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The leading risk management platform for digital assets ๐Ÿš€

Joined September 2020
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At the start of #Consensus2025 by @CoinDesk in #Toronto ๐Ÿ‡จ๐Ÿ‡ฆ, we're excited to share a major milestone for @metrikaco and the future of tokenized finance. Weโ€™ve successfully completed a proof-of-concept with @SPGlobalRatings to develop a real-time risk framework for evaluating #tokenized assets across multiple blockchains, with a focus on a tokenized money market fund. Read more: blog.metrika.co/metrika-and-โ€ฆ
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Nikos Andrikogiannopoulos added that tokenized assets carry larger shares of operational and technology risk than traditional instruments. Current risk frameworks arenโ€™t built for this speed and complexity. Institutions need new ways to assess and manage these evolving risks.
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As traditional finance meets blockchain, risk is being reshaped. At the #HackenTRUSTSummit, leaders from @moodysratings, @metrikaco, @jpmorgan, @Citi, and @A100x_Ventures shared how tech, credit, and cyber risk are evolving and what it takes to build trust in tokenized finance. Please note: The views shared by the speakers reflect their personal insights, not necessarily those of their affiliated organizations.
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We're honored to be named to the Chartis Research ๐‘๐ข๐ฌ๐ค๐“๐ž๐œ๐ก๐Ÿ๐ŸŽ๐ŸŽยฎ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” as a '๐Ž๐ง๐ž๐ฌ ๐ญ๐จ ๐–๐š๐ญ๐œ๐ก' in the newly established ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐€๐ฌ๐ฌ๐ž๐ญ ๐ƒ๐š๐ญ๐š ๐š๐ง๐ ๐‘๐ข๐ฌ๐ค ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ category. The #RiskTech100 โ€” alongside companies like Moody's Corporation, S&P Global, ServiceNow, Nasdaq, Bloomberg, FIS and many others โ€” is widely regarded as one of the most comprehensive independent assessments in global #RiskTech. The introduction of this dedicated digital asset category signals a pivotal moment: traditional finance now recognizes that #DigitalAssets require specialized Risk Management frameworks. This recognition validates our mission to bring institutional-grade rigor to digital asset #RiskManagement.
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๐–๐ก๐š๐ญ ๐‘๐ž๐š๐ฅ๐ฅ๐ฒ ๐‡๐š๐ฉ๐ฉ๐ž๐ง๐ž๐ ๐จ๐ง ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ'๐ฌ โ€œ๐๐ฅ๐š๐œ๐ค ๐…๐ซ๐ข๐๐š๐ฒโ€ On Friday, October 10, major tariff news triggered a market sell-off that exposed something critical about #Layer2 infrastructure. Within hours, forced liquidations flooded #Ethereum, spiking transaction fees from under $1 to over $100. That congestion created a data availability bottleneck that propagated across #Base, #Arbitrum, and #Optimism simultaneously. ๐“๐ก๐ž ๐๐ฎ๐ฆ๐›๐ž๐ซ๐ฌ: Base finalization times: ~14 mins โ†’ 30-50 mins Optimism finalization times: ~16 min โ†’ 90+ min Arbitrum: Similar degradation, stretching above 70 mins Across all three, finalization-time spikes tightly correlate with L1 gas and blob-fee anomalies, suggesting that L1 congestion amplified each networkโ€™s internal load. While no major outages occurred and sequencers continued producing blocks, settlement reliability degraded significantly. ๐–๐ก๐ฒ ๐“๐ก๐ข๐ฌ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ ๐Ÿ๐จ๐ซ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: This wasn't a failure, it was designed behavior under stress. However, for financial institutions integrating with L2s, it reveals something crucial: โœ“ Operational controls aren't optional โœ“ Finality โ‰  Uptime โœ“ Shared infrastructure = Correlated risk ๐“๐ก๐ž ๐‘๐ข๐ฌ๐ค ๐Œ๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐  ๐‹๐ž๐ฌ๐ฌ๐จ๐ง: Macro shocks don't just move prices. They can propagate into settlement layers. Ethereum fee spikes should be treated as settlement-risk events, with real-time monitoring integrated into institutional risk frameworks. At Metrika, our platform surfaced this episode through finalization time tracking, blob posting analysis, and L1 fee correlation. Exactly the kind of observability financial institutions need as they scale on-chain. #DigitalAssets #RiskManagement #Ethereum #L1 #Layer1 #L2 #Blockchain #FinancialServices
