KISMET CONSULTING MAKE THE FUTURE HAPPEN
Kismet is a leading organization in virtual assets rating, focused on creating value through thought leadership. Kismet’s methodologies and rating solutions, help countries and Virtual Asset Service Providers (VASP) to increase trust and credibility and enable stakeholders to identify opportunities, manage the risks of doing business with Virtual Assets (VA), and make better decisions.
The Kismet people come from diverse generations and have varied cultural backgrounds. They have solid academic and distinct professional experience. Together they identify risks that countries and VASP are exposed to and design solutions to manage them in a sustainable manner
COMPREHENSIVE RISK RATING SUITE TO FOSTER THE CREDIBILITY OF VIRTUAL ASSETS SERVICE PROVIDERS IN GLOBAL MARKETS
The conceptual framework
In the conceptual framework, the different concepts related to VA and VASP are defined, to facilitate a broad understanding about complex concepts, by providing a common language, between the different key actors and between them and all the other stakeholders.
The recommendations establish the basic principles for the implementation and management of a VA ecosystem, at strategic, legal and regulatory level, as well as regarding operational and risk management, aiming for medium and long-term sustainability.
The Risk Assessment Methodology
The risk assessment methodology defines the set of rules to be applied to assess the correct adoption and implementation of the recommendations.
The rating methodology
Pathway to rating
Your VASP’s pathway to receiving a rating could vary based on different factors, namely company size, industry and services provided.
Explanation by Kismet’s team of the rating assignment process and its different stages.
Questionnaire sent by Kismet to be completed by VASP, aiming to obtain the specific characteristics of the organization and to adapt the survey to the specific context.
Kick-off meeting of the rating process with definition of specific steps and respective timetable.
Survey sent by Kismet to be answered by the VASP.
Meeting for joint discussion of survey responses.
Submission of evidence by VASP to Kismet to support survey responses.
Quantification of inherent and residual risk, by Kismet, according to the respective risk assessment methodology.
Meeting for joint discussion of the risk assessment.
Elaboration of the rating report by Kismet.
Meeting for joint discussion of the draft version of the report.
Delivery of the final report and rating result.
This is a process that typically takes about six to 12 months, and in some cases, this period may exceed this period due to the size of certain VASP.