Σ (MV_i,t × Weight_i) / Divisor.
A proprietary **Divisor** is used to maintain index continuity across market events, such as new tokenized issuances, calls, or redemptions, ensuring price movements reflect purely market evolution.
The index is reviewed and rebalanced on a **Quarterly Basis** by the DCM Core Institute Oversight Committee to include new emerging asset classes and verified market participants.
@index{dcmcore2025gtcmi,
organization = {DCM Core Institute},
title = {Global Tokenized Capital Markets Index},
series = {Institutional Reference Indices},
year = {2025},
url = {https://dcmcore.com/research/gtcmi}
}