Regulated Markets, Unified Listings
The Global Regulated Asset & Digital Exchange Alliance (GRADE) is the first venue‑led network to harmonize cross‑border listings for tokenized assets.
Regulated Markets,
Unified Listings
The Global Regulated Asset & Digital Exchange Alliance (GRADE) is the first venue‑led network to harmonize cross‑border listings for tokenized assets.
Alliance Founding Members
Alliance Founding Members
About the GRADE Alliance
The Global Regulated Asset & Digital Exchange Alliance (GRADE) is an invite-only coalition of regulated trading venues, custodians, and market participants working to simplify cross‑border listings for tokenized financial instruments. GRADE coordinates a single issuer intake, generates venue‑specific eligibility outcomes, and distributes continuous, event‑driven updates – improving comparability and speed while preserving venue autonomy. Our purpose is practical: lower friction, faster time‑to‑listing, better market quality, and a common information baseline that adapts as regulations evolve.
About the GRADE Alliance
The Global Regulated Asset & Digital Exchange Alliance (GRADE) is an invite-only coalition of regulated trading venues, custodians, and market participants working to simplify cross‑border listings for tokenized financial instruments. GRADE coordinates a single issuer intake, generates venue‑specific eligibility outcomes, and distributes continuous, event‑driven updates - improving comparability and speed while preserving venue autonomy. Our purpose is practical: lower friction, faster time‑to‑listing, better market quality, and a common information baseline that adapts as regulations evolve.
“GRADE is more than an alliance – it’s a venue‑led standard shaping the regulated backbone of tokenized markets. By harmonizing cross‑border listings and keeping eligibility current, we’re laying the groundwork for faster decisions, clearer signals, and scalable, high‑quality market access.”
Timm Reinsdorf, Co-Founder & CEO at Particula, Founding Member of GRADE
"GRADE is more than an alliance - it’s a venue‑led standard shaping the regulated backbone of tokenized markets. By harmonizing cross‑border listings and keeping eligibility current, we’re laying the groundwork for faster decisions, clearer signals, and scalable, high‑quality market access."
Timm Reinsdorf, Co-Founder & CEO at Particula, Founding Member of GRADE
Our Mission
We align regulated venues and market infrastructure around a shared baseline for listings and the rails to make it work in production.
Our Mission
We align regulated venues and market infrastructure around a shared baseline for listings and the rails to make it work in production.
Standardize Once, Decide Locally
Create a common information baseline for tokenized asset listings so issuers submit once, venues receive comparable eligibility profiles, and each market retains full policy control and final decisions.
Enable continuous, event‑driven eligibility through lightweight attestations and shared signals, so cross‑listed assets stay synchronized and comparable without re‑opening full reviews.
Keep Eligibility Current Globally
Improve Market Quality and Access
Foster trusted, regulated market infrastructure and transparency that support better liquidity, clearer investor signals, and scalable cross‑border access for high‑quality tokenized assets.
Standardize Once, Decide Locally
Keep Eligibility Current Globally
Improve Market Quality and Access
Build for Institutions
GRADE is built for regulated market participants shaping the standards, infrastructure, and quality of tokenized financial markets.
Regulated Venues
Issuers of Tokenized Assets
Licensed Custodians
Market Makers & Liquidity Providers
Institutional Investors
Built for Institutions
GRADE is built for regulated market participants shaping the standards, infrastructure, and quality of tokenized financial markets.
Regulated Venues
Issuers of Tokenized Assets
Licensed Custodians
Market Makers & Liquidity Providers
Institutional Investors
How the Alliance Creates Value
By unifying issuer intake and synchronizing eligibility signals, the Alliance shortens time‑to‑listing, enhances comparability, and supports better liquidity for cross‑listed assets.
Single Intake. Venue‑Specific Outcomes
Issuers submit once to Particula. Venues receive eligibility profiles mapped to their policies – with documented conditions and evidence – reducing back‑and‑forth and time‑to‑listing.
Regulated Rails and Liquidity Support
Hydra X provides licensed custody, DvP settlement, and node operations; a neutral liquidity program can support newly cross‑listed assets to improve price discovery and depth.
Continuous, Event‑Driven Updates
Material changes, disclosures, governance, proof‑of‑reserves, liquidity are published as lightweight attestations. Venues stay synchronized without re‑opening full reviews.
How the Alliance Creates Value
By unifying issuer intake and synchronizing eligibility signals, the Alliance shortens time‑to‑listing, enhances comparability, and supports better liquidity for cross‑listed assets.
Single Intake. Venue‑Specific Outcomes
Issuers submit once to Particula. Venues receive eligibility profiles mapped to their policies - with documented conditions and evidence - reducing back‑and‑forth and time‑to‑listing.
Continuous, Event‑Driven Updates
Material changes, disclosures, governance, proof‑of‑reserves, liquidity are published as lightweight attestations. Venues stay synchronized without re‑opening full reviews.
Regulated Rails and Liquidity Support
Hydra X provides licensed custody, DvP settlement, and node operations; a neutral liquidity program can support newly cross‑listed assets to improve price discovery and depth.
Still Have Questions?
We’re here to guide you through membership, governance, and engagement at GRADE.
Who can join GRADE?
Participation is by invitation for regulated trading venues, licensed custodians, and aligned market participants (issuers, liquidity providers) committed to the GRADE baseline and obligations.
Does GRADE change or override local rules?
No. GRADE standardizes the information required for venue decisions. Each venue retains full policy control and the final say on listings.
How does the single intake work?
Issuers provide one standardized package to Particula. From that submission, venue‑specific eligibility profiles (and conditions) are generated and delivered to relevant venues.
What’s “continuous eligibility”?
Event‑driven updates - on‑chain or via API - signal material changes. Venues subscribe to these signals and apply thresholds without re‑running full reviews.
Is there a cost to join?
Venues participate via membership. Issuer eligibility assessments are fee‑based, with optional continuous monitoring and liquidity support services.
Join the Alliance
GRADE participation is by invitation and reserved for regulated venues, custodians, and market actors shaping compliant tokenized markets.
If your organization is sharing our commitment to clarity, comparability, and scalable market access, request an introduction and help build the standard for cross‑border listings.
Join the Alliance
If your organization is sharing our commitment to clarity, comparability, and scalable market access, request an introduction and help build the standard for cross‑border listings.
The first strategic, venue‑led network for cross‑border listings of tokenized assets.
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