Ethereum/India Institutional BriefingFigure Ledger

Figure Ledger

Every quantitative claim in this briefing, with its source tier and "as of" date.

Download the ledger as JSON (data/figures.json)

Legend: source tiers and flags

Source tiers

T1
Primary - regulator/statute/filing/on-chain
T2
Named data provider - RWA.xyz, DefiLlama, World Bank, etc.
T3
Tier-1 financial press
T4
Company blog / press release - promotional
T5
Crypto media / aggregator - leads only

Flags

WEAK_TIER
Sole source is T4/T5 (or T3/T4 with no primary) - cannot stand alone for a volume/adoption/performance figure
STALE
Older than staleness_cutoff, non-historical, non-evergreen - re-pull before external use
HISTORICAL
Old but stable fact - do not amber-flag
CURRENT
Evergreen statute/rate - never stale
CONFLICT
Another module gave a different number for the same quantity - see reconciliation
UNVERIFIED
T5-only, flagged in-text - source or remove before external use
DERIVED
Conversion or price-inflated valuation, not a mobilisable/measured base
VAGUE
Figure stated imprecisely by the source
DUP
Duplicate of another row

Showing 167 of 167

IDModuleClaimFigureUnitAs ofSourceTierFlags
1AJPMorgan Kinexys daily volume>5$bn/dayDec 2025JPMorgan (Arif Khan)T4
STALEWEAK_TIER
2AKinexys cumulative volume>3$tnDec 2025JPMorganT4
STALEWEAK_TIER
3AKinexys average daily volume (later)~7$bn/dayApr 2026American Banker / PYMNTST3
4AJ.P. Morgan total payments per day>10$tn/day2025American BankerT3
STALE
5ABlackRock BUIDL AUM1.7-2.9$bn2025-26RWA.xyz / Yahoo FinanceT2/T3
CONFLICT
6ABUIDL cumulative dividends~100$mDec 2025MessariT5
STALEWEAK_TIER
7ABUIDL networks9chainsNov 2025SecuritizeT4
STALEWEAK_TIER
8ABENJI/FOBXX suite AUM1.98$bn29 Apr 2026Stellar / FranklinT4
WEAK_TIER
9AFOBXX AUM~742-828$mQ1 2026Stellar pressT4
WEAK_TIERCONFLICT
10ABENJI 7-day effective yield3.58%8 Apr 2026aggregatorT5
WEAK_TIER
11AWisdomTree WTGXX AUM~764.9$m2026 (cut)KuCoin / RWA.xyzT5/T2
WEAK_TIER
12ACiti Token Services volumebillions since 2024$2024-25CitiT1
STALEVAGUE
13AHSBC Gold Token traded value>1$bn2024-26HSBCT4
STALEWEAK_TIER
14ABroadridge DLR monthly settlement8.0$tnJul 2026BroadridgeT1/T4
CONFLICT
15ABroadridge DLR average daily volume~365$bn/dayJul 2026BroadridgeT1/T4
16AStablecoin total market cap~316$bn12 Jun 2026DefiLlamaT2
17AUSDT market cap / share~187 / 59$bn / %12 Jun 2026DefiLlamaT2
18AUSDC market cap / share~75 / 24$bn / %12 Jun 2026DefiLlamaT2
19APYUSD peak then contraction~4.2 -> ~2.7-2.9$bnMar-mid 2026DefiLlama / CoinDeskT2/T3
20AVisa stablecoin settlement run-rate7$bn annualisedApr 2026VisaT1
21AVisa stablecoin settlement run-rate (earlier)~3.5$bn annualised30 Nov 2025VisaT1
STALE
22AStripe/Bridge acquisition price1.1$bnclosed Feb 2025CoinDeskT3
STALE
23ATempo raise / valuation500 at 5000$m at $m valOct 2025Ledger InsightsT3
STALE
24AEthereum tokenised RWA (absolute)~17.3$bn / 2,090 RWAsAug 2026RWA.xyzT2
CONFLICT
25ATotal tokenised RWA ex-stablecoins~33.5$bnJul 2026RWA.xyzT2
CONFLICT
26AEthereum share of tokenised RWA value58-63 (34 low, 68 outlier)%Aug 2026yellow.com / The BlockT5
WEAK_TIERCONFLICT
