Experts in Frontier Technologies.
Crypto, tokenisation and DeFi move faster than most review cycles were built for. That is exactly why the Shariah question has to come early, while the product can still change cheaply.
We work at the level of the structure: what the token represents, who holds the underlying asset, and where the yield actually comes from.
What you get.
Token and protocol review
What the holder actually owns, whether the chain of ownership is complete, and whether the claim matches what is marketed.
Yield mechanics
Staking, liquidity provision, lending protocols — assessed on how the return is generated, not on what it is called.
Custody and reserves
Who holds the asset, under what terms, and what happens to it in a wind-down.
How a digital-asset review runs.
Built to fit a product cycle measured in weeks, not quarters.
Map
The asset, the token, the contracts and the flows between them.
Test
Where the holder’s claim and the underlying rights diverge — and under which conditions.
Rule
A position on the structure as built, with the conditions it depends on stated.
Watch
Tokenised structures evolve. The bench that certified it stays on to see how it is used.
The questions we ask first.
- What does the token represent? An asset, a debt, a share of a pool, or a promise. The four are not interchangeable.
- Is the ownership chain complete? Custody, smart contract, holder. It usually breaks in one of those joins.
- Where does the yield come from? Risk taken, or time elapsed. Only one of those answers works.
Common questions.
Do you review the smart contract code?
We review what the contract does economically and legally, working with your technical team or auditor on the implementation. A code audit and a Shariah review answer different questions; you need both.
Is a stablecoin automatically fine?
No. It depends on what backs it, who holds the reserve, whether the holder has a genuine claim on it, and what the issuer earns on the float.