How the BeInCrypto 100 Awards work
The BeInCrypto 100 recognizes the companies and people building institutional digital asset markets: 20 categories across five pillars, up to five winners each. Every result rests on public evidence and written rules, with documented judging where required.
Evidence-led
Published evidence, written rules, and a written reason behind every judge’s score.
Same rules for everyone
Each category applies one set of criteria to every company in it.
Not for sale
No company can pay for a nomination, a score or an award.
Tokenized Markets5 categories
- Institutional Tokenization Platform
- Tokenized Fund Manager of the Year
- Tokenized Equities Venue
- Market Settlement and Collateral Infrastructure Provider
- Bank Digital Asset Services Provider
Stablecoins & Payments4 categories
- Stablecoin Issuer
- Stablecoin Payments Infrastructure Provider
- Cross-Border Payments and Remittance Solution
- Corporate Treasury and Payroll Solution
Security & Resilience3 categories
- Digital Asset Custodial Services Provider
- Security Audit & Assurance Firm
- Threat Detection and Response Firm
Regulation, Data & Trust4 categories
- Digital Asset Compliance and RegTech Solution
- Digital Asset Legal Counsel of the YearIndividual
- Digital Asset Policymaker of the YearIndividual
- Market Data and Intelligence Platform
Consumer & Commerce4 categories
- Digital Asset Neobank and Fintech
- Digital Asset Exchange & Multi-Asset Broker
- Onramp, Offramp & Card Solution
- Merchant and Commerce Payments Solution
Two awards, Legal Counsel and Policymaker, go to individuals. The others go to companies. Rules for some categories are still being finalized and will be published on this page as they are set.
Each category has clear entry rules, such as holding the right license for the service or running a live product. We find companies through public sources, so no one needs to apply. We record each category's candidate list and its sources before scoring starts.
Taking part is free. Companies may send us evidence while submissions are open. Evidence a company sends counts as self-reported unless we can verify it independently, and choosing not to send anything never counts against a company. Companies or people subject to international sanctions, directly or through those who own or control them, are not considered.
Get notified when submissions open →We rely first on primary records: regulators' registers, audited reports, company filings, fund documents and on-chain data. Each figure is marked as independently verified, self-reported or estimated. A license counts only where the regulator's own register shows it for the company that provides the service.
Every category uses the same four areas, worth up to 100 points: the main achievement in the category (40), a supporting measure such as evidence or breadth (25), scale (20) and trust, such as licenses (15). The exact measures differ by category, so each one compares like with like. If there isn't enough reliable data for a measure, we leave it out for every company in that category and show the reduced maximum score.
Each category follows one of two routes, set before any company is assessed:
Data-scored categories
Scored from published market and company data:
Judged categories
Assessed by independent judges, who review an evidence file on each company against criteria written for that category. These are all the other categories. Their Live Index scores are provisional, based on public evidence before judging.
Judges will be announced when submissions open. Before judging, each judge declares in writing their employer, advisory roles and material holdings, and does not score any category where a declared company is a candidate. With the results, we publish which categories each judge did not score.
Two judges score each candidate on their own, rating each of the four areas from 1 to 5 and giving a short written reason for each rating. Each judge’s ratings are weighted 40/25/20/15, and the candidate’s result is the average of the two weighted totals. If the judges disagree on whether a candidate belongs in the top five, or their totals differ by more than a set margin, a third judge scores it and the middle score counts.
Judges never see sponsorship or other commercial information. They apply each category’s rules: they cannot add or waive entry rules, and they never change Live Index scores.
- Data-scored categories
- We rerun the scores with different weightings and with estimated figures removed. Candidates that stay in the top five in every run, including at both ends of any missing-data range, qualify for an award. Where the line between fifth and sixth is too close to call, judges decide between the eligible candidates.
- Judged categories
- The five candidates with the highest judged results qualify for an award.
- Ties
- If fifth place is still tied after judging, the main achievement decides first, then the supporting measure, scale and trust, in that order.
