OCB — About
The measurement standard for tokenized capital.
OnChain Benchmark rates, indexes, and reports on the tokenized real-world asset market — treasuries, stablecoins, credit, and equities — using a single published standard and data drawn entirely from the public record.
What we do
Tokenized capital has grown faster than any consistent way to measure its quality. Hundreds of instruments now live onchain — tokenized U.S. treasuries, money-market funds, private credit, stablecoins, and equities — issued by dozens of firms across many networks, each disclosed differently, if at all. OnChain Benchmark exists to measure them against one standard, so that the market can be compared, tracked, and understood on its own terms rather than on each issuer’s marketing.
We publish three things. Trust Ratings score individual instruments across disclosure quality, redemption liquidity, structural trust, and holder concentration. Indexes — RWA Quality, Stablecoin Health, and Liquidity Depth — track the market in aggregate, updated daily. And editorial research turns the underlying data into arguments about where the market is going.
Who runs it
OnChain Benchmark is an independent, United States –based research operation. It is not owned by, funded by, or affiliated with any issuer, exchange, protocol, or asset manager that it rates. We take no payment from issuers in exchange for a rating, a score, or coverage, and an issuer cannot buy its way into — or out of — the benchmark. Issuers may submit an instrument for consideration, but inclusion and the resulting score are determined solely by our published methodology.
Ratings and index values are independent analytical opinions, not statements of fact and not investment advice. See our Terms for the full disclosures.
Where our data comes from
Everything we publish is derived from the public record. There is no privileged data feed and no confidential issuer information in our scores. The inputs are:
- Onchain data — token supply, holder distribution, transfers, and DEX liquidity read directly from public blockchains.
- Issuer attestations — reserve reports and disclosures published by issuers and their auditors.
- Regulatory filings — public filings and registrations where they exist.
Because these sources are public, our work is reproducible. The rules that turn them into a score are open: read the full methodology, and, for many instruments, the per-instrument verification worksheets that show the underlying numbers.
How we work
The methodology is versioned and published before it is applied; changes go through a documented change process rather than case-by-case adjustment. Scores are recomputed on a daily cadence and reconciled against onchain ground truth, so a published number reflects the market as of a stated time rather than a one-off snapshot. Our editorial research follows a separate editorial policy covering sourcing, corrections, and independence.
Contact
Editorial and research inquiries, including corrections and press: research@onchainbenchmark.com. Product and account support: support@onchainbenchmark.com. On X: @OCB_Research. Full contact details are on our contact page.