City skyline at dusk, featuring lit skyscrapers and the Chrysler Building. A vibrant sunset with orange hues contrasts against a cloudy sky.

Rating Reports

Our comprehensive in-depth reports deliver expert insights into the regulatory, compliance, technology, and economic aspects of diverse digital assets across global jurisdictions.

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.

Rating Reports

Private Credit

Apr 2, 2026

Particula Rating Report: Kairos ($KAI18-1), March 2026

Particula assigns a pre-issuance B+ rating to the Kairos Credit-Enhanced High-Yield Digital Loan Note Token ($KAI18-1) as of March 20, 2026

Rating Reports

Fixed Income

Nov 29, 2025

Particula Rating Report: Anemoy ($JAAA), November 2025

Particula assigns a AAA rating* to the issuance of Janus Henderson Anemoy AAA CLO Fund Token ($JAAA) as of November 5, 2025.

Rating Actions

Fixed Income

Sep 15, 2025

Particula Rating Action: Wellington ($ULTRA), September 2025

Particula has upgraded the rating of the Delta Wellington Ultra Short Treasury On-Chain Fund ($ULTRA) token from AA+ to AAA as of September 14, 2025.*

Rating Reports

Commodities

Jul 22, 2025

Particula Rating Report: Denario ($DSC), July 2025

Particula assigns a BBB+ rating* to the issuance of the $DSC token by Denario as of July 15, 2025.

Rating Reports

Fixed Income

Jul 15, 2025

Particula Rating Report: Nexbridge ($USTBL), April 2025

Particula assigns an A rating* to the issuance of the $USTBL token by NexBridge as of April 2, 2025.

Rating Reports

Fixed Income

Jun 5, 2025

Particula Rating Report: Etherfuse ($CETES), March 2025

Particula assigns a BB rating* to the issuance of the $CETES token by Etherfuse as of March 31, 2025.

Latest News & Insights

View All

Blog

Research Articles

May 13, 2026

Unlocking Multi-Venue Secondary Markets: GRADE Releases Its Issuer-Venue Eligibility Passport Framework

This paper introduces the GRADE Issuer‑Venue Eligibility Passport (“Passport”), a standardized assessment record: a structured, repeatable framework for evaluating issuer‑venue compatibility across legal, technical, operational dimensions.

Obligate Partners Particula for On-Chain Debt Risk Ratings

Blog

Press Releases

Apr 23, 2026

Obligate Partners with Particula to Bring Independent Risk Ratings to On-Chain Debt Capital Markets

The collaboration integrates Particula's institutional-grade risk assessments into Obligate's regulatory-compliant on-chain debt capital markets platform, strengthening transparency and investor confidence for blockchain-based fixed income instruments.

Stablecoins - The New Force in the US Treasury Market » Particula - The Prime Rating Provider for Digital Assets

Blog

Research Articles

Jun 26, 2025

Stablecoins - The New Force in the US Treasury Market

The rapid ascent of USD-pegged stablecoins is quietly transforming the short-term US Treasury market, introducing a new breed of investor whose influence is only set to grow.

View All