Metrika

• Name: Metrika
• URL: https://www.metrika.co/
• Category: institutional digital-asset risk-management platform / risk-scoring infrastructure / compliance-and-governance monitoring
• Summary: Metrika turns crypto risk into institutional scorecards, monitoring outputs, and governance language. The useful read is not analytics company. It is a translation layer that packages market, smart-contract, governance, and operational risk into forms compliance teams, allocators, and supervisors can actually use.
• What it does:
  • Provides digital-asset risk monitoring for custodians, exchanges, tokenization and stablecoin issuers, rating agencies, and regulators
  • Publishes the Metrika Asset Risk Score (MARS) as a standardized scoring framework for stablecoin and tokenized-asset risk
  • Produces broader institutional frameworks such as Integrated Composability Risk (ICR) with Chartis Research
  • Writes incident and post-mortem analysis around chain and sequencer failures to show what ongoing operational-risk monitoring should look like
  • Positions itself as connective tissue between blockchain-native risk signals and existing GRC, compliance, and reporting systems
• Key claims:
  • The homepage explicitly targets institutional oversight loops rather than retail dashboards, with customer framing around custodians, issuers, rating agencies, and supervisors
  • The MARS framework claims to quantify the probability of stability breaches and catastrophic events using market, onchain, operational, and governance data plus external adjustments
  • The ICR collaboration material makes the real ambition clear: Metrika wants to define reusable institutional language for digital-asset composability and operational risk
  • Policy-facing materials argue that tokenized securities and stablecoins need dedicated real-time monitoring and blockchain-specific operational controls rather than generic TradFi reporting alone
  • Incident writeups such as the Base sequencer post-mortem show the operating style: convert messy chain events into a KRIs-and-governance frame institutions can reuse
• Whitepaper: No canonical standalone Metrika whitepaper surfaced in this pass. The strongest primary materials were the official site, MARS framework page, Chartis/Metrika ICR announcement, SEC-submission summary, and incident-monitoring posts; see ../whitepapers/metrika-primary-sources-2026-05-07.md.
• Sources:
  • https://www.metrika.co/
  • https://www.metrika.co/mars
  • https://www.metrika.co/blog/chartis-research-metrika-integrated-composability-risk
  • https://www.metrika.co/blog/chartis-metrika-tokenization-paper
  • https://www.metrika.co/blog/metrikas-submission-to-the-sec-crypto-task
  • https://www.metrika.co/blog/post-mortem-base
  • https://www.metrika.co/blog/metrika-2025-year-in-review

Internal linkages

• Best public-risk peers: onchain-risk-map and defisafety.

Control surface

• The leverage sits in score design, category weighting, monitoring thresholds, and which incidents or asset classes get translated into institution-friendly risk language.

• This is not neutral plumbing. Once committees start using the outputs, Metrika helps decide what counts as visible crypto risk in the first place.

• Last reviewed: 2026-05-27 UTC