Published Assessments
Which assets did we investigate?
Our first public assessments covered five liquid, institutionally relevant assets across two categories: USD-denominated stablecoins and gold-backed tokens.
Meridion Risk produces holistic digital-asset risk assessments across smart contract security, operational security, and financial risk, creating trust across both DeFi and TradFi.
For (i) issuers preparing an asset for institutional review
and (ii) CEXs, venues, funds, custodians, and institutional users evaluating live assets.
A code audit can only tell you if contracts are directly exploitable. It cannot fully answer whether an institution should list, custody, hold, accept, or integrate the asset. Serious counterparties need to understand control paths, reserve evidence, liquidity, redemption, governance, operational dependencies, and financial stress scenarios.
Point-in-time code reviews miss systemic, operational, and liquidity risks. Institutional due diligence teams know the difference, and they'll ask.
Without verified reserve evidence, liquidity stress-testing, and scenario analysis, your asset is hard to evaluate for any counterparty that runs its own risk committee.
Every institutional prospect runs their own assessment from scratch. There's no authoritative reference document you can hand them. Each round costs you time and optionality.
Smart contract, operational, and financial risk factors are often reviewed in isolation. That leaves compounding exposures that only a holistic view can catch.
Our first public assessments covered five liquid, institutionally relevant assets across two categories: USD-denominated stablecoins and gold-backed tokens.
Meridion Risk conducts holistic assessments across smart contract security risk, operational security risk, and financial risk. We identify the issues that matter, work through remediable weaknesses where the mandate allows, and produce an independent report that counterparties, regulators, auditors, and risk committees can rely on.
Every report is written from an independent standpoint, without protocol affiliation. Issuers can share a credible diligence asset; non-issuers can rely on a view that is not shaped by the asset's own marketing.
Manual review, targeted testing, AI-assisted vulnerability discovery, and formal verification where critical invariants need stronger assurance.
Assessment of admin roles, signer arrangements, upgrade paths, governance controls, incident readiness, monitoring, and other operational dependencies.
Reserve evidence, collateral support, redemption design, liquidity depth, concentration, counterparty exposure, and stress scenarios evaluated for institutional use.
Each Meridion Risk assessment separates smart contract security risk, operational security risk, and financial risk. The final conclusion shows how those domains interact and how strong the supporting evidence is.
Senior reviewers examine deployed or near-live contracts, protocol logic, access-control design, dependency risk, and exploitability of identified findings.
Critical invariants and state transitions can be verified using formal methods where the system requires stronger assurance than conventional review alone.
Admin keys, multisigs, upgrade authority, minting rights, pausing powers, governance paths, and emergency controls are mapped to the real control environment.
Monitoring, incident response, signer management, operational attestations, and disclosure quality are assessed where they affect holder or counterparty risk.
Reserve evidence, collateral ratios, treasury positions, issuer obligations, counterparty exposure, and redemption mechanics are reviewed for economic resilience.
Market depth, exit capacity, peg resilience, concentration, redemption queues, oracle dependencies, and adverse scenarios are modelled against realistic use cases.
Whether you issue the asset or evaluate it for listing, custody, treasury, collateral, or integration, you need a risk profile serious counterparties can trust.
Bridge on-chain mechanics to off-chain regulatory scrutiny with a report built for both audiences.
Substantiate reserve integrity and peg resilience to counterparties who won't take your word for it.
Resolve residual smart contract, operational, and financial risk questions in a single engagement.
Support listing review with a clear view of smart contract, operational, liquidity, and reserve-related risk.
Issuers use Meridion Risk to prepare an asset for institutional review and publish a credible diligence reference. CEXs, venues, funds, custodians, protocols, and allocators use Meridion Risk to decide whether a live asset is suitable for listing, custody, collateral, treasury, or integration exposure.
For teams building or already operating an asset who want a report they can share with exchanges, custodians, allocators, and internal risk teams.
For centralized exchanges (CEXs), venues, funds, custodians, protocols, and allocators evaluating whether a live asset is suitable for listing, treasury use, collateral acceptance, custody, or integration.
Whether you are an issuer trying to express your risk profile to exchanges, investors and regulators or a non-issuer who wants to understand a digital asset fully before investing it or listing it.
Scope your Risk Assessment Now
Wondering what the process looks like in detail? See the path for
(i) issuers preparing an asset for institutional review
(ii) CEXs, venues, funds, custodians, and institutional users evaluating live assets
