What is TADS Awards
The tokenized assets industry is a game-changer. The World Economic Forum forecasts that by 2027, 10% of the world’s GDP will be tokenized — with an estimated market capitalization of US$24 trillion.
The Tokenized Assets & Digital Securities Awards (“TADS Awards”) is the world’s first annual international awards for Tokenized Assets & Digital Securities sector. It celebrates this industry by recognizing and honoring significant contributions and distinguished achievements worldwide. Hosted annually, the TADS Awards brings together individuals and businesses to share the energy that tokenization brings to the financial sector.
TADS Awards also aims to nurture the growth of these specific industries by jointly establishing “best practices” and setting “measuring standards” for high-quality tokenized assets and digitized securities, together with other industry leaders on the global market.
TADS Awards 2021
For TADS Awards 2021, a special mid-year awards has been hosted in Japan in June. Winners from the Mid Year TADS Awards Tokyo has automatically qualify as finalists in the year-end awards that will be hosted later in November 2021 in Hong Kong. The year-end awards will be a full-scale awards ceremony with a total of ten winners selected from two awards categories (five awards for each category) with the newly added NFT Token Award and NFT Platform Award. In addition, numerous a number of Rising Stars Awards have been created to encourage start-up companies and recognize innovative proof-of-concept projects in these industries.
Award Categories
The TADS Awards presents twelve (12) awards in total for the two Award Categories (that is, six awards for each category), including Rising Stars awards aiming to encourage start up companies and recognize innovative proof-of-concept projects in this industry.
| Best of Class TADS (For Asset Issuers) |
| Equity / Income-Backed Token |
| Asset / Fiat-Backed Token |
| Tokenized Debt Token / Loan |
| Non-Fungible Token (NFT) |
| ESG / SDG Token |
TADS Rising Stars
| Eco-System Excellence (For Service / Solution providers) |
| KYC / Compliance |
| Securitization / Tokenization |
| Custodian / Asset Management |
| NFT Platform |
| Brokerage / Liquidity / Yield |
Ecosystem Rising Stars
“TADS AWARDS GALA 2021”
Awards Presentation Ceremony
Hosted in a different country annually, “TADS AWARDS GALA” will certainly be one of the most anticipated highlights of the year, with announcement of winners.
TADS AWARDS GALA 2021 — the inaugural ceremony of the TADS Awards in 2021 will be hosted in Hong Kong. As an established global financial centre with a strong FinTech ecosystem, Hong Kong is a magnificent hub for the convergence of the conventional capital market with the digital asset world.
Keynote Speakers
Mr. King Leung
Head of FinTech
InvestHK
Dr. George Lam
Chairman
Hong Kong Cyberport
Prof. David LEE
Professor
Singapore University of Social Sciences
Due to COVID-19 health precautions, the “TADS AWARDS GALA 2021 ” award presentation ceremony will be broadcast online worldwide during
Hong Kong Fintech Week
on 5th of November from 8:00-9:00 pm (Hong Kong time).
Judging Criteria
The Asia Pacific Digital Economy Institute, organizer of the TADS Awards, appoints two independent judging panels (“Awards Committees”) each year, one Awards Committee for each Award Category.
Awards Committee members are carefully selected to ensure the process is fair and objective, and will include experts from across the financial technology and financial services sectors. Each member of the Awards Committee is bound by a strict confidentiality agreement and are required to declare any conflict of interest in relation to applications over which they deliberate and to stand aside from deliberations where there is a conflict.
Awards Committee will select winners from the two Awards Categories based on the below judging criteria:
Each Awards Committee will base their score for each entry according to:
1) the judging criteria of the respective Award Category;
2) information provided in the application form, and
3) any substantiating evidence uploaded or shared with the application.
Each member of the respective Awards Committee will score entries independently and then review scores collectively to make a final decision.
| Best of Class TADS (For Asset Issuers) |
| Economic viability |
| The methods of economic analysis used, including but not limited to the payback period method, internal rate of return method, and net present value method. |
| Innovation |
| The novelty of financial products which apply technology and creativity, and which utilize unique aspects of TADS to design a product that differs from the status quo. |
| Risk management |
| The ability to manage risk on underlying investments in order to protect overall risk exposure of investors by issuers of such products. (TADS are essentially financial investment products.) |
| Corporate Governance |
| The use by issuers of technology to enhance internal governance, improve transparency and accuracy to financial products. (Blockchain technology is core to TADS products.) |
| Compliance |
| The demonstration of compliance in relation to local and/or international securities laws and regulations of their respective jurisdiction is fundamental. (TADS are considered as securities in most jurisdictions.) |
| Eco-System Excellence (For Service / Solution providers) |
| Ingenuity |
| The idea / solution in relation to the project is inventive, smart and easily adapts to being a practical application for users. |
| Impact |
| The innovation has a material and sustained impact on the project as measured by directly or indirectly improving the competitive advantage of the underlying TADS and / or ability to improve the work process of the issuers. |
| Practicality |
| The solution offers a practical way to effectively deal with some of the key challenges faced by issuers. The ability to deliver key value propositions and to bring results are vital. |
| Compliance |
| The solution demonstrates the ability to enhance compliance with local and international regulations, in addition to specific client mandates. |
| Cost Efficiency |
| The cost efficiency of the solution, taking into account the scalability, sustainability and long term profitability of the solution. Cost efficiency is at the core empowering these factors. |
Winner’s Package
Winners for TADS Awards will entitled to below benefits –
| Feature in award results press release |
| Authorized usage of TADS Awards icon * |
| Receive of electronic certificate ** |
| Receive of trophy |
| Video interview ** |
| Special package to market & promote project at GOIR * |
| Production of case studies on project or solution ** |
* Also available to Finalists
** Available to Finalists upon request
Frequently Asked Questions
Q: What is TADS?
A: Please have a look at this video
Q: What are entry requirements?
A: TADS Awards accepts nominations globally. Nominees shall have ready services / products, reasoned management team with financially stable company background.
Q: Where can I find out more about TADS?
A: Please have a look at this video
Q: How do I apply?
A: You can apply through the site’s Methodology section “Nominations” (https://tadsawards.org/nomination/)
Q: What are the judging criteria?
A: The judging criteria for digitized securities is based on: Innovation, Economic Viability, Risk Management, Corporate Governance & Compliance. The judging criteria for the technology / service providers along the value chain is based on: Impact, Ingenuity, Cost, Efficiency, Practicality & Compliance (https://tadsawards.org/#judging)
Q: Who are the judges?
A: Awards Committee members are carefully selected to ensure the process is fair and objective, and will include experts from across the financial technology and financial services sectors. (https://tadsawards.org/committees/)
Q: What is the application process?
A: The application process has 2 parts to it. Part 1 requires you to fill out all of the basic information about a Nominee. Part 2 will be sent to your email where you will be required to fill out detailed information on a project with supporting documents.
Q: What will happen when I’ve sent my application?
A: After applying, you will get a confirmation email to inform you that your application was received. The applications will then all be reviewed and scored by the judges.
Q: What should I include in my application?
A: All of the information required for Part 1 & Part 2 of the application process. ( https://tadsawards.org/methodology/#nomination)
Q: When is the deadline?
A: Countdown to nomination end date – 24:00hr Sep 30th
Q: How much does it cost to enter the awards ceremony?
A: There is no cost associated for any stage of the TADS Awards, and nominees can withdraw at any time.