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๐Ÿšจ ๐—ฃ๐—ผ๐˜€๐˜ ๐— ๐—ผ๐—ฟ๐˜๐—ฒ๐—บ: ๐—ฃ๐—ผ๐—น๐˜†๐—ด๐—ผ๐—ป ๐—ฃ๐—ผ๐—ฆ ๐—™๐—ถ๐—ป๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—œ๐—ป๐—ฐ๐—ถ๐—ฑ๐—ฒ๐—ป๐˜ - ๐—ฆ๐—ฒ๐—ฝ๐˜๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿญ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฑ The recent @0xPolygon network incident serves as a critical reminder for financial institutions about blockchain risk monitoring. ๐—ช๐—ต๐—ฎ๐˜ ๐—›๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ฒ๐—ฑ: โ€ขย Transaction finality delays of between 15 minutes and up to 1 hour in transaction finality โ€ขย A consensus milestone bug affected #Bor block producer and #Heimdall implementation โ€ขย Emergency hard fork deployed hours after to resolve the issue โ€ขย Exchanges, DeFi protocols, and dApps requiring instant finality had to halt operations ๐—›๐—ผ๐˜„ ๐— ๐—ฒ๐˜๐—ฟ๐—ถ๐—ธ๐—ฎ ๐——๐—ฒ๐˜๐—ฒ๐—ฐ๐˜๐—ฒ๐—ฑ ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฎ๐—น ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜: While standard uptime monitoring showed the chain as "operational," the Metrika platform captured critical signals: โœ… Finalization Time: Spiked to almost 1 hour โœ… Block Interval Time: Nearly doubled with high volatility ๐—ž๐—ฒ๐˜† ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜† ๐—ณ๐—ผ๐—ฟ ๐—œ๐—ป๐˜€๐˜๐—ถ๐˜๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€: Finalityโ€”the assurance that transactions are irreversibleโ€”is critical for safeguarding against risks like double-spending or transaction rollbacks. Delays in finality can impact settlement reliability, liquidity management, and customer trust. Standard "uptime" metrics aren't enough. Financial institutions need: ๐Ÿ” Real-time consensus behavior monitoring โš ๏ธ Robust alerting for finality deviations โธ๏ธ Ability to pause operations when finalization times exceed norms This incident highlights why comprehensive blockchain risk monitoring goes beyond basic network status checks. When settlement reliability and customer trust are on the line, you need visibility into the metrics that truly matter. Read more in in our blog post below๐Ÿ‘‡ #BlockchainRisk #FinTech #Polygon #RiskManagement #DeFi
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๐Ÿ” ๐—•๐—ฎ๐˜€๐—ฒ ๐—ก๐—ฒ๐˜๐˜„๐—ผ๐—ฟ๐—ธ'๐˜€ "๐Ÿฏ๐Ÿฏ-๐— ๐—ถ๐—ป๐˜‚๐˜๐—ฒ ๐—ข๐˜‚๐˜๐—ฎ๐—ด๐—ฒ" - ๐—ช๐—ต๐—ฎ๐˜ ๐—ฅ๐—ฒ๐—ฎ๐—น๐—น๐˜† ๐—›๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ฒ๐—ฑ? On Aug. 5th, Base's status page reported a "halted block production" issue for 33 minutes. But here's what most monitoring missed: The chain never actually stopped. Blocks continued every ~2 seconds as normal. The real issue? Blocks were empty of user transactions due to a sequencer failover bug in the OP Stack's Conductor system. ๐—ช๐—ต๐˜† ๐—ง๐—ต๐—ถ๐˜€ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฅ๐—ถ๐˜€๐—ธ ๐— ๐—ผ๐—ป๐—ถ๐˜๐—ผ๐—ฟ๐—ถ๐—ป๐—ด Although basic uptime tools indicated "100% availability," users were unable to transact. This is exactly why comprehensive risk monitoring beats binary status checks. At Metrika, our platform immediately flagged the real impact through ๐Ÿฏ ๐—ž๐—ฒ๐˜† ๐—ฅ๐—ถ๐˜€๐—ธ ๐—œ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ผ๐—ฟ๐˜€: ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฃ๐—ฒ๐—ฟ ๐—ฆ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ โ†’ collapsed to near zero ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฃ๐—ฒ๐—ฟ ๐—•๐—น๐—ผ๐—ฐ๐—ธ โ†’ dropped to system-only ๐—•๐—น๐—ผ๐—ฐ๐—ธ ๐—ฆ๐—ฝ๐—ฎ๐—ฐ๐—ฒ ๐—จ๐˜๐—ถ๐—น๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป โ†’ fell to minimal levels ๐—ง๐—ต๐—ฒ ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜†: "๐—จ๐—ฝ๐˜๐—ถ๐—บ๐—ฒ" โ‰  "๐—จ๐˜€๐—ฒ๐—ฟ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜" Real-time network health monitoring that tracks actual transaction flow would have instantly alerted teams to the user-facing problem, not just chain status. This was Base's second major incident since 2023, highlighting why Layer 2 networks need monitoring that goes beyond surface-level metrics. Read more in in our post-mortem blog post below๐Ÿ‘‡ #DigitalAsset #RiskManagement #Metrika #Base #Blockchain #RiskMonitoring #Layer2
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๐Ÿšจ Policy in Motion: @metrikaco Responds to United States Senate Request for Information on #DigitalAssets #MarketStructure Last month, the United States Senate Committee on Banking, Housing, and Urban Affairs, led by Senators @SenatorTimScott, @SenLummis, @SenatorHagerty, and @berniemoreno, released a Request for Information (RFI) as part of their ongoing effort to shape comprehensive digital asset legislation. Today, we're proud to share that Metrika has formally submitted its response to the RFI, offering policy recommendations grounded in our deep expertise in blockchain risk monitoring, stablecoin transparency, and tokenized asset oversight. In our submission, we: โœ… Support clarity around ancillary assets, with guardrails for investor protection โœ… Recommend daily proof-of-reserve disclosures for custodians โœ… Call for tailored DeFi exemptions with embedded risk metrics โœ… Propose regulatory sandbox structures with real-time risk dashboards โœ… Emphasize operational standards for tokenization and interoperability We believe building a safe, transparent digital asset ecosystem requires more than market optimism, it demands technical standards, risk data, and real-time visibility. Weโ€™re honored to contribute to this critical policy dialogue and stand ready to support regulators, lawmakers, and industry partners in shaping the future of digital finance. #RiskManagement #DigitalAsset #CryptoPolicy #Stablecoins #DeFi #Metrika #Tokenization #SenateBankingCommittee #DigitalFinance
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๐Ÿ“Š 2024 in Review: Partnerships & Progress at #Metrika Highlights: - Built trust in public blockchains with @EYnews - Partnered with @ZodiaCustody at the @pointzeroforum - Supported #Ethereumโ€™s #Dencun upgrade - Shared insights on #DeFi #Risks with the U.S. @CFTC - Explored #interoperability with @axelar, @Citi, @DeutscheBank, @NorthernTrust and @centrifuge - Hosted leaders from #EY #ZodiaCustody and @galaxyhq at our #London roundtable on digital asset risk management - Engaged Asia ecosystem at @gftnforum_jp (formerly #JapanFintechFestival) Through it all, Metrika remains focused on advancing #DigitalAsset #RiskManagementโ€”navigating risks, driving innovation & scaling #blockchain. ๐Ÿ‘‰ Full recap here: blog.metrika.co/metrikas-202โ€ฆ Thank you to our partners, customers & team. Onward to 2025! ๐Ÿš€
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I really enjoyed this conversation! We covered how institutions are approaching the space and discussed the recent Institutional Interoperability report by @axelar and @metrikaco, which @Mastercard contributed to. Multiple great insights from Martin!
Mastercardโ€™s Martin Etheridge went in-depth with Axelar protocol co-founder @yorgosv_ on the path to interoperability between institutional systems and public blockchains. Tldr: It's not easy, but the opportunity is apparent ๐Ÿ‘‡๐Ÿงต
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We're thrilled to announce our partnership with @metrikaco, a leading risk management platform for digital assets
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