{
  "version": "1.0",
  "site": {
    "name": "RIADeFi",
    "url": "https://riadefi.com",
    "publisher": "Ketju Research",
    "audience": "Financial advisors and RIAs",
    "language": "en-US",
    "license": "Copyright; quotation and citation permitted with attribution"
  },
  "generatedAt": "2026-08-02T16:00:00-04:00",
  "articles": [
    {
      "id": "defi-for-rias",
      "url": "https://riadefi.com/defi-for-rias/",
      "title": "DeFi for RIAs: an advisor’s guide to the asset, protocol, and chain",
      "description": "A plain-English guide to DeFi for registered investment advisers: what it is, where yield comes from, and how to structure defensible due diligence.",
      "section": "Foundations",
      "intent": "Understand DeFi from a fiduciary and due-diligence perspective.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "What DeFi actually is",
        "The three-layer test",
        "Where the yield comes from",
        "What belongs in the file"
      ],
      "related": [
        "https://riadefi.com/due-diligence/defi-checklist/",
        "https://riadefi.com/on-chain-finance/",
        "https://riadefi.com/due-diligence/defensible-file/"
      ],
      "sources": [
        {
          "name": "Crypto Assets",
          "publisher": "Investor.gov",
          "url": "https://www.investor.gov/additional-resources/spotlight/crypto-assets"
        }
      ]
    },
    {
      "id": "on-chain-finance",
      "url": "https://riadefi.com/on-chain-finance/",
      "title": "On-chain finance for financial advisors: a field guide",
      "description": "On-chain finance explained for financial advisors: tokenized assets, DeFi protocols, settlement networks, custody, liquidity, and fiduciary questions.",
      "section": "Foundations",
      "intent": "Map the on-chain finance category before evaluating products.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 9,
      "headings": [
        "The category map",
        "Four distinct exposures",
        "What tokenization changes",
        "The advisor’s sequence"
      ],
      "related": [
        "https://riadefi.com/tokenized-assets/",
        "https://riadefi.com/defi-for-rias/",
        "https://riadefi.com/operations/digital-asset-custody/"
      ],
      "sources": [
        {
          "name": "Crypto Assets",
          "publisher": "FINRA",
          "url": "https://www.finra.org/rules-guidance/key-topics/crypto-assets"
        },
        {
          "name": "Crypto Assets",
          "publisher": "Investor.gov",
          "url": "https://www.investor.gov/additional-resources/spotlight/crypto-assets"
        }
      ]
    },
    {
      "id": "tokenized-assets",
      "url": "https://riadefi.com/tokenized-assets/",
      "title": "Tokenized assets for RIAs: wrapper, exposure, and control",
      "description": "A framework for RIAs evaluating tokenized assets: identify the underlying exposure, legal claim, transfer restrictions, redemption path, and control surface.",
      "section": "Asset classes",
      "intent": "Evaluate tokenized investments without confusing wrapper and exposure.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "Start underneath the token",
        "Then inspect the wrapper",
        "The five-question record",
        "Compare like with like"
      ],
      "related": [
        "https://riadefi.com/asset-classes/tokenized-treasuries/",
        "https://riadefi.com/on-chain-finance/defi-vs-tokenized-securities/",
        "https://riadefi.com/regulation/"
      ],
      "sources": [
        {
          "name": "Crypto Task Force",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/about/crypto-task-force"
        },
        {
          "name": "Crypto Assets",
          "publisher": "FINRA",
          "url": "https://www.finra.org/rules-guidance/key-topics/crypto-assets"
        }
      ]
    },
    {
      "id": "asset-classes/tokenized-treasuries",
      "url": "https://riadefi.com/asset-classes/tokenized-treasuries/",
      "title": "Tokenized Treasuries for advisors: what changes and what does not",
      "description": "Tokenized Treasuries explained for financial advisors: underlying exposure, fund structure, eligibility, settlement, redemption, liquidity, and issuer control.",
      "section": "Asset classes",
      "intent": "Assess tokenized Treasury products against conventional Treasury exposure.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "Identify the instrument",
        "The diligence comparison",
        "Access is part of the product",
        "Suitable use requires a real advantage"
      ],
      "related": [
        "https://riadefi.com/tokenized-assets/",
        "https://riadefi.com/operations/digital-asset-custody/",
        "https://riadefi.com/regulation/"
      ],
      "sources": [
        {
          "name": "Crypto Task Force",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/about/crypto-task-force"
        },
        {
          "name": "Investment Management — Investment Advisers",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/investment-management"
        }
      ]
    },
    {
      "id": "asset-classes/stablecoin-yield",
      "url": "https://riadefi.com/asset-classes/stablecoin-yield/",
      "title": "Stablecoin yield for RIAs: source, liquidity, and issuer risk",
      "description": "A due-diligence framework for stablecoin yield: distinguish borrower interest, Treasury income, reward subsidies, credit risk, liquidity, and issuer controls.",
