Empowering Professional Investment with Rating Solutions, Risk Reports & Tokenized Equity
Sign up to our newsletter to receive the latest ratings, updates, and news.
Due Diligence Expertise in the Crypto Market
Empowering Professional Investment with Rating Solutions, Risk Reports & Tokenized Equity
Sign up to our newsletter to receive the latest ratings, updates, and news.
Rating
Alethena rates blockchain and crypto ventures based on public and private data according to its due diligence methodology to foster demonstration of transparency and viability towards investors, clients, and partners.
Risk Report
Alethena evaluates blockchain and crypto ventures based on public data according to its due diligence methodology to help clients to make informed decisions on investing in or engaging with complex startup projects by providing a thorough due diligence and independent high-quality opinion.
Tokenized Equity
Alethena tokenized its entire share capital. The solution represents a legal relationship in which the holders of tokens are endowed with enforceable rights (voting and/or dividend rights) by holding the corresponding tokens. Tokenized shares thus bridge the gap between the existing law doctrine and the progressive blockchain technology.
News & Media
Top 16 Cryptocurrency Assessment
January 2019, as per coinmarketcap.com – 10 Jan 2019
We present the Alethena January Top 16 Cryptocurrency edition. Crypto winter is upon many cryptocurrencies and therefore market capitalisation has shifted the positions within the top 16 cryptocurrencies. We can thus welcome one re-joiner: NEO. Read more on Medium
1 - 8
| # | Currency | Description | Assessement | Jan 2019 | Outlook | |
| 1 |  |
Bitcoin | First mover, mother chain, and inception-trigger of cryptocurrency hype | + Large network + First mover advantage – Technical scalability – Sustainability of consensus mechanism questionable |
Investment Grade | Stable |
| 2 |  |
Ethereum | Bitcoin 2.0, smart contracts, and decentralised world computer | + First to enable full scripting + Constantinople hard fork live on Rinkeby testnet + Native blockchain for ICOs – Technical scalability – Delayed development progress (Casper) |
Investment Grade | Stable |
| 3 |  |
XRP | Business-focused, global payments network, and not mineable | + Real-world use cases + Optimised for payments – Centralised governance – Pre-mined token distribution |
Non-Investment Grade | Positive |
| 4 |  |
Bitcoin Cash | Bitcoin fork, lower fees, and larger block size | + Bitcoin-variant + Merchandise-friendly – Lack of real-world use cases – Sustainability of consensus mechanism questionable |
Non-Investment Grade | Stable |
| 5 |  |
EOS | DApps, scalability, and delegated proof-of-stake | + Next-generation blockchain + Fast execution and more sustainable consensus mechanism – Lack of real-world use cases and few active accounts – Block producer gains potentially at risk |
Investment Grade | Negative |
| 6 |  |
Stellar | FBA algorithm, fast transaction processing, and tiny fees | + Fast execution of transactions + Low fees – Mass adoption is lagging – High overhead costs for node running |
Non-Investment Grade | Positive |
| 7 |  |
Litecoin | Bitcoin Core fork, script-hashing, and 2.5min block generation time | + Speed and low transaction commissions + Offers ‘private’ transactions – Missing real-world use cases – Enhanced scalability but still limited |
Investment Grade | Negative |
| 8 |  |
TRON | Decentralised web content platform, data liberation, and high throughput | + New generation blockchain + Smart contract environment + Mainnet launched + Further use cases live (e.g. BitTorrent) – Semi-centralised governance structure – Blockchain flexibility limited |
Investment Grade | Stable |
9 - 16
| # | Currency | Description | Assessement | Jan 2019 | Outlook | |
| 9 |  |
Tether | USD-backed, stable coin, and not mineable | + Asset-backed + Low volatility – 1:1 backing not assured – Not accepted as legal tender |
Non-Investment Grade | Negative |
| 10 |  |
Bitcoin SV | Bitcoin Cash fork, Satoshi Nakamoto follower, and 128MB sized blocks | + Increased scalability + Original Bitcoin protocol evangelist – Lack of real-world use cases – Sustainability of consensus mechanism questionable – Hash war with Bitcoin Cash |
Non-Investment Grade | Stable |
| 11 |  |
Cardano | Proof-of-stake, academically driven with focus on security, and scalability | + Sustainable consensus mechanism + Next-generation blockchain with smart community – Real-world use cases missing – Visionary but moving relatively slowly – Foundation governance at risk |
