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.
Award Categories
The TADS Awards presents ten (10) awards in total for the two Award Categories (that is, five awards for each category):
| Best of Class TADS (for asset issuers) |
| Equity-Backed Token |
| Asset-Backed Token |
| Tokenized Debt Token |
| NFT Token |
| ESG / SDG Token |
| Eco-System Excellence (for service providers) |
| KYC / Compliance |
| Token Issuance |
| Digital Custodian |
| Security Token Exchange |
| Digital Asset Management |
Eligibility
TADS Awards accepts nominations globally. Nominees shall have ready services / products, reasoned management team with financially stable company background.
Nominations & Application
Nominations can be via self-submission or submission by a third-party Nominator. There is no cost associated for any stage of the TADS Awards, and nominees can withdraw at any time.
NOTE :
– Nominee, the principal applicant or contestant for this award (“Project”)
– Nominator, a third-party company who is nominating a Project as the Nominee
– Projects nominated by any of the committee members, global ambassadors and partners listed on the TADS Awards site will be entitled to 5% bonus points due to additional level of pre-vetting and pre-qualification work.
Application (Comprising Part-1 and Part-2)
Part-1 : Basic Information
- Either the Nominee (for self-submissions) or a Nominator will submit the Application Form online;
- For Part-1 of the Application (this form here), only basic information of Nominee and Nominator are required;
- The Nominator (if applicable) will receive a confirmation email for them to confirm their nomination to the Nominee (Project);
- The Nominee (Project) will receive a confirmation email, with a special URL accessing a new form to continue Part-2 of the application process.
Part-2 : Project Detail
- After completion of the four steps of Part-1 above, the Application will proceed to Part-2.
- In Part-2 of application, Nominee (Project) is required to fill in detailed information of Project and to provide supporting materials & documentations of the Application.
Vetting
A Vetting / Audit Committee will conduct screening, qualifying and auditing of information submitted by the nominee. Shortlisted candidates will be passed to Award Committee for grading, judging and selection of winners at the next stage.
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:
The “BEST OF CLASS TADS” category is for the issuers of different types of digitized securities. The judging criteria is based on:
The “ECO-SYSTEM EXCELLENCE” category is for the technology / service providers along the value chain. The judging criteria is based on:
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 (Tokenized Assets & Digitized Securities) |
| 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 (Vertical Solutions) |
| 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. |
Key Dates
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
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.
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 Nov 3rd
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.