Final winners are confirmed after eligibility checks and the one-award rule below. Each category has up to five winners. Where a category has fewer than five eligible candidates, we keep searching under the same entry rules, and we never relax them to fill a place. Results show how many candidates were eligible in each category, for example “5 winners from 11 eligible candidates."
Each company can win one award at most, with companies in the same group counted together. A company that places in more than one category keeps the award where it ranks highest, and an award it has already earned is never replaced by one it reaches only because another company withdrew. Winners are published in alphabetical order, not ranked.
Sponsorship, advertising and other commercial relationships never affect how candidates are assessed, scored or judged. One eligibility rule applies: a Pillar Partner is not considered in the pillar it sponsors. The Presenting Partner is assessed on merit under the same rules, and we will say so if it wins.
From December, we plan to let any company ask us, free of charge, to correct its Live Index entry. A correction needs evidence, and it changes the data only after we have checked that evidence.
Submissions open 11 January 2027. Be the first to know.
Notify MeChanges to these rules
Rules are set before scoring. Material changes are logged and announced on this page. Questions: research@beincrypto.com
Timeline
7 December 2026
Live Index launch
11 Jan – 12 Mar 2027
Submissions open
22 Mar – 16 Apr 2027
Judging
4 May 2027
Winners published
Summer 2027
Awards ceremony, details to be announced
How the BeInCrypto 100 Live Index works
The Live Index compares digital asset companies within each BeInCrypto 100 award category, using published data and the same rules for every company. Categories are added as their data is checked, and scores update as new evidence comes in.
How the BeInCrypto 100 Live Index works
The Live Index compares digital asset companies within each BeInCrypto 100 award category, using published data and the same rules for every company. Categories are added as their data is checked, and scores update as new evidence comes in.
How the BeInCrypto 100 Live Index works
The Live Index compares digital asset companies within each BeInCrypto 100 award category, using published data and the same rules for every company. Categories are added as their data is checked, and scores update as new evidence comes in.
The Live Index: Frequently asked questions
How companies are selected, scored and ranked.
Each category has clear entry rules, such as holding the right license or reaching a minimum size. We find companies through public sources, so no one needs to apply, and choosing not to send us information never counts against a company. Companies under international sanctions are not included.
Each category uses a scoring framework worth up to 100 points, in four areas. Broadly, they cover a company's main achievement in the category (40 points), a supporting measure, such as evidence or breadth (25), the scale of its business (20) and trust, such as licenses (15). The exact measures differ by category, so each one compares like with like.
If there isn't enough reliable data for a measure, we leave it out for every company in that category and show the reduced maximum score. We use published sources such as market data, company reports and regulators' records, with sources identified alongside the results.
A rank shows where a company stands today, by score. Companies with the same score share a rank, so a list can go 1, 2, 2, 4. A "!" next to a company opens a short note about its entry or score.
Until we have checked every company in a category, it shows a longlist instead, marked Reads in progress while checks continue: names in alphabetical order, with no scores. Numbers in a longlist are not ranks.
| Rank | Company | Score |
|---|---|---|
| 1 | Company A | 88.4 |
| 2 | Company B | 82.1 |
| 2 | Company C | 82.1 |
| 4 | Company D | 75.6 |
Example note: one figure in this entry is estimated, which could affect its place. | ||
We don't give a company zero points just because information is unavailable. When reliable records show that a company does not meet a requirement, that item earns no points. Every company in a category is held to the same evidence standards, and where an estimate could affect a company's place, a note says so.
Scores update as new information comes in. Market data refreshes daily or weekly, depending on the category. Information our researchers check by hand, such as licenses and published reports, refreshes on a set schedule, monthly for some categories. Ranks can change from one update to the next.
No. The Live Index shows how companies compare on the latest evidence. Award winners are decided separately. In some categories, the awards use the same data, with judges settling close calls. In others, judges review each company's evidence against set criteria. Judges never change Live Index scores.
The Live Index: Frequently asked questions
How companies are selected, scored and ranked.