27ATokenised Treasuries on Ethereum~7.1 of ~34.67$bnAug 2026RWA.xyzT2
28ATokenised equity: BNB Chain vs Ethereum1.2 vs ~0.8$bn31 Aug 2026RWA.xyzT2
29Awe.trade losses vs revenue>8 loss on ~4 rev$m2020S&P Global / Ledger InsightsT3
STALE
30AMarco Polo cumulative losses~85$mby 2021Ledger Insights / Irish TimesT3
STALE
31AASX CHESS replacement write-off245-255 (~US$165m)A$mNov 2022Finextra / iTnewsT3
STALE
32AASX CHESS software completion~63%2022ASIC / pressT1/T3
STALE
33AIBBIC investment5/bank, ~90 total (~$10-12m)Rs crJun 2021Ledger Insights / ETT3
STALE
34AIBBIC LC processing time reduction~75 (8-9d -> 2-3d)%n/acrypto mediaT5
WEAK_TIERUNVERIFIED
35BSEBI DLT covenant system - issuers onboarded4,291issuersFY25Cognizant case studyT4
STALEWEAK_TIER
36BSEBI DLT - secured ISINs mapped6,368 (~90)ISINs / %FY25CognizantT4
STALEWEAK_TIER
37BSEBI DLT - trustee-approved ISINs6,366 (>95)ISINs / %FY25CognizantT4
STALEWEAK_TIER
38BNSDL registered issuers79,773 (6,287 listed)issuers31 Mar 2025NSDL RHPT1
STALE
39Be-Rupee in circulation1,016.5 (~$115m)Rs crMar 2025RBI Annual ReportT1
STALECONFLICT
40Be-Rupee in circulation FY26 (declined)771.7 (-24%)Rs crMar 2026RBI Annual Report FY26T1
CONFLICT
41Be-Rupee retail users / banks~6m / 17users / banksMar 2025RBI Annual ReportT1
STALE
42Be-Rupee retail cumulative transactions~120m / >28,000txns / Rs cr5 Dec 2025Dep. Governor speechT3
STALE
43Be-Rupee users / transactions (mid-2026)~12m / >175m / ~400users / txns / Rs bn2 Jul 2026Governor speechT3
44BBinance FIU-IND penalty18.82 (~$2.25m)Rs crJun 2024pressT3/T4
STALE
45BVDA tax rate30 + 4 cess%currentIncome-tax Act s.115BBHT1
CURRENT
46BVDA TDS1 above 10k (50k specified)% / RscurrentIncome-tax Act s.194ST1
CURRENT
47BDPDP Act maximum penalty250 per contraventionRs cr2023DPDP Act 2023 s.33T1
CURRENT
48BGST on crypto platform services18%~Jul 2025advisory blogsT5
STALEWEAK_TIERUNVERIFIED
49BGST rate deliberated (not enacted)28%2022Business StandardT3
STALE
50BGIFT City real-estate tokenisation deal~7 / 150k min$m / $n/aCoinGeekT5
WEAK_TIERUNVERIFIED
51BIFSCA RWA tokenisation consultation paper1paper26 Feb 2025IFSCAT1
STALE
52BUK Digital Securities Sandbox duration5 from 8 Jan 2024years2024Bank of England / FCAT1
STALE
53BEU DLT Pilot Regime derogation capup to 6yearsReg 2022/858EU Regulation 2022/858T1
STALE
54CCorporate bonds outstanding53.6 lakhRs crFY25RBI FSR / NITI AayogT1
STALE
55CCorporate bond fresh issuance9.9 lakhRs crFY25NITI AayogT1
STALE
56CCorporate bond daily secondary turnover7,645/day (3.8%/mo)Rs crFY25RBI Annual Report / FSRT1
STALE
57CG-sec annual settlement value1,812 lakhRs cr2024RBI Payment Systems ReportT1
STALE
58CCCIL weekly market repo8.4 lakh/wkRs crMar 2025CCILT1
STALE
59CRTGS annual settlement value1,938 lakh (~7.75L/day)Rs crCY2024RBI Payment Systems ReportT1
STALE
60CInward remittances129US$bn2024World BankT2
STALE
61CRemittances (RBI, FY25)135.46US$bnFY25RBI / PIBT1
STALE
62CRemittance cost to India (banks channel)<6 (banks 12.66)%Q1 2024World Bank RPW Issue 49T2
STALECONFLICT
63CMSME credit gap25 lakhRs crMar 2025DeloitteT3
STALE
64CMSMEs with formal credit access14%Jun 2026DeloitteT3
