Full CVE v2.0 reproducibility package including the workbook, operating manual, and executive summary will be released this week. Folder link to come.

This is why CVE evaluates tokenized stocks on market-structure-adjusted velocity, not “24/7 trading” headlines. Full breakdown in “Stress Testing the Sacred Cows of Tokenization and RWAs with CVE.” 💯

CVE treats tokenized equities as a market-structure alignment check, not a speed upgrade. When token and underlying stay synchronized under stress, M ≈ 1: structure aligned. When they desync or jam, M < 1: motion without matching substance.

Stocks already trade fast. Tokenization doesn’t bypass clearing rules or exchange plumbing; it either runs with market structure or reveals where it strains. The bridge is a gate, not the way.

“I discipline my body like an athlete, training it to do what it should. Otherwise, I fear that after preaching to others I myself might be disqualified.” -1 Corinthians 9:27 ❤️

This is why CVE evaluates tokenized funds on governance-adjusted velocity, not just surface-level access. Full breakdown in “Stress Testing the Sacred Cows of Tokenization and RWAs with CVE.” 💯

CVE treats governance as a velocity variable, not background noise. If tokenized fund flows track the underlying rules under stress, G ≈ 1: velocity preserved. If redemptions pause or terms tighten, G < 1: constraints shape motion.

Institutional funds already pool capital at scale. They do it under mandates, boards, and gates. Tokenization can modernize the wrapper, but it does not remove governance. Access is not achievement.

This is why CVE evaluates tokenized commodities on delivery-adjusted velocity, not just trading volume or TVL. Full breakdown in “Stress Testing the Sacred Cows of Tokenization and RWAs with CVE.” 💯

CVE treats delivery as a variable, not a footnote. If digital flows track real delivery under stress, P ≈ 1: velocity grounded in substance. If claims churn while delivery lags, P < 1: synthetic motion, not true throughput.

Commodities are anchored in the physical world. Tokenization can speed up claims, but the barrels, tons, and megawatts still move on physical rails. Velocity still obeys physics. Delivery is the gate.

This is why CVE evaluates tokenized private credit on transparency-adjusted velocity, not just on-chain motion. Full breakdown in “Stress Testing the Sacred Cows of Tokenization and RWAs with CVE.” 💯

CVE treats private credit opacity as a variable, not a footnote. When flows are verified with real data, O ≈ 1: velocity can scale. When flows are unverifiable, O < 1: motion insulates risk instead of transmitting truth.

Private credit doesn’t lack demand. It lacks visibility. Tokenization doesn’t erase opacity; it either verifies flows or inflates motion with unverifiable data. Velocity cannot outrun opacity. Transparency is the gate.

This is why CVE treats tokenized bonds as structure- and stress-adjusted credit velocity, not headline “on-chain yield.” Full breakdown in “Stress Testing the Sacred Cows of Tokenization and RWAs with CVE.” 💯

CVE measures whether tokenized bonds are true credit velocity or just synthetic motion on the surface. If flows and prices track the underlying structure under stress, S ≈ 1: substance preserved. If liquidity thins and trading turns jumpy, S < 1: churn without depth.

Global bonds are the deepest credit markets. Tokenization doesn’t create liquidity; it either preserves substance (S ≈ 1) or inflates churn (S < 1). Depth absorbs stress. Churn amplifies it.

This is why CVE treats tokenized Treasuries as redeemability- and friction-adjusted velocity, not headline TVL. Full breakdown in “Stress Testing the Sacred Cows of Tokenization and RWAs with CVE.” 💯

CVE measures whether the token layer is substance or veneer. If flows track the underlying under stress, F ≈ 1: velocity preserved. If they stall or fragment, F < 1: friction revealed.

Tokenized Treasuries don’t magically multiply liquidity. The token layer can preserve risk-free velocity or expose hidden friction. Liquidity isn’t created. It’s reflected.

“I discipline my body like an athlete, training it to do what it should. Otherwise, I fear that after preaching to others I myself might be disqualified.” -1 Corinthians 9:27 ❤️