      "section": "Asset classes",
      "intent": "Understand stablecoin yield sources and failure modes.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 9,
      "headings": [
        "Separate the stablecoin from the yield venue",
        "Classify the yield source",
        "Why a high rate can be an exit warning",
        "Minimum monitoring record"
      ],
      "related": [
        "https://riadefi.com/due-diligence/on-chain-liquidity/",
        "https://riadefi.com/defi-for-rias/",
        "https://riadefi.com/due-diligence/defi-checklist/"
      ],
      "sources": [
        {
          "name": "Crypto Assets",
          "publisher": "Investor.gov",
          "url": "https://www.investor.gov/additional-resources/spotlight/crypto-assets"
        },
        {
          "name": "Crypto Assets",
          "publisher": "FINRA",
          "url": "https://www.finra.org/rules-guidance/key-topics/crypto-assets"
        }
      ]
    },
    {
      "id": "due-diligence/defi-checklist",
      "url": "https://riadefi.com/due-diligence/defi-checklist/",
      "title": "DeFi due-diligence checklist for financial advisors",
      "description": "A practical DeFi due-diligence checklist covering instrument, asset, protocol, chain, controls, liquidity, valuation, custody, tax, suitability, and monitoring.",
      "section": "Due diligence",
      "intent": "Build a repeatable pre-approval and monitoring process.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 10,
      "headings": [
        "1. Define the position",
        "2. Map the dependency stack",
        "3. Test loss and exit",
        "4. Make the decision monitorable"
      ],
      "related": [
        "https://riadefi.com/due-diligence/defensible-file/",
        "https://riadefi.com/due-diligence/smart-contract-risk/",
        "https://riadefi.com/operations/digital-asset-custody/"
      ],
      "sources": [
        {
          "name": "Investment Management — Investment Advisers",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/investment-management"
        },
        {
          "name": "Crypto Assets",
          "publisher": "FINRA",
          "url": "https://www.finra.org/rules-guidance/key-topics/crypto-assets"
        }
      ]
    },
    {
      "id": "operations/digital-asset-custody",
      "url": "https://riadefi.com/operations/digital-asset-custody/",
      "title": "Digital-asset custody for RIAs: control is more than key possession",
      "description": "Digital-asset custody for RIAs explained through authority, key management, smart contracts, token issuers, recovery, transaction approval, and recordkeeping.",
      "section": "Operations",
      "intent": "Map operational control and custody dependencies for an advisor workflow.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 9,
      "headings": [
        "Possession, authority, and control",
        "Common operating models",
        "The workflow is part of the control",
        "Regulatory posture must be checked at implementation"
      ],
      "related": [
        "https://riadefi.com/regulation/",
        "https://riadefi.com/due-diligence/defi-checklist/",
        "https://riadefi.com/tokenized-assets/"
      ],
      "sources": [
        {
          "name": "Investment Management — Investment Advisers",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/investment-management"
        }
      ]
    },
    {
      "id": "regulation",
      "url": "https://riadefi.com/regulation/",
      "title": "RIA digital-asset regulatory tracker: primary sources and open questions",
      "description": "A source-first regulatory tracker for RIAs evaluating digital assets, tokenized securities, DeFi, custody, communications, tax, and market-structure developments.",
      "section": "Regulation",
      "intent": "Find primary regulatory sources and identify implementation questions requiring current counsel.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "How to use this ledger",
        "Open issue map",
        "Primary-source watchlist",
        "Review standard"
      ],
      "related": [
        "https://riadefi.com/operations/digital-asset-custody/",
        "https://riadefi.com/tokenized-assets/",
        "https://riadefi.com/on-chain-finance/defi-vs-tokenized-securities/"
      ],
      "sources": [
        {
          "name": "Crypto Task Force",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/about/crypto-task-force"
        },
        {
          "name": "Investment Management — Investment Advisers",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/investment-management"
        },
        {
          "name": "Legislation search: digital assets",
          "publisher": "Congress.gov",
          "url": "https://www.congress.gov/search?q=%7B%22search%22%3A%22digital+assets%22%7D"
        },
        {
          "name": "Crypto Assets",
          "publisher": "FINRA",
          "url": "https://www.finra.org/rules-guidance/key-topics/crypto-assets"
        },
        {
          "name": "Digital assets",
          "publisher": "Internal Revenue Service",
          "url": "https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets"
        },
        {
          "name": "Digital Assets",
          "publisher": "Commodity Futures Trading Commission",
          "url": "https://www.cftc.gov/digitalassets/index.htm"
