Insights

Methodology. Markets.
Digital Assets.

Research and analysis from IVA Digital Asset on valuation methodology, regulatory developments, and the infrastructure digital asset markets still need.

Methodology

Market Multiples for Digital Assets: Relative Valuation in a New Asset Class

How the familiar logic of relative valuation translates to blockchain-based assets, and where data challenges require a new kind of due diligence. Covering MC/Protocol Revenue, MC/TVL, MC/Hash Rate, peer group selection, marketability discounts, and blockage.

Published in European Business Valuation Magazine 1/2026

Julian Creutzmann, M.Sc. & Manuel Bitschnau, M.Sc., CVA

Read in EBVM

The European Business Valuation Magazine is available to registered CDAV Community Observers. Registration is free of charge.