Particula's valuation scope primarily focuses on financial assets, including fixed-income securities and equities. However, our framework is versatile through dynamized underlying asset schemes and can be used for a wide range of asset-backed tokens that are either tokenized or natively issued on-chain. This includes over 20 different asset classes such as environmental assets (e.g., carbon credits, renewable energy certificates, biodiversity credits), commodities (precious metals and rare earths) and real assets (infrastructure, land, real estate). A detailed overview of the asset-backed token categories, that we evaluate can be found in our Particula Digital Asset Classification System (PDACS).

Our scoring system scrutinizes digital assets from two perspectives: as a technical product and as a comprehensive financial asset. Initially, we compile information from the asset issuer, publicly accessible data and trusted third-party sources, aligning them to our proprietary data standard. This encompasses 300 distinct quantitative and qualitative metrics. We then generate a transparency score, gauging the availability of the necessary data for rating. Subsequently, leveraging our large language model, we create additional scores reflecting the asset's technical implementation, compliance, environmental, and economic attributes. Combined with the transparency score, these are translated into a comprehensive risk scoring ranging from AAA (Highest Quality, Minimal Risk) to D (Full Exposure). As we evolve our rating process, we intend to incorporate numeric modifiers (+/-) to deliver a more granular and precise classification. The scoring indicates the quality of the investment instrument and the consequent likelihood of a total loss for the investor. For detailed information, please refer to our analytical approach. 

Our scorings are regularly updated automatically to reflect the latest information and market developments. The frequency of updates depends on the asset type and the availability of new data. On-chain data is updated in real time, while off-chain data or data from the issuer triggers event-based updates. Additionally, ratings are manually checked at least once a month for quality assurance.

Yes, we welcome requests for assessments of specific tokenized assets. If you are an issuer or an investor interested in a particular asset that is not currently assessed on our platform, you can submit a request through our website. Our team will review the request and, if it meets our criteria, we will conduct a comprehensive analysis and rating of the asset.