Each category has clear entry rules, such as holding the right license or reaching a minimum size. We find companies through public sources, so no one needs to apply, and choosing not to send us information never counts against a company. Companies under international sanctions are not included.
Each category uses a scoring framework worth up to 100 points, in four areas. Broadly, they cover a company's main achievement in the category (40 points), a supporting measure, such as evidence or breadth (25), the scale of its business (20) and trust, such as licenses (15). The exact measures differ by category, so each one compares like with like.
If there isn't enough reliable data for a measure, we leave it out for every company in that category and show the reduced maximum score. We use published sources such as market data, company reports and regulators' records, with sources identified alongside the results.
A rank shows where a company stands today, by score. Companies with the same score share a rank, so a list can go 1, 2, 2, 4. A "!" next to a company opens a short note about its entry or score.
Until we have checked every company in a category, it shows a longlist instead, marked Reads in progress while checks continue: names in alphabetical order, with no scores. Numbers in a longlist are not ranks.
| Rank | Company | Score |
|---|---|---|
| 1 | Company A | 88.4 |
| 2 | Company B | 82.1 |
| 2 | Company C | 82.1 |
| 4 | Company D | 75.6 |
Example note: one figure in this entry is estimated, which could affect its place. | ||
We don't give a company zero points just because information is unavailable. When reliable records show that a company does not meet a requirement, that item earns no points. Every company in a category is held to the same evidence standards, and where an estimate could affect a company's place, a note says so.
Scores update as new information comes in. Market data refreshes daily or weekly, depending on the category. Information our researchers check by hand, such as licenses and published reports, refreshes on a set schedule, monthly for some categories. Ranks can change from one update to the next.
No. The Live Index shows how companies compare on the latest evidence. Award winners are decided separately. In some categories, the awards use the same data, with judges settling close calls. In others, judges review each company's evidence against set criteria. Judges never change Live Index scores.
The Live Index: Frequently asked questions
How companies are selected, scored and ranked.
Each category has clear entry rules, such as holding the right license or reaching a minimum size. We find companies through public sources, so no one needs to apply, and choosing not to send us information never counts against a company. Companies under international sanctions are not included.
Each category uses a scoring framework worth up to 100 points, in four areas. Broadly, they cover a company's main achievement in the category (40 points), a supporting measure, such as evidence or breadth (25), the scale of its business (20) and trust, such as licenses (15). The exact measures differ by category, so each one compares like with like.
If there isn't enough reliable data for a measure, we leave it out for every company in that category and show the reduced maximum score. We use published sources such as market data, company reports and regulators' records, with sources identified alongside the results.
A rank shows where a company stands today, by score. Companies with the same score share a rank, so a list can go 1, 2, 2, 4. A "!" next to a company opens a short note about its entry or score.
Until we have checked every company in a category, it shows a longlist instead, marked Reads in progress while checks continue: names in alphabetical order, with no scores. Numbers in a longlist are not ranks.
| Rank | Company | Score |
|---|---|---|
| 1 | Company A | 88.4 |
| 2 | Company B | 82.1 |
| 2 | Company C | 82.1 |
| 4 | Company D | 75.6 |
Example note: one figure in this entry is estimated, which could affect its place. | ||
We don't give a company zero points just because information is unavailable. When reliable records show that a company does not meet a requirement, that item earns no points. Every company in a category is held to the same evidence standards, and where an estimate could affect a company's place, a note says so.
Scores update as new information comes in. Market data refreshes daily or weekly, depending on the category. Information our researchers check by hand, such as licenses and published reports, refreshes on a set schedule, monthly for some categories. Ranks can change from one update to the next.
No. The Live Index shows how companies compare on the latest evidence. Award winners are decided separately. In some categories, the awards use the same data, with judges settling close calls. In others, judges review each company's evidence against set criteria. Judges never change Live Index scores.
The full methodology
Every rule from this page in full. PDF, about 50 pages.
The BeInCrypto 100 is produced by the BeInCrypto Research Team. Methodology questions: research@beincrypto.com