65CTReDS discounting3.47 lakhRs crFY26PIB / Min. MSMET1
66CMutual fund AUM65.74 lakh (May26: 81.58)Rs crMar 2025AMFIT2
STALE
67CAIF commitments13.49 lakh (Dec25: 15.74)Rs crMar 2025SEBI / IVCA-CrisilT2
STALE
68CPrivate credit (AIF Cat II subset)~1.95 lakhRs crDec 2024Treelife / IBEF citing SEBIT2/T3
STALE
69CNPS + APY AUM16.55 lakhRs cr29 Mar 2026PFRDAT1
70CEPFO corpus~31.2 lakhRs crAug 2026Avendus / Business TodayT3
71CTrade finance covered vs required28.5 of 284% of US$bn2025ADB / DGFTT1/T2
STALE
72CHousehold gold (stock; MS valuation)~25,000t (MS 34,600t / $3.79tn)tonnes / $tn2024-25WGC / HSBC; Morgan StanleyT2/T3
STALEDERIVED
73CIEPF unclaimed dividend corpus~5,262Rs crFY22IEPFAT1
STALE
74CIEPF refunded over two years77.82 / 4.36cr shares / 75,417 claimsRs crJul 2026IEPFA / ParliamentT1
75CPNB-Nirav Modi fraud14,356.84 (~$2.1bn)Rs crreported May 2018Wikipedia / FinowingsT5/T3
STALEWEAK_TIER
76CeBG issuance time reduction (vendor)3-5 days -> 2-4 hrstimen/aNeSLT4
WEAK_TIER
77CTREP daily average~4.3 lakhRs crMar 2025CCILT1
STALE
78Ce-Rupee-W pilot-week volume287.5-572.5/dayRs crNov 2022CCIL / Business StandardT3
STALE
79CFX rate used (Module C)95.45Rs/USD31 Aug 2026CEIC / RBIT2
CONFLICT
80DEthereum uptime (no chain halt)0 halts since 30 Jul 2015haltsAug 2026ethereumuptime.comT5
WEAK_TIER
81DSolana network outages>=11 (2020-24)outages2024Helius / MEXCT5
STALEWEAK_TIER
82DEthereum average transaction fee~0.16-0.22$/txMar 2026CoinLawT5
STALEWEAK_TIER
83DEthereum economic finality~12.8 (2 epochs)minutes2026ethereum.orgT4
STALEWEAK_TIER
84DBroadridge DLR monthly (Jan/Mar/Jun)7.3 / 8.0 / 7.5$tn2026BroadridgeT4
WEAK_TIERCONFLICT
85DCanton represented asset value~344.8$bn12 May 2026RWA.xyzT2
86DCanton public TVL~961$kJun 2026DefiLlamaT2
87DCross-chain bridge hacks 20222 / 13 hacks / 69$bn / count / %2022ChainalysisT2
STALE
88DCrypto theft total 2025>3.4$bnDec 2025ChainalysisT2
STALE
89DDPRK-linked theft 20252.02$bnDec 2025ChainalysisT2
STALE
90DIndia share of global Web3 developers15.2%Mar 2026Hashed EmergentT3/T4
STALEWEAK_TIER
91DIndia new-developer onboarding 202417 of 39,148%2024Electric CapitalT2
STALE
92DUPI monthly volume (Module D)24.51bn / 29.82 lakhtxns / Rs crAug 2026NPCIT3
93DArbitrum RWA value / holders~0.85 / 10,713$bn / holdersAug 2026RWA.xyzT2
94DZKsync RWA value / holders~0.96 / 266$bn / holdersAug 2026RWA.xyzT2
95DSolana RWA value / holders~4.1 / 357k$bn / holdersAug 2026RWA.xyzT2
96DSolana share of tokenised-equity volume97%Q2 2026BlockworksT3
97DAvalanche RWA value~1.7$bnAug 2026RWA.xyzT2
98DStellar RWA value~3.3$bnAug 2026RWA.xyzT2
99DDigital Asset funding rounds~135 (2025) / ~300 at ~2,000 (2026)$m / val2025-26CoinDeskT3
STALECONFLICT
100FBybit hack (ETH)1.5$bnFeb 2025ChainalysisT2
STALE
101FCrypto scams / fraud 2025~17 (>=14 on-chain)$bn13 Jan 2026ChainalysisT2
STALE
102FImpersonation scam YoY growth1,400%2025ChainalysisT2
STALE
103FDeFi protocol losses 2025 (vs 2022)680 (-74%)$mJan 2026ImmunefiT2
STALE
104FPersonal-wallet compromise 2025158,000 / 713cases / $m2025ChainalysisT2
STALE
105FStablecoin market cap (Module E)314.68 / 382 coins$bn21 Jun 2026DefiLlamaT2
