Use Case

Banks

Model digital asset credit risk accurately and assess potential losses before they impact regulated balance sheets.

Risk-Weighting Crypto Assets Under Regulatory Scrutiny

Assigning risk weights to crypto exposures is more complex than traditional assets. There is no comprehensive rating agency coverage, limited historical loss data, and heightened supervisory attention. Agio provides 12-month default probability ratings for more than 70+ exchanges and custodians, delivering quantitative inputs that support capital calculations and regulatory reviews.

Validating Crypto Credit Risk Models With Independent Data

Internal models require independent validation. Agio’s ratings are built on nearly 20 explanatory variables, including on-chain reserves, operating leverage, firm characteristics, and macro factors. The model achieves an AuC of 0.77. When back tested on a publicly listed crypto company, the credit model exhibits approximately 85% correlation with that company’s equity price. Banks use this data to benchmark assumptions, stress-test portfolios, and demonstrate that model outputs are grounded in external, observable risk signals.

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Early Warning Indicators for Deteriorating Crypto Credit Risk

Credit risk in crypto can deteriorate rapidly. A borrower or collateral counterparty may move from stable to distressed in weeks. Agio continuously monitors the financial health of exchanges and custodians across a bank’s exposure universe and delivers alerts when risk profiles change. This allows credit teams to adjust limits, increase reserves, or escalate concerns before losses materialize.

The Problem

Traditional risk models don’t work in a market as dynamic, fragmented, and opaque as digital assets.

The Solution

We continuously monitor on- and off-chain risk factors correlated with default risk.

70+ Exchanges and Custodians Rated

Reliable default probability analysis

Comprehensive Risk Models

More precise and transparent than existing solutions

80+ Financial Firms Monitored

Real-time transaction tracking

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What our clients say

“...Their risk alerts allow proactive risk mitigation, and we've recently added their Risk Simulator to model broader risk events. We highly recommend Agio Ratings for those focused on comprehensive risk management.”

Bernard Orenstein

CEO of Sharewell

"Agio Ratings' risk platform offers real-time, advanced assessments of key counterparties and has enhanced our methodology for managing portfolio..."

John Glover

Chief Investment Officer at Ledn

“Growing institutional participation is creating a greater need for credible, independent risk intelligence. Agio Ratings provides a clear, data-driven view of the probability of default for exchanges and other institutions, and their alerts deliver a valuable independent signal alongside our own monitoring.”

Alain Passini

Head of Risk at Wintermute

"We’ve long believed that institutional investments in digital assets require robust counterparty risk management. That's why we apply rigorous controls and equip our risk team with best-in-class infrastructure. Agio Ratings helps us to maintain the strong risk posture that’s required for success."

Stefano Ruggiero

COO of Abraxas Capital Management

“I highly recommend Agio Ratings' services to those seeking a trusted partner in ratings and risk assessment.”

Dr. Claire Davey

Head of Product Innovation & Emerging Risk

Manage risk professionally

Agio Ratings helps financial leaders make smarter, data-driven decisions in the evolving digital assets landscape. Protect your capital, optimize underwriting, and stay ahead of market risks.