What holders actually have — exit, information and recourse — measured against what the offering documents imply. Nine categories, refreshed on cadence rather than asserted once at issuance.
Cabier does not issue, underwrite, appraise, custody, market or distribute tokenised assets, and does not provide investment advice. TAF scores are governance and disclosure assessments — not credit ratings, valuations, fairness opinions or investment recommendations.
Nine questions across the rights that decide whether a stressed position can be exited or only endured. Answers stay in your browser — nothing is submitted, stored or transmitted.
01 · Redemption rights
Do holders have a defined redemption right that does not depend on the issuer's discretion?
02 · Lock-up duration
Is the lock-up period disclosed, bounded and consistent across all offering materials?
03 · Secondary market
Does a functioning secondary venue exist, with observable transfer activity rather than a stated intention?
04 · Insolvency treatment
Is the holder's position in an issuer insolvency documented and legally tested?
05 · Independent trustee
Is there an independent trustee or fiduciary acting for holders rather than for the issuer?
06 · Reporting cadence
Is financial and operational reporting delivered on a fixed cadence, with a consequence for missing it?
07 · Distribution automation
Are distributions executed through a controlled, auditable process rather than manual issuer instruction?
08 · Holder voting
Do holders have meaningful consent rights over structural changes affecting their position?
09 · NAV independence
Is the reported value produced or reviewed independently of the issuer on a defined cadence?
Answer the questions above to see an indicative position.
Both scores are carried on the Digital Assurance Certificate, with scope, period and stated limitations on its face.
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