Chartis Research and Metrika Release Comprehensive Framework for Managing Digital Asset Risk
New York, United States, October 9th, 2025, FinanceWire
New Report Introduces "Integrated Composability Risk" (ICR) – A Novel Risk Category for Digital Assets and Blockchains
Chartis Research and Metrika today announced the release of a collaborative report titled "Managing Digital Asset Risk Using an Integrated, Composable Framework," establishing a new approach to quantifying and managing the unique risks inherent in digital assets and decentralized finance.
The report introduces Integrated Composability Risk (ICR), a comprehensive risk measure that combines technology, operational, regulatory, and interoperability risks with traditional market, credit, and counterparty risks. As institutional adoption of digital assets accelerates amid evolving regulatory clarity, including the GENIUS Act, Market Clarity Act, and the repeal of SAB 121, the need for robust, enterprise-grade risk frameworks has become critical.
“Digital assets require a fundamental rethinking of how we approach risk management,” said Sidhartha Dash, Chief Researcher at Chartis Research. “Just as commodities entering financial markets in the early twentieth century required risk managers to account for infrastructure reliability, digital assets demand frameworks that treat protocol resilience and governance as foundational. Our collaborative work with Metrika establishes ICR as the necessary evolution in risk measurement for this asset class.”
Unlike traditional assets, digital assets rely on technological foundations, smart contract composability, and blockchain protocol interoperability, which create novel risk exposures not captured by existing frameworks. The report draws parallels to the evolution of risk measures in commodities and cyber risk quantification, demonstrating how CROs can integrate these new considerations into existing enterprise risk management programs.
Nikos Andrikogiannopoulos, CEO of Metrika, emphasized the practical implications: “Financial institutions can no longer treat digital asset risk as simply an extension of traditional market risk. The technological, governance, and operational layers underlying these assets are as critical as price volatility. Our Metrika Asset Risk Score (MARS) operationalizes the ICR framework, transforming semi-subjective analysis into quantifiable, real-time risk measures through integrated monitoring of price stability, liquidity, blockchain infrastructure, and smart contract integrity.”
The report outlines how purpose-built digital asset risk platforms can serve as the connective layer between blockchain infrastructure and existing GRC platforms, enabling CROs to generate multiple risk measures, including ratings, scores, VaR measures, cash flow at risk, expected shortfall, funding gaps, risk gaps, and risk return units. It advocates for a “more is more” approach to risk measurement, recognizing that complex composable assets require multiple analytical perspectives.
Key findings include:
- Novel risk categories: Digital assets introduce technological risks (protocol, cryptographic, cyber), operational risks (governance, dependency, compliance), and interoperability risks that require new measurement frameworks.
- Lessons from analogous asset classes: The evolution of risk management in commodities, energy markets, and cyber risk provides a roadmap for quantifying digital asset risk.
- Real-time monitoring imperative: The dynamic nature of digital assets, including potential governance shifts and software-driven contract terms, necessitates automated, continuously updated risk measures.
- Regulatory momentum: Recent regulatory developments create both clearer guardrails and heightened expectations for institutional-grade risk management.
The report calls on operational risk and infrastructure providers to work toward establishing data and protocol standards that enable blockchain interoperability on a global scale, while urging CROs to adopt and adapt ICR approaches to facilitate effective digital asset risk analysis.
The findings will be presented at Risk Live North America's inaugural Digital Assets Track on October 9 in Nashville, where Andrikogiannopoulos will join senior risk executives to discuss practical implementation of the ICR framework.
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global risk technology market. Covering the enterprise risk management and governance, risk, and compliance technology markets, Chartis provides in-depth analysis on industry trends, vendors, and end-user requirements.
More information available on: https://www.chartis-research.com
About Metrika
Metrika is the leading provider of real-time, dynamic risk management solutions for digital assets. Metrika’s SaaS platform enables financial institutions, enterprises, and regulatory bodies to proactively monitor, assess, and mitigate risks across tokenized assets, stablecoins, cryptocurrencies, and blockchain networks. By transforming fragmented, manual risk processes into structured, automated frameworks, Metrika delivers advanced analytics and industry-aligned Key Risk Indicators (KRIs) tailored for the evolving digital asset ecosystem. Trusted by global financial leaders, including G-SIBs, asset issuers, asset managers, credit rating agencies, and regulators, Metrika empowers organizations to enhance transparency, strengthen compliance, and build operational resilience.
More information available on: https://www.metrika.co/icr-reports
To download the full report: https://www.chartis-research.com/operational-risk/governance-risk-management-and-compliance-grc/7947406/digital-asset-risk-management-managing-digital-asset-risk-using-an-integrated-composable-framework
Contacts
Michael VersaceMarkets Lead, Governance, Resilience, Cybersecurity
Chartis Research and Advisory
Michael.Versace@chartis-research.com
Renjie Butalid
VP Business Development
Metrika
renjie@metrika.co
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