Settlement Integrity Institute
Transaction Assurance Readiness Score
The market needed a way to know which platforms were truly ready. SII—TARS is the answer — five domains, one hundred points, a single certifiable verdict the market can trust.
Aligned with the IMF, BIS, FSB, and IOSCO frameworks for tokenized value assurance.
The Mandate
The IMF, BIS, FSB, and IOSCO have spent years defining the risks of the tokenized value era. What the market was missing was an instrument that turns those definitions into a score. SII-TARS is that instrument.
IMF — Tokenized Finance
"Tokenization is not merely a technology upgrade — it is a fundamental reconfiguration of how trust, settlement, and risk management are organized in the financial system."
Tobias Adrian, Financial Counsellor & Director, Monetary and Capital Markets — April 2, 2026
BIS — Project Agorá
Seven central banks. Forty-one private institutions. Testing atomic settlement of tokenized money on a unified ledger. Phase 1 report due H1 2026.
Bank for International Settlements — Live prototype, 2026
Five vulnerability categories identified: liquidity mismatch, leverage, asset price quality, interconnectedness, operational fragilities. Settlement assets must meet PFMI standards to scale.
Financial Stability Board — October 2024
IOSCO — Tokenization of Financial Assets
"Same activity, same risk, same regulatory outcomes." Technology-neutral, outcomes-focused. Settlement finality and interoperability as primary risk vectors.
International Organization of Securities Commissions — November 2025
The mandate has been defined by the world’s leading financial bodies.
SII-TARS puts it to work.
Scoring Architecture
Each domain was built in direct correspondence with the IMF’s Five Pillars and the BIS/FSB risk taxonomy. Every point is earned against a defined rubric — so the score means something the market can actually rely on.
Certification
Every SII-TARS assessment concludes with a dated, versioned certification report — a document the market can reference with confidence. Scores are valid for twelve months, because trust is not a fixed state.
SII-TARS CERTIFIED
Institutional Grade
Full compliance across all five domains. Eligible for registry publication and institutional endorsement.
SII-TARS QUALIFIED
Compliant with Conditions
Strong foundational readiness. Identified gaps require remediation within the certification period.
SII-TARS CONDITIONAL
Material Gaps Identified
Operational capability demonstrated. Specific domain deficiencies require structured remediation plans.
SII-TARS DEFERRED
Significant Remediation Required
Foundational gaps across multiple domains. Reassessment eligible after documented remediation program.
SII-TARS DECLINED
Not Ready for Regulated Markets
Material deficiencies present systemic risk. Not eligible for certification in current state.
Assessment Process
SII-TARS is technology-neutral, outcomes-focused, and jurisdiction-aware. The process is defined, transparent, and the same for every entity that walks through it — because the integrity of the verdict depends on the integrity of the process.
Applicant submits technical architecture, legal opinions, audit reports, and governance documentation across all five domains.
SII analysts score each sub-factor against a standardized rubric. No estimation — every point is earned against defined criteria.
Weighted domain scores are summed to produce the 0–100 composite. Sub-factor breakdowns are provided in full.
Composite score determines certification tier. SII issues a dated, versioned SII-TARS Assessment Report.
Certified entities are listed in the SII Public Registry. The registry is the market's reference for institutional-grade tokenized platforms.
Scores are valid for twelve months. Material platform changes trigger immediate reassessment.
SII-TARS is publicly versioned. Updates are announced, documented, and tracked. The standard evolves with the market it governs.
Public Registry
Every entity listed in The Registry earned its place. That’s what makes it the market’s reference for tokenized value assurance — not a directory, not a membership list. A record of what has been verified.
"The infrastructure of trust for tokenized value settlement."