106FStablecoin market cap all-time high322.4$bn17 May 2026DefiLlamaT2
107FOn-chain insurance active coverage130.2 (-20.2%), ~0.9% of losses$m27 Aug 2026CoinGeckoT4
WEAK_TIER
108FUninsured share of crypto holders89 (11 insured)%2024GlobalDataT4
STALEWEAK_TIER
109FDeFi exploits count Q2 202699 (record)exploitsQ2 2026DefiLlamaT2
110FMarsh crypto insurance facility825 Lloyd's-backed$mMar 2024MarshT4
STALEWEAK_TIER
111FFATF Rec.15 non/partial compliance65 (43 partial, 22 non)%Apr 2026FATFT1
112FAccount Aggregator linked accounts326.30mcumulativeJul 2026SahamatiT2
113FAccount Aggregator fulfilled consents538.32mcumulativeJul 2026SahamatiT2
114FAA enabled-to-linked conversion<10 (284.6m of 2.88bn)%Mar 2026Sahamati / IMPRIT2/T3
STALE
115GNSDL commenced operations20 Nov 1996date1996Depositories Act / SEBIT1
HISTORICAL
116GDemat mandatory for institutionsJan 1998, 8 scripsdate1998SEBI Annual Report 1998-99T1
HISTORICAL
117GDemat mandatory for all investors4 Jan 1999date1999SEBI Annual ReportT1
HISTORICAL
118GNSDL investor accounts~5.0m (4,989,734)accounts29 Feb 2004NSDL Nest UpdateT1
HISTORICAL
119GNSDL demat custody value9,53,914 (~$108bn)Rs crFeb 2004NSDLT1
HISTORICAL
120GUPI participating banks21 -> 741banks2016 -> Jul 2026PIB / NPCIT1
121GUPI volume FY17 -> FY261.78cr -> 24,162crtxnsFY26PIBT1
122GUPI monthly (Aug 2026)24.51bn / 29.82 lakhtxns / Rs crAug 2026NPCIT3
123GUPI zero-MDR incentive 2021-258,730 (~$986m)Rs cr2021-25Standing Committee 32nd ReportT1
STALE
124GUPI incentive FY243,631Rs crFY24Ministry of FinanceT1
STALE
125GUPI incentive cost-recovery~11 of cost / ~14 of MDR%Mar 2026Standing Committee / DFST1
STALE
126GAadhaar Sec 57 struck down26 Sep 2018date2018Supreme CourtT1
HISTORICAL
127GAA linked / enabled (Module F)326.30m / 538.32mcumulativeJul 2026SahamatiT2
DUP
128GONDC scale1,200+ cities / 7L+ sellerscities / sellersearly 2025Business StandardT3
STALE
129GONDC retail orders peak -> trough6.5m (Oct24) -> 4.6m (Feb25)orders/mo2024-25Business StandardT3
STALE
130GONDC service fee1.5/txn above 250RsApr 2025Policy CircleT3
STALE
131GRTGS live26 Mar 2004date2004BIS / RBIT1
HISTORICAL
132GNEFT launchNov 2005date2005RBIT1
HISTORICAL
133GNACH replaced ECS1 May 2016date2016NPCIT1
HISTORICAL
134GSibos 2025 attendance>12,500 / 168 countriesattendeesOct 2025SWIFT / SibosT4
STALEWEAK_TIER
135GPoint Zero Forum 2025>2,000 / 60 countries / ~1/3 publicparticipantsMay 2025Point Zero Forum / GDFT4
STALEWEAK_TIER
136GToken2049 Singapore 2025~25,000 / ~7,000 cosattendeesOct 2025Token2049T4
STALEWEAK_TIER
137GDevconnect 2025 attendance14,000+ / 130+ countriesattendeesNov 2025Ethereum FoundationT1
STALE
138GGlobal Fintech Fest 2024>80,000 / 120 central bankersparticipants2024GFF / Business StandardT4/T3
STALEWEAK_TIER
139CFX rate (Modules A/B convention)88Rs/USDlate Aug 2026RBI reference (approx)T2
CONFLICT
140ERailgun shielded volume, 2025~1.6$bnOct 2025DL NewsT3
STALEWEAK_TIERCONFLICT
141ERailgun cumulative shielded volume since 2021 launch~4$bnOct 2025DL NewsT3
STALEWEAK_TIERCONFLICT
142EEnterprise privacy solutions rated generally available (of 7 profiled)1solutionsApr 2026EEA Privacy WG, State of Privacy on Ethereum for Enterprise v1T1
