Products

Crypto Risk Metrics offers various products to fulfill different regulatory- and compliance-needs.

MiCA white paper for crypto-assets

Since 30.12.2024 every token-project who wants to offer tokens in Europe must draw-up, notify and publish a MiCA-compliant whitepaper in order to be able to legally conduct business with Europeans. We help to fulfill this requirement with our services for token-projects.

The same obligations are true for Crypto-Asset Service Providers (CASPs) before offering or admitting a token to trading. This creates challenges in cases where the token-project does not provide the written consent to use the already drawn-up white paper. We address this challege with our services for exchanges & intermediaries. For trading venues, we also offer a product to fulfill the requirements from article 66 (3).

Lastly, we also cater the needs from lawyers, who might be struggling to transpose a written into the XBRL-file, which is mandatory since December 23rd, 2025 (see Delegated Regulation 2024/2984). For these cases, our service for lawyers is the right choice.

MiCA ESG-data for
crypto-assets

After the next titles of MiCAR entered into force at December 30th, 2024, crypto-asset service providers are required to display ESG-data for the crypto-assets they offer. Crypto Risk Metrics helps by providing the relevant data sets and templates, which can be easily integrated into the respective websites – via API, CSV-file or PDF.

We are the only provider offering data that is based on measurements conducted in an ISO-certified testing center and that hold in court, if challenged.

We look forward to your inquiry!

Listing and monitoring processes for digital-assets

MiCA demands Crypto Asset Service Providers to have adequate tooling in place in order to determine suitability of the listing of an asset.

Crypto Risk Metrics infrastructure provides a process with collaboration functionalities, risk-scores for the different dimensions of the crypto-asset in questions as well as proper documentation for regulators/auditors. On top of that, the solution provides ongoing surveillance – a often overlooked and time-consuming part of the asset listing and monitoring process.

So, if you are a bank or a CASP looking to list and monitor digital assets – this product is for you!

Market conformity and best execution checks for crypto-asset trades

Article 78(4) and Article 78(6) of MiCA establish comprehensive best execution requirements for the execution of crypto-asset trades on behalf of third parties.

With our “Best Execution Suite,” we offer a “one-stop-shop” solution that helps providers comply with regulatory obligations as effectively as possible.
Using the market fairness verification module, clients receive a daily report on executed trades – simply and securely, either via SFTP server upload or as a CSV file. This enables compliance with the best execution policy and facilitates backtesting.

Risk management for native digital asset investments

In accordance with MaRisk and BAIT, regulated financial institutions must maintain adequate risk management systems for all the assets they manage, whereby common standards must be taken into account.

The Crypto Risk Metrics software-as-a-service solution provides risk controllers with technical support and reference to BSI and other recognized standards enabling them to keep an eye on the specific risks associated with investments in native crypto assets – i.e. direct investments in Bitcoin, Ethereum and other crypto-assets – at all times.

By providing daily reports and a complete audit trail including corresponding statistics, the risk management system can be presented quickly and comprehensively in the event of audits as well.

Risk management for indirect
digital asset investments

The requirements of MaRisk and BAIT also apply to indirect crypto investments – i.e. investments in crypto ETPs, for example.

Regulated institutions must prove that they can adequately manage the specific risks of the asset class, whereby the Bundesbank explicitly pointed out in its monthly report of November 2023 that the special technical risks must also be adequately taken into account.

In addition to basic risk management at asset level, the Crypto Risk Metrics software therefore offers a comprehensive package of on-chain surveillance, which provides both issuers of and investors in crypto ETPs with the best possible protection in the event of hacks

Risk management for indirect digital asset investments

Risk management for
tokenized assets

The tokenization of securities exposes all parties involved to new types of risks that do not exist in traditional securities issuances.

In many of the current “proof-of-concepts”, these risks have so far been neglected, as they so far have only been showcases and therefore the proportionality approach was used to address – or better not address – specific risk management requirements.

Irrespective of the fact that the current showcases often do not yet justify comprehensive risk management procedures, the attack vectors are much less negligible than they appear – incorrect balance sheet preparation is just one of the keywords here.

At the same time, extensive questions arise with regard to AML and KYC, which should be mitigated by appropriate measures at this early stage.

The Crypto Risk Metrics can help you with this.

KARBV-compliant
price data for crypto-assets

Section 27 of the ordinance on the content, scope and presentation of the accounting of investment funds, investment stock corporations and investment limited partnerships and on the valuation of the assets belonging to the investment fund stipulates the requirement for valuation on the basis of tradable prices.

With regard to native crypto asset trades – i.e. direct investments in Bitcoin, Ethereum and other crypto-assets – the challenges of the trading platform arise, as these are largely not traded on so-called “organized markets”.

This situation requires an assessment in accordance with a suitable valuation model pursuant to Section 28 (3).

Crypto Risk Metrics provides you with KARBV-compliant price data based on a valuation model specially developed for crypto value trades. These models are also used for Best Execution policies as well as for Backtesting.

KARBV-compliant price data for crypto-assets

DLT network monitoring

In order for digital assets to move, the DLT they are issued on needs to be running. Several outages in the past have shown that this has not always been the case, and regulators increasingly ask for monitoring solutions and back-up plans.

With its DLT network monitoring tool “DLT pulse”, Crypto Risk Metrics offers the perfect solution for companies who must comply with PS26/7 of the Financial Conduct Authority.

Get Pulse

DTI mapping

According to MiCA, several reportings must include the Digital Token Identifier (DTI) in order to be compliant. As many companies use either own slugs or rely on numbering of CoinMarketCap or other data providers, mapping of the identifiers can causes a lot of work.

Crypto Risk Metrics built an API for that – just send us your identifiers and get the mapped DTI identifiers in return. No human interaction necessary.