Settlement Integrity Institute

SIITARS


Transaction Assurance Readiness Score

The market needed a way to know which platforms were truly ready. SII—TARS is the answer — five domains, one hundred points, a single certifiable verdict the market can trust.

5 Scored Domains
100 Point Composite
5 Certification Tiers
v1.0 April 2026

Aligned with the IMF, BIS, FSB, and IOSCO frameworks for tokenized value assurance.

The Mandate

Built on the global architecture


The IMF, BIS, FSB, and IOSCO have spent years defining the risks of the tokenized value era. What the market was missing was an instrument that turns those definitions into a score. SII-TARS is that instrument.

IMF — Tokenized Finance

"Tokenization is not merely a technology upgrade — it is a fundamental reconfiguration of how trust, settlement, and risk management are organized in the financial system."

Tobias Adrian, Financial Counsellor & Director, Monetary and Capital Markets — April 2, 2026

BIS — Project Agorá

Seven central banks. Forty-one private institutions. Testing atomic settlement of tokenized money on a unified ledger. Phase 1 report due H1 2026.

Bank for International Settlements — Live prototype, 2026

FSB — Financial Stability Implications of Tokenisation

Five vulnerability categories identified: liquidity mismatch, leverage, asset price quality, interconnectedness, operational fragilities. Settlement assets must meet PFMI standards to scale.

Financial Stability Board — October 2024

IOSCO — Tokenization of Financial Assets

"Same activity, same risk, same regulatory outcomes." Technology-neutral, outcomes-focused. Settlement finality and interoperability as primary risk vectors.

International Organization of Securities Commissions — November 2025


The mandate has been defined by the world’s leading financial bodies.
SII-TARS puts it to work.


Scoring Architecture

Five domains. One hundred points.


Each domain was built in direct correspondence with the IMF’s Five Pillars and the BIS/FSB risk taxonomy. Every point is earned against a defined rubric — so the score means something the market can actually rely on.

I

Settlement Integrity

IMF Pillar 1 · BIS PFMI · Project Agorá

25 pts
  • Settlement asset quality10 pts
  • Atomic settlement capability (DvP / PvP)7 pts
  • Settlement failure recovery protocols5 pts
  • Netting and liquidity buffer adequacy3 pts
II

Legal & Regulatory Readiness

IMF Pillar 3 · IOSCO Rec. 1 · CLARITY Act

20 pts
  • Jurisdictional legal certainty7 pts
  • Regulatory registration and licensing5 pts
  • AML / KYC / CFT embedded compliance5 pts
  • Smart contract legal standing & override3 pts
III

Operational Resilience

FSB Operational Fragilities · BIS CPMI Cyber Resilience · IOSCO Rec. 5

20 pts
  • Cybersecurity architecture and controls7 pts
  • Smart contract audit trail & governance5 pts
  • Third-party / oracle dependency management5 pts
  • Business continuity and recovery objectives3 pts
IV

Interoperability & Governance

IMF Pillar 4 · FSB Interconnectedness · IOSCO Rec. 3

20 pts
  • Cross-chain / cross-platform interoperability7 pts
  • Governance structure & conflict-of-interest controls6 pts
  • Concentration and systemic risk management4 pts
  • Data standardization and reporting transparency3 pts
V

Asset Integrity & Valuation Assurance

FSB Asset Price & Quality · IMF Fragmentation · IOSCO Rec. 4

15 pts
  • Reference asset quality and backing transparency6 pts
  • Oracle reliability and price discovery integrity4 pts
  • Token-to-asset peg stability & redemption assurance3 pts
  • Disclosure and investor protection standards2 pts

Certification

Five tiers. One verdict.


Every SII-TARS assessment concludes with a dated, versioned certification report — a document the market can reference with confidence. Scores are valid for twelve months, because trust is not a fixed state.

90 — 100

SII-TARS CERTIFIED

Institutional Grade

Full compliance across all five domains. Eligible for registry publication and institutional endorsement.

75 — 89

SII-TARS QUALIFIED

Compliant with Conditions

Strong foundational readiness. Identified gaps require remediation within the certification period.

60 — 74

SII-TARS CONDITIONAL

Material Gaps Identified

Operational capability demonstrated. Specific domain deficiencies require structured remediation plans.

40 — 59

SII-TARS DEFERRED

Significant Remediation Required

Foundational gaps across multiple domains. Reassessment eligible after documented remediation program.

0 — 39

SII-TARS DECLINED

Not Ready for Regulated Markets

Material deficiencies present systemic risk. Not eligible for certification in current state.

Assessment Process

Rigorous by design


SII-TARS is technology-neutral, outcomes-focused, and jurisdiction-aware. The process is defined, transparent, and the same for every entity that walks through it — because the integrity of the verdict depends on the integrity of the process.

  1. 01

    Documentation Review

    Applicant submits technical architecture, legal opinions, audit reports, and governance documentation across all five domains.

  2. 02

    Analyst Evaluation

    SII analysts score each sub-factor against a standardized rubric. No estimation — every point is earned against defined criteria.

  3. 03

    Composite Scoring

    Weighted domain scores are summed to produce the 0–100 composite. Sub-factor breakdowns are provided in full.

  4. 04

    Rating Assignment

    Composite score determines certification tier. SII issues a dated, versioned SII-TARS Assessment Report.

  5. 05

    Registry Publication

    Certified entities are listed in the SII Public Registry. The registry is the market's reference for institutional-grade tokenized platforms.

  6. 06

    Annual Recertification

    Scores are valid for twelve months. Material platform changes trigger immediate reassessment.

  7. 07

    Framework Versioning

    SII-TARS is publicly versioned. Updates are announced, documented, and tracked. The standard evolves with the market it governs.

Public Registry

Every entity listed in The Registry earned its place. That’s what makes it the market’s reference for tokenized value assurance — not a directory, not a membership list. A record of what has been verified.

View the Registry → Begin Assessment Inquiry

"The infrastructure of trust for tokenized value settlement."