Digital Assets and Web3 Valuation

Defensible token, protocol and treasury valuations that stand up to auditors, boards and regulators.

I help founders, finance leaders and funds value tokens, protocols and digital-asset businesses with the same rigor applied to equity deals. My work blends traditional valuation methods with token-native economics, accounting and regulatory context.

Who I Help

Web3 startups planning token launches or treasury management
DeFi protocols needing mechanism and incentive review
Funds and corporates with crypto exposure requiring fair value and impairment testing under IFRS or US GAAP

Core Services

Tokenomics and Network Valuation

  • Design and review of supply schedules, emissions, vesting and staking rewards
  • Value drivers: utility, velocity control, fee sinks, governance and network usage
  • Triangulation using DCF on protocol cash flows, economic surplus models and comparable network multiples

DeFi Protocol Analysis

  • AMMs, lending, liquid staking and yield mechanisms
  • Stress testing incentives, liquidity depth, oracle and governance risks
  • Scenario modeling with Monte Carlo where path dependency matters

Stablecoin and CBDC Analysis

  • Mechanism review across fiat-backed, crypto-collateralized and algorithmic designs
  • Stability, redemption, arbitrage and reserves transparency considerations
  • Regulatory mapping for use cases across jurisdictions

Crypto Accounting and Financial Reporting

  • Fair value classification, impairment and disclosure under IFRS and US GAAP
  • Staking, airdrops, forks and token income recognition
  • Month-end close playbooks for crypto-native treasuries

Regulatory Readiness

  • Practical alignment to FATF Travel Rule themes, MiCA scope and US securities analysis
  • Documentation that survives audit and diligence
  • Plain-English memos for boards and counterparties

Fundraising and Transaction Support

  • Token + equity deal modeling, SAFT and SAFE interactions
  • Waterfall and OPM calibration for complex cap tables
  • PPA and post-deal impairment for token-rich acquisitions

Sample Deliverables

Tokenomics teardown and redlines
Protocol valuation memo with sensitivity tables and downside cases
Accounting policy pack for digital assets
Treasury risk register and control checklist
Board-ready deck with valuation narrative and assumptions

Why Work With Me

Chartered Accountant with Big 4 valuation experience across US reporting, complex instruments and infrastructure scale modeling
Specialized training in blockchain, DeFi and digital assets with hands-on valuation tooling

Case Study

Client:

L2 DeFi protocol with native token

Situation:

High emissions and sticky discount to FDV post-TGE

Work:

Rebuilt supply schedule, added fee burn and staking lockups. Ran 3 incentive scenarios and a 10k-path Monte Carlo on liquidity depth.

Result:

Reduced annualized sell pressure by 42 percent in base case, improved validator APY stability and reduced volatility in circulating supply.

Artifacts:

Tokenomics redline, board memo, emissions dashboard template

Ready to Get Started?

Not sure where to start? Ask for a 45-minute tokenomics sanity check.

Schedule a Web3 consult