Search public guides, tools, and curriculum pages.

Markets

Follow the exposure. Inspect the rights.

An onchain record does not tell the whole financial story. Explore how assets, obligations, and trading mechanisms fit together.

TCG research overview

Collectible cards

OUR RESEARCH LENS

The five-question framework

01What is the underlying economic exposure?

02What legal or contractual rights exist?

03Who holds the assets and carries the obligations?

04How does the transaction settle?

05What happens if a critical participant fails?

Who owns the asset?

A token, a legal claim, and an underlying asset are different things. Explore the connections.

Open lab