Independent research on the infrastructure of regulated digital finance.
A non-profit Swiss Verein based in Zürich. We publish long-form research on tokenization, AI verification, stablecoins and cross-border settlement, and market structure — and convene working groups that move the practical plumbing forward. We do not sell, do not consult, and do not take commercial mandates.
A research institute, nothing else.
An independent, non-profit institute. A Swiss Verein governed by its members, funded by donations and research grants, with fellows drawn from across the field.
Research papers, policy briefs, standards drafts — plus convened working groups that turn the research into practical specifications. All published openly.
Commercial services, paid consulting, investment advice, or advocacy for a particular technology stack. We hold no equity, take no fees, and earn no commissions.
Four fields, studied in depth.
Tokenization & RWA standards
Asset representation, share classes, legal wrappers, SPV structures, and the software contracts that bind them.
AI for verification & authenticity
Agentic compliance, cryptographic attestations, and the authenticity of off-chain claims about real-world assets.
Stablecoins & cross-border settlement
Regulated stablecoin frameworks (MiCA, GENIUS Act), DvP cash legs, and the quiet displacement of correspondent banking.
Market structure & regulation
Secondary markets, broker-dealer rails, transfer agent reform, 12(g) thresholds, and the institutional plumbing beneath them.
Recent publications.
The Maldives and the rewiring of global finance
A reading of the institutional tokenised-settlement record in 2026, the standards consensus on artificial intelligence in regulated workflows, and where a small island developing state in the Maldives' configuration sits relative to both. One paper, two extracts, two two-page briefings.
Designing blockchain ecosystems for Small Island Developing States in 2026
Institutional surface, geopolitical configuration, and architectural layering — a discussion paper on how SIDS (Pacific, Caribbean, and AIS) should approach institutional tokenisation, wholesale settlement infrastructure, regulated stablecoin rails, verifiable digital identity, and programmable compliance, in a global financial system that is being rewired in 2026 along bloc lines.
Working groups that turn research into practical specifications.
Technical interlocutors in the two fields moving fastest.
The Association develops its technical positions in open dialogue with leading practitioners in institutional tokenized finance and decentralized AI. These are non-commercial, advisory engagements — no fees, no equity, no endorsements exchanged.
Canton Foundation
The Canton Foundation stewards the Canton Network and its ecosystem of institutional participants. The Association's working groups on tokenization standards and cross-border settlement draw on deep technical engagement across the Canton ecosystem — the venue where the largest share of production-grade regulated tokenized infrastructure is being built today.
canton.network ↗Tenzro Network
Tenzro Network is the Association's anchor partner on decentralized AI infrastructure. The AI-attestation working group develops its technical positions in dialogue with Tenzro's work on distributed inference, model provenance, and verification of AI outputs — the practical plumbing that determines whether AI becomes a supervisable category in regulated finance.
tenzro.com ↗All interlocutor relationships are technical and advisory. No fees, no equity, no commercial exchange. Neither party holds editorial or publication rights over the Association's work.
A research institute, accountable to its members.
The Boli Association is a non-profit Swiss Verein. It holds no equity in any company, takes no commercial mandates, sells no services, and earns no fees. Its operating budget comes from charitable donations and research grants, all disclosed in the annual report.
Engagement with the Boli platform is at the research level only. The Boli Standards Proposals are designed by the Boli Foundation, separately; the Association does not author, edit, or govern the standards. The Association is not the publisher of the platform whitepaper, issues no tokens, and is not a member of the Foundation.
Governance sits with the Verein membership. Fellows hold academic tenure or senior independent affiliations. Research conclusions are published without donor or interlocutor sign-off, and the Association retains the right to publish findings critical of any organisation — including its donors — when the evidence warrants.
The full constitution, donor list, and financial statements are available on our governance page.