RCA Issuer Transparency Index — methodology and first cut

18 Aug 2026

Eight public-evidence fields, four coverage labels, no safety colour. Issuers cannot buy a higher score. A commercial relationship cannot move a field from unverified to verified.

Public authority on evidence coverage, plus a structured dataset for enterprise use.

Highlights

Fields: entity, control, rights, valuation, custody, transfer, contract admin, disclosure history.
Labels: limited, fragmented, developing, strong.
Registered funds and EMT issuers cluster higher because the regime already demands documents.
Private-market origination vehicles cluster lower on public sources, whatever the private data room contains.

RCA publishes source-linked intelligence for professionals. Nothing here is a token-buying call, a legal opinion, or an “approved / safe / regulated” badge. Every material claim is dated. Incomplete files stay incomplete.