TVL is not our KPI
TVL – or Total Value Locked – is a popular metric in DeFi because it quantifies how much capital is deposited into a protocol’s smart contracts. But TVL reflects demand for particular assets rather than the health of the infrastructure that issues, distributes, and manages those assets. tokenforge provides the regulated infrastructure for compliant tokenization: we enable issuers to digitize real-world assets, onboard investors, and orchestrate lifecycle events. We don’t control market appetite or determine how much value investors allocate to each token. Measuring TVL would conflate our role with asset performance, obscuring the actual usage of our platform.
KPI 1: Active clients and launched platforms
Instead of tracking locked value, we monitor the number of active clients and the diversity of launched platforms. Each onboarding represents a unique use case – whether real estate, revenue-share instruments, or private equity – bringing distinct asset types and investor communities into our ecosystem. A steady increase in active platforms signals that more organizations trust our compliance, issuance workflows, and investor-management tooling. Over time, this metric reveals not only adoption but also the organic growth of our network’s utility.
KPI 2: Third-party integrations
A healthy ecosystem depends on connections to custodians, payment rails, trustee services, and secondary trading venues. We measure successful integrations with external partners to assess how well tokenforge bridges the gap between tokens and existing financial infrastructure. Each new integration reduces friction for issuers and investors, enriching the end-to-end experience. In practice, the count and quality of these integrations indicate our network’s interoperability.
KPI 3: Average Duration of Issuance (ADI)
The Average Duration of Issuance measures how long clients rely on tokenforge infrastructure per issuance cycle. A longer ADI indicates sustained engagement rather than one-off experiments. It also ties directly into our staking program: issuers stake TKFG tokens during issuance in exchange for fee discounts, typically for the life of their offering. A rising ADI therefore reflects deeper client commitment, enhanced token utility, and greater stability within our staking pool.
KPI 4: Jurisdictional coverage
Tokenization requires adherence to local regulations regarding securities, anti-money-laundering, and know-your-customer processes. We track the number of jurisdictions in which our infrastructure supports compliant issuance and trading. Broader coverage demonstrates our ability to adapt onboarding flows, legal wrappers, and reporting standards for diverse markets. As we expand into new regions, this KPI measures both technical scalability and legal robustness.
KPI 5: Ecosystem activity and cross-platform collaboration
With the upcoming launch of EchoLayer and IRIS, we will monitor how data and demand flow across modules. EchoLayer will provide standardized data feeds and reporting, while IRIS will enable secure identity and compliance services. By measuring cross-platform transactions – such as a token issued on TokenSuite that references data from EchoLayer and utilizes IRIS for onboarding – we can quantify network effects. This composite KPI reveals the extent to which our products function as an integrated, multi-layer ecosystem rather than isolated tools.
By focusing on active clients, partner integrations, issuance duration, jurisdictional breadth, and cross-platform activity, tokenforge gains a clear view of real-world adoption and ecosystem depth. These KPIs capture the regulated foundation we build for the Digital Asset Industry – emphasizing durability, compliance, and connectivity over transient capital inflows. In doing so, we ensure that our infrastructure continues to support long-term value creation across markets, asset classes, and geographies.
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Tokenization as a Catalyst, Not a Purpose