Investment Grade | Negative |
| 12 |  |
IOTA | Non-blockchain-based DLT, directed acyclic graph, and unlimited scalability | + Technical scalability + Zero transaction fees (theoretical) + Integration with Ledger hardware wallet – Coordinator node – Foundation governance at risk |
Investment Grade | Stable |
| 13 |  |
Monero | Darknet currency, super private, and untraceable | + Anonymity + Data privacy – Negative reputation – Enhanced scalability but still limited |
Non-Investment Grade | Stable |
| 14 |  |
Binance Coin | Native token for Binance ecosystem, ERC-20 standard, and utility token | + Applied for fiat-to-crypto license + Fast and effective crypto-to-crypto execution – Opaque incentive structure – Platform involves initial learning curve |
Non-Investment Grade | Positive |
| 15 |  |
Dash | Digital cASH, Bitcoin fork, and transaction speed | + Transaction speed + 51%-attack resistance given through high collateral – High collateral leads to less master nodes – Real-world adoption missing |
Investment Grade | Stable |
| 16 |  |
NEO | Chinese Ethereum, Turing-complete smart contracts, and dBFT consensus mechanism | + Sustainable consensus mechanism + Real-world use cases + Smart contract environment – Relatively centralised governance – Low international audience |
Investment Grade | Stable |
Top 16 Cryptocurrency Assessment
January 2019, as per coinmarketcap.com – 10 Jan 2019
We present the Alethena January Top 16 Cryptocurrency edition. Crypto winter is upon many cryptocurrencies and therefore market capitalisation has shifted the positions within the top 16 cryptocurrencies. We can thus welcome one re-joiner: NEO. Read more on Medium
1 - 8
| # | Currency | Jan 2019 | Outlook | |
| 1 | |
Bitcoin | Investment Grade | Stable |
| 2 | |
Ethereum | Investment Grade | Stable |
| 3 | |
XRP | Non-Investment Grade | Positive |
| 4 | |
Bitcoin Cash | Non-Investment Grade | Stable |
| 5 | |
EOS | Investment Grade | Negative |
| 6 | |
Stellar | Non-Investment Grade | Positive |
| 7 | |
Litecoin | Investment Grade | Negative |
| 8 | |
TRON | Investment Grade | Stable |
9 - 16
| # | Currency | Jan 2019 | Outlook | |
| 9 | |
Tether | Non-Investment Grade | Negative |
| 10 | |
Bitcoin SV | Non-Investment Grade | Stable |
| 11 | |
Cardano | Investment Grade | Negative |
| 12 | |
IOTA | Investment Grade | Stable |
| 13 | |
Monero | Non-Investment Grade | Stable |
| 14 | |
Binance Coin | Non-Investment Grade | Positive |
| 15 | |
Dash | Investment Grade | Stable |
| 16 | |
NEO | Investment Grade | Stable |
Testimonials
Thorsten Hens
Professor of Financial Economics, University of Zurich; Alethena Advisor
“What I like about Alethena is that it uses a bottom-up approach, based on ratings instead of imposing regulation top-down.”
Giuseppe Rapallo
Managing Director at Tiberius Asset Management AG, CEO of Tiberius Crypto AG; Alethena Rated Project
“I experienced Alethena, unlike others, being really independent and professional. The rating we received is thorough, objective, and fair.”
Philipp Toth
Founder & CEO Blockchain Applications AG (heymate); Alethena Rated Project
“The 100% independent and structured Alethena rating approach across several matrixes is game-changing: it does not only give investors a great insight on which operational parameters are performing well – but it gives also the founders a guide on what to focus next!”
Andrea-Franco Stöhr
Co-Founder & CEO Crypto Finance Conference; Alethena Partner
“ […] Alethena requires more information from the ICOs and provides a clear and objective analysis of the full potential of the project. The partnership with Alethena will definitely add more value for our participants.”
Luzius Meisser
Founder of Wuala & Meisser Economics, Founder of the Bitcoin Association Switzerland; Alethena Advisor
“Alethena is the right idea at the right time.”
About Alethena
Alethena is the first Swiss STO and Blockchain-Asset Rating Agency and Due Diligence Service Provider.
With deep technical insight, vast financial market experience, and a conclusive rating methodology, Alethena bridges the gap between blockchain and established investors. As a Swiss company neutrality is a core of our culture.
The independent, objective, and neutral due diligence and rating methodology entails 4 dimensions, broken down into 17 clusters and more than 70 factors ranging from legal to smart contract security.