        },
        {
          "name": "Crypto Assets",
          "publisher": "Investor.gov",
          "url": "https://www.investor.gov/additional-resources/spotlight/crypto-assets"
        }
      ]
    },
    {
      "id": "on-chain-finance/defi-vs-tokenized-securities",
      "url": "https://riadefi.com/on-chain-finance/defi-vs-tokenized-securities/",
      "title": "DeFi versus tokenized securities: the distinction advisors need",
      "description": "DeFi and tokenized securities can use the same blockchain while creating different legal claims, controls, return sources, eligibility rules, and diligence requirements.",
      "section": "Foundations",
      "intent": "Distinguish protocol exposure from tokenized conventional investments.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 7,
      "headings": [
        "Mechanism is not instrument",
        "The diligence split",
        "When the stack combines both",
        "The practical classification"
      ],
      "related": [
        "https://riadefi.com/on-chain-finance/",
        "https://riadefi.com/tokenized-assets/",
        "https://riadefi.com/defi-for-rias/"
      ],
      "sources": [
        {
          "name": "Crypto Task Force",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/about/crypto-task-force"
        },
        {
          "name": "Crypto Assets",
          "publisher": "FINRA",
          "url": "https://www.finra.org/rules-guidance/key-topics/crypto-assets"
        }
      ]
    },
    {
      "id": "due-diligence/smart-contract-risk",
      "url": "https://riadefi.com/due-diligence/smart-contract-risk/",
      "title": "How financial advisors should evaluate smart-contract risk",
      "description": "A practical smart-contract risk framework for financial advisors covering scope, upgrades, dependencies, audits, bug bounties, incidents, governance, and monitoring.",
      "section": "Due diligence",
      "intent": "Translate technical assurance into an advisor decision record.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "Define the exact code path",
        "Read audits as scoped evidence",
        "Map change authority",
        "History and live monitoring"
      ],
      "related": [
        "https://riadefi.com/due-diligence/defi-checklist/",
        "https://riadefi.com/due-diligence/defensible-file/",
        "https://riadefi.com/defi-for-rias/"
      ],
      "sources": []
    },
    {
      "id": "due-diligence/on-chain-liquidity",
      "url": "https://riadefi.com/due-diligence/on-chain-liquidity/",
      "title": "How to evaluate on-chain liquidity before recommending yield",
      "description": "An advisor framework for on-chain liquidity: distinguish TVL, withdrawable liquidity, utilization, market depth, redemption queues, slippage, and stressed exits.",
      "section": "Due diligence",
      "intent": "Test whether an on-chain position can be exited at client size.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "Use the right liquidity measure",
        "Size the client, not the protocol",
        "Stress the path out",
        "Monitor the warning variables"
      ],
      "related": [
        "https://riadefi.com/asset-classes/stablecoin-yield/",
        "https://riadefi.com/due-diligence/defi-checklist/",
        "https://riadefi.com/due-diligence/defensible-file/"
      ],
      "sources": []
    },
    {
      "id": "due-diligence/defensible-file",
      "url": "https://riadefi.com/due-diligence/defensible-file/",
      "title": "What belongs in a defensible digital-asset due-diligence file",
      "description": "A recordkeeping model for digital-asset due diligence: scope, sources, verdict, limits, risks, kill criteria, approvals, monitoring, corrections, and version history.",
      "section": "Due diligence",
      "intent": "Create a reviewable record for approval, rejection, and ongoing monitoring.",
      "author": "Jon Ragsdale",
      "datePublished": "2026-08-02",
      "dateModified": "2026-08-02",
      "readingMinutes": 8,
      "headings": [
        "Decision header",
        "Evidence body",
        "Kill criteria",
        "Corrections are part of the product"
      ],
      "related": [
        "https://riadefi.com/due-diligence/defi-checklist/",
        "https://riadefi.com/due-diligence/smart-contract-risk/",
        "https://riadefi.com/due-diligence/on-chain-liquidity/"
      ],
      "sources": [
        {
          "name": "Investment Management — Investment Advisers",
          "publisher": "U.S. Securities and Exchange Commission",
          "url": "https://www.sec.gov/investment-management"
        }
      ]
    }
  ],
  "datasets": [
    {
      "id": "digital-asset-control-atlas",
      "url": "https://riadefi.com/atlas/",
      "description": "Asset and chain administrative-control profiles for financial advisors",
      "distributions": [
        "https://riadefi.com/atlas/assets.json",
        "https://riadefi.com/atlas/chains.json"
      ]
    }
  ],
  "reports": [
    {
      "id": "state-of-on-chain-finance-2026-q3",
      "url": "https://riadefi.com/research/state-of-on-chain-finance-2026-q3/",
      "title": "State of on-chain finance for advisors — Q3 2026",
      "datePublished": "2026-08-02",
      "method": "Generated from the versioned Ketju registry and live protocol-universe survey",
      "protocolsExamined": 496,
      "coveragePct": 100
    }
  ]
}