143EEnterprise privacy solutions still at pilot stage (of 7 profiled)5solutionsApr 2026EEA Privacy WG, State of Privacy on Ethereum for Enterprise v1T1
144ENamed fund managers with privacy-wrapped tokenised MMFs live via Archax on Silent Data4managers (Aberdeen, BlackRock, Fidelity Intl, State Street)19 Feb 2026Applied Blockchain / Archax release; Asset Servicing TimesT4/T3
STALEWEAK_TIER
145EAztec Ignition mainnet activation (validators in queue at launch)500validators20 Nov 2025Aztec / The BlockT4/T3
STALEWEAK_TIER
146EAztec Alpha V5 transaction fee<0.05$/tx21 Jul 2026Aztec (project-reported)T4
WEAK_TIERUNVERIFIED
147EAztec Alpha V5 private-transaction proving time on a consumer laptop~2.5seconds21 Jul 2026Aztec (project-reported)T4
WEAK_TIERUNVERIFIED
148ESWIFT shared ledger (built on Linea) banks at initial use17banks9 Jul 2026SWIFT press releaseT1
149ESWIFT/Linea private-testnet pilot participants12+banksSep 2025EEA Privacy WG reportT1
STALEVAGUE
150EKohaku wallet privacy SDK release (Ethereum Foundation)1release25 May 2026Crypto Briefing / The DefiantT5
WEAK_TIER
151EEU AMLR (Reg. (EU) 2024/1624) application date; anonymous accounts and AEC handling barred for CASPs2027-07-01date1 Jul 2027EUR-LexT1
CURRENT
152EEU AMLR customer due diligence threshold for crypto transfers1,000EUR1 Jul 2027EUR-LexT1
CURRENT
153EFIU-IND 2026 AML/CFT guidelines: permitted AEC deposit/withdrawal flows for reporting entities0permitted flows2026Law-firm summary of FIU-IND guidelines; primary circular not locatedT3
STALEUNVERIFIED
154ETornado Cash removed from the OFAC sanctions list1delistingMar 2025US Treasury / OFACT1
HISTORICAL
155EUS v. Storm: counts convicted at trial, of three charged1counts6 Aug 2025SDNY verdict; DOJ retrial sought ~Oct 2026T3
STALEWEAK_TIER
156BDemat 2.0 tokenised corporate bond pilot: total raised1,025Rs cr10 Sep 2026SEBI PR 56/2026T1
157BREC tokenised bond issuance (first under Demat 2.0)500Rs cr7 Sep 2026SEBI PR 56/2026; Business StandardT1
158BREC tokenised bond: bid book796Rs cr7 Sep 2026Business StandardT3
159BREC tokenised bond: coupon7.30% p.a.7 Sep 2026Business StandardT3
160BL&T tokenised bond issuance500Rs cr9 Sep 2026Business StandardT3
161BIIFL Finance tokenised bond issuance25Rs cr9 Sep 2026Business Standard; The BlockT3
162BRBI UMI: cumulative tokenised certificate-of-deposit transactions248transactions9 Sep 2026P Vasudevan, ED RBI, at GFF 2026 (Medianama)T3
163BRBI UMI: cumulative tokenised certificate-of-deposit value~17,000Rs cr9 Sep 2026P Vasudevan, ED RBI, at GFF 2026 (Medianama)T3
VAGUE
164CMaharashtra DELTA Act: claimed dormant land value~50 lakhRs cr9 Sep 2026CM Fadnavis at GFF 2026 (Business Today)T3
DERIVED
165DDaml contributor base~200contributorsJan 2026EthSystems, Public rails vs private ledgersT4
STALEWEAK_TIER
166DCanton protocol-change threshold2/3Super Validator voteJan 2026EthSystems, Public rails vs private ledgersT4
STALEWEAK_TIER
167DZenith (EVM layer on Canton) mainnet statusNot live; external_call() scheduled for Canton 3.6statusJul 2026Canton Network blog (Mar 2026); Canton Network Forum (Jul 2026)T4
WEAK_TIER