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We combine issuer-reported data, on-chain data, and third-party pricing feeds to build a comprehensive view of each tokenized asset. Each data type has a different source hierarchy and validation process.

Issuer-reported data

The majority of reference data on our platform (asset details, legal structure, fees, service providers) comes directly from issuers and platforms. What issuers provide:
  • Asset descriptions, names, and tickers
  • Legal entity information (issuer name, jurisdiction, legal structure, CIK, LEI)
  • Fee structures (management fees, performance fees, subscription/redemption fees)
  • Fund details (open/closed-end, lockup period, investor eligibility)
  • Service provider relationships (custodians, auditors, fund administrators, transfer agents)
  • NAV data (for assets where NAV is not observable on-chain)
  • Transparency and audit reports
Verification process: All issuer-reported data is reviewed by our team before publication. We cross-reference against public filings, offering documents, and official issuer websites. Data is not published until verified. Privacy handling: If an issuer wants to keep certain holder-related data private, we offer options to anonymize sensitive fields. Issuers can submit data with customizable privacy settings.

On-chain data

On-chain data provides the quantitative metrics for each token: supply, holders, transfers, and transaction activity. What we track:
  • Token supply and balances
  • Transfer events (mints, burns, peer-to-peer transfers)
  • Holder addresses and activity
  • Bridge events (cross-chain token movements)
On-chain data is deterministic. Given the same block, the same values are always produced. We cross-reference against public block explorers (e.g., Etherscan, Solscan) to validate accuracy. Data partners: We work with Allium, Dune, and SonarX for on-chain data infrastructure.

Pricing data

Pricing data determines NAV, market value, and yield calculations. Different metrics come from different sources:
  • Exchange aggregators: Market prices for tokens traded on exchanges, aggregated across multiple venues
  • Issuer-reported NAV: Net asset value reported directly by the issuer or fund administrator
  • On-chain price feeds: Prices derived from on-chain sources (e.g., oracle feeds, DEX prices)

Third-party data

We supplement our primary sources with data from:
  • Block explorers for cross-referencing on-chain metrics
  • Public filings such as SEC EDGAR and regulatory registrations
  • Rating agencies including S&P and Bluechip where available
  • Industry databases for asset classification and sector mapping

Source prioritization

When multiple sources provide conflicting data, we resolve conflicts using this priority order:
PrioritySourceRationale
1Public filings / official documentsLegally binding, audited
2Issuer-reported dataDirect from source, verified by our team
3On-chain dataDeterministic, independently verifiable
4Exchange aggregatorsMarket-derived, subject to liquidity conditions
5Third-party databasesUseful for enrichment, but not authoritative