OCB — Our Story
The world’s financial system is moving onchain. Someone has to measure it.
Treasuries, money-market funds, credit, and dollars themselves are becoming the settlement and collateral layer of a digital economy. Trillions in real-world value now live on public blockchains — yet the market still reads itself the way crypto always has: issuer by issuer, claim by claim, with no common standard for what is disclosed or verifiable. OnChain Benchmark is the standard that market is missing.
Our story
Every previous era of finance produced its reference layer — the ratings, indexes, and benchmarks that let capital price risk and act with confidence. The onchain economy has raced ahead of its own. Tokenized treasuries and money-market funds crossed tens of billions of dollars in a matter of quarters; stablecoins now settle more value than major card networks. The instruments are institutional. The infrastructure for judging them is not.
OnChain Benchmark exists to close that gap. It measures the quality of tokenized capital — treasuries, stablecoins, credit, and equities — against one published standard, built entirely from the public record, so the market can be compared and trusted on its own terms rather than on each issuer’s marketing. It is the reference the market can act on: the number buyers check, and the scoreboard issuers are measured against.
We have seen this gap from both sides of it. We are long-time co-founders who have been building in blockchain and digital assets since 2018 — together we founded and exited Forkast, where we created some of the first data and index products for the industry. We know what it takes to make an emerging market legible to institutions, because we have done it once already. OnChain Benchmark is the next, more rigorous version of that work.
Sarah Chang
Founder
Sarah Chang leads product at OnChain Benchmark. A builder and operator with more than twelve years across venture-backed startups and emerging technologies, she has founded, scaled, and exited companies, and has shipped the data and index products that turn frontier markets into something institutions can act on. She began her career at McKinsey & Company and holds degrees from Columbia University and the University of Oxford.
Angie Lau
Founder
Angie Lau brings the authority of global financial media to OnChain Benchmark. She spent ten years at Bloomberg, ending her tenure as Global Lead Anchor, broadcasting to the world from Hong Kong — the financial capital of Asia — where she covered the economies, markets, and capital flows that set the tempo for the rest of the world. Few people have watched more closely how markets actually behave, and she has spent the years since translating that fluency into products the industry can trust.
What OnChain Benchmark is today
Everything we publish is drawn from the same foundation — the public record. There is no privileged data feed and no confidential issuer information anywhere in a score; the work is reproducible because anyone can trace it back to the same onchain data, issuer attestations, and regulatory filings we start from.
What we publish
Trust Ratings score individual instruments across disclosure quality, redemption liquidity, structural trust, and holder concentration. Indexes — RWA Quality, Stablecoin Quality, and Chain RWA Footprint— track the market in aggregate, recomputed every day. And editorial research turns the underlying data into arguments about where the market is going. Together they are the reference the market can act on: the number buyers check, and the scoreboard issuers are measured against.
Independent by design
A measurement standard is worth only as much as its independence. OnChain Benchmark is not owned by, funded by, or affiliated with any issuer, exchange, protocol, or asset manager that it rates. We take no payment in exchange for a rating, a score, or coverage, and no issuer can 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 the 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.
Built to be reproduced
The methodology is versioned and published before it is applied, and it changes through a documented process rather than case by case. Scores are recomputed daily and reconciled against onchain ground truth, so a published number reflects the market as of a stated moment. For those who want to check our work, the full methodology and per-instrument verification worksheets are open. 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.