Valuation frameworks for crypto assets

RWA / Tokenized Real Assets

Real-world asset networks evaluated through AUM, fee take rate, regulatory risk, asset backing, and distribution reach.

Static methodology preview. Live data pipeline planned. Not investment advice.

Valuation Framework Categories

The model set is selected for the economic behavior of this asset class.

AUM economicsFee take ratePolicy risk

Class Bubble Map

Static class view of valuation gap and evidence quality.

RWA Bubble Map

Static methodology preview. Live data pipeline not yet connected.

Premium to model-implied value Discount to model-implied value Model-implied parity Asset Evidence ONDO RWA ONDO: valuation gap 8%, evidence 58/100 8% 58 CC RWA CC: valuation gap 8%, evidence 54/100 8% 54 MNT RWA MNT: valuation gap 3%, evidence 51/100 3% 51 CVL Valuation Gap
X-axis: Composite Model-Implied FDV / Actual FDV - 1 Row labels keep every asset visible; evidence score is shown at right Size: FDV or market cap Border: method confidence Opacity: data completeness

Models & Implied Value

Each model states what it measures and where its confidence breaks down.

Asset management economics

AUM Multiple

Relates value to tokenized asset base or assets under management.

Model-implied value method Applies an AUM multiple range to verified asset base.

Core inputs

AUMfee rateretentiondistribution

AUM does not automatically accrue to tokenholders.

Fee economics

Fee Take Rate

Evaluates the fee rate captured from managed or tokenized assets.

Model-implied value method Converts AUM and fee rate into revenue scenarios.

Core inputs

AUMfee take rateoperating leverage

Fee rights and token rights must be separated.

Revenue

Revenue Multiple

Applies a revenue multiple to network or protocol revenue.

Model-implied value method Capitalizes annualized revenue with scenario multiples.

Core inputs

annualized revenuemultiple rangemargin quality

Revenue comparability varies materially by asset class.

Policy risk

Regulatory Risk Discount

Applies explicit discounts for policy, licensing, or structure risk.

Model-implied value method Adjusts model-implied value by a policy risk factor.

Core inputs

jurisdictionclaim structurecompliance status

Risk discount is qualitative unless source trails are strong.

Asset backing

Treasury / Asset Backing

Assesses treasury or asset backing where claims are sourceable.

Model-implied value method Adds asset-backing value after haircut assumptions.

Core inputs

asset backinghaircutclaim seniority

Token claims may not match asset ownership.

Method Ratings

Method confidence reflects evidence quality, source availability, and token-level capture clarity.

Medium confidence

57/100

AUM and fee evidence

AUM is useful only when paired with fee rights and token claim structure.

Medium confidence

50/100

Policy classification

Regulatory structure can dominate the model-implied value range.

Scenario Simulator

A local assumption shell for testing scenario sensitivity without live data.

Scenario sensitivity

RWA network scenario

Model-implied FDV $10.0B

Static methodology preview. Changes here recompute a local scenario number only.

Source Trail

Planned source families for turning this framework into a data-backed dashboard.

CoinGecko

price, market cap, FDV, supply, and volume

DefiLlama

TVL, fees, revenue, and DeFi volumes

Coin Metrics

BTC-style realized cap, MVRV, and network metrics

Dune or manual source trails

custom on-chain datasets and methodology notes

Asset List

Assets currently mapped to this valuation class.

Asset Class Model coverage Data completeness Tokenholder capture Confidence Link
ONDO Ondo RWA Medium 64/100 Partial 56/100 Open
MNT Mantle RWA Medium 50/100 Partial 52/100 Open
CC Canton Network RWA Medium 54/100 Partial 57/100 Open