How much money institutions invest in crypto largely relies on a few companies that offer ratings, assess risk, and set industry standards. These companies essentially provide the information that guides investment choices.
The ‘Best Digital Asset Ratings & Analytics Provider’ is one of the awards given out by The BeInCrypto Institutional 100. This yearly program highlights top companies in the digital asset space, evaluating them across 26 categories based on six key areas.
These companies are being considered for an award within the Capital Markets & Infrastructure category. This list of 15 firms will be narrowed down to a shortlist in May 2026, and the winner will be revealed at Proof of Talk in Paris on June 2nd and 3rd, 2026.
- Longlist: 15 firms, covering traditional credit rating agencies, specialist benchmark and stablecoin raters, blockchain intelligence with risk scoring, DeFi risk managers and credit raters, and security-and-ratings hybrids
- Candidates screened: Starting pool of more than 30 ratings and analytics providers across the institutional digital asset stack; 15 advanced to this longlist, with 5 additional firms held in the outreach pool
- Scoring (Track C): Editorial quantitative 20%, Expert Council 80%
- Criteria assessed: Coverage and scale, methodological discipline, institutional adoption, regulatory standing, on-chain integration, track record, and market impact
- Sources: Regulator filings (SEC NRSRO register, ESMA CRA register, EU BMR registry, IOSCO compliance statements), firm-published methodologies, oracle integration disclosures, audited financial filings, and private-market data platforms including PitchBook, Tracxn, and Crunchbase, supplemented by mainstream financial press
| # | Firm | Sub-Segment | HQ | Scale Signal | Core Ratings Product | Representative Work |
|---|---|---|---|---|---|---|
| 1 | Moody’s Ratings | TradFi CRA | New York / London | NRSRO and ESMA registered
20+ stablecoins covered |
Stablecoin ratings, DAM, DIRA | Stablecoin methodology launched (2026)
Canton Network node enables on-chain access |
| 2 | S&P Global Ratings | TradFi CRA | New York | NRSRO and ESMA registered
10 stablecoins on SSA scale |
Stablecoin assessments, indices | Chainlink DataLink integration (2025)
On-chain ratings via Base network |
| 3 | Fitch Ratings | TradFi CRA | New York / London | NRSRO registered
Active digital asset research |
Credit research, stablecoin risk | Institutional risk coverage across crypto exposure
Referenced in DeFi lending analysis |
| 4 | Chainalysis | Blockchain Intelligence | New York | $8.6B valuation
1,500+ institutional clients |
KYT risk scoring, investigations | Industry benchmark for transaction risk scoring
Integration with on-chain compliance systems |
| 5 | TRM Labs | Blockchain Intelligence | San Francisco | $1B valuation (2026)
$300M+ assets frozen |
Risk scoring, transaction monitoring | Dynamic risk scoring engine
T3 Financial Crimes Unit partnership |
| 6 | Elliptic | Blockchain Intelligence | London | 1,100+ networks tracked
2B+ labeled addresses |
Risk analytics, screening tools | Stablecoin issuer due diligence framework
Cross-chain analytics coverage |
| 7 | Kaiko | Benchmark Administrator | Paris | EU BMR registered
Clients include CBOE, Gemini |
Reference rates, indices | Regulated crypto benchmark rates
On-chain rate publishing via oracles |
| 8 | Bluechip | Stablecoin Rater | United States | SMIDGE rating framework
A+ to F scale |
Stablecoin safety ratings | Independent stablecoin grading system
Public ratings across major issuers |
| 9 | Particula | Tokenization Rater | Berlin | 200+ risk assessments
On-chain scoring across networks |
Digital Asset Risk Passport | PDARP launched (2026)
Programmable on-chain risk scores |
| 10 | Gauntlet | DeFi Risk Manager | New York | $1B valuation
Compound engagement through 2026 |
Risk modeling, parameter tuning | DeFi risk parameter frameworks
Institutional yield strategy curation |
| 11 | Chaos Labs | DeFi Risk Manager | US / Israel | Multi-protocol coverage
Aave engagement ended 2026 |
Risk-aware oracle systems | Chaos Oracles risk-aware feeds
Protocol-level risk simulations |
| 12 | LlamaRisk | DeFi Risk Manager | Decentralized | Aave primary risk provider
Ethena committee member |
Risk assessments, NAV oracle | LlamaGuard NAV for RWAs
Expanded Aave risk coverage |
| 13 | Credora (RedStone) | DeFi Credit Rater | Global | Live on Morpho, Spark
Oracle-integrated ratings |
Credit scoring, risk analytics | Default-probability rating system
Integrated oracle + rating infrastructure |
| 14 | Exponential.fi | DeFi Rating Platform | United States | A–F rating framework
Published methodology |
Pool-level risk ratings | DeFi pool risk scoring model
Composability-based risk framework |
| 15 | CertiK | Security + Ratings | New York | 5,500+ audits completed
$300B+ assets secured |
Skynet Score, audits, monitoring | Real-time project risk scoring
Cross-chain evaluation system |
About This List
The BeInCrypto Institutional 100 – Ratings & Analytics (2026 Long List) highlights companies that provide evaluations – like ratings, risk scores, and credit assessments – to help institutions invest in digital assets.
Methodology
This category’s score is determined using the BIC 100 methodology’s Track C, which weighs quantitative data at 20% and relies on expert opinions for the remaining 80%.
The evaluation considers six key factors: how widely the project is used, the quality of its methods, how well it’s been integrated into organizations, its legal and regulatory compliance, how it connects to blockchain technology, and its overall effect on the market.
We confirmed the data using official databases, established industry practices, and sources like PitchBook and Tracxn. All numbers represent the latest information available when this was published.
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2026-04-29 02:24