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    "id": "markets-research",
    "name": "DN Markets Research Dataset",
    "version": "1.4.0",
    "canonicalUrl": "https://decentralised.news/markets"
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  "summary": "Versioned DN research directory covering crypto benchmark designs, tokenised instrument structures, AI value-chain exposure and institutional diligence fields.",
  "scope": "A selective research directory of benchmark designs, product structures and AI value-chain exposure. Inclusion is editorial coverage, not an investment ranking, endorsement or eligibility determination. No live prices, constituent weights, performance series or execution observations are collected. AI categories and diligence questions are DN interpretations of linked primary sources. Review dates describe our source review, not provider release dates. Individual token records identify issuer and reference asset separately. Network labels are documentary evidence, not verified contracts or trading routes; unverified fields remain explicit. This version combines separately dated section reviews. All four editorial sections now have a completed scoped review. Dataset-level reviewedAt is the oldest completed section date, a conservative freshness baseline; it is not a same-day full review. Section reviews and record dates identify the actual scope. lastFullReviewAt preserves the prior full-review date. Framework references inform DN-authored prompts; they do not endorse this worksheet or certify compliance.",
  "evidenceType": "editorial-primary-source-research-dataset",
  "verification": {
    "reviewedAt": "2026-10-23",
    "sectionReviews": {
      "tokenised-stocks": {
        "reviewedAt": "2026-10-23",
        "reviewIntervalDays": 14,
        "scope": "Three tokenised-exposure structures, two issuer profiles and six instrument records; 13 official source pages. No contract, execution, redemption or eligibility tests."
      },
      "crypto-indexes": {
        "reviewedAt": "2026-10-25",
        "reviewIntervalDays": 14,
        "scope": "Five benchmark records; S&P methodology, two CF product pages and CF Capitalization Series methodology. No index levels, constituent weights, tracking-error or investible-wrapper tests."
      },
      "ai-stocks": {
        "reviewedAt": "2026-10-25",
        "reviewIntervalDays": 14,
        "scope": "Six business-exposure records; seven issuer reports or announcements. DN categories are not measured AI revenue shares, valuations or recommendations."
      },
      "institutional": {
        "reviewedAt": "2026-10-25",
        "reviewIntervalDays": 14,
        "scope": "Eight DN-authored diligence prompts checked against three official framework references. No client documents, counterparty controls or jurisdiction-specific compliance were verified."
      }
    },
    "reviewNote": "Tokenised-stock evidence retains its 23 October review and 6 November deadline. Crypto-index, AI-stock and institutional framework reviews are dated 25 October and due 8 November. The previously outstanding 28 October institutional review is complete. The earliest next section review is 6 November; publication and download dates do not refresh evidence.",
    "reviewDateBasis": "oldest-completed-section",
    "lastFullReviewAt": "2026-10-14",
    "reviewIntervalDays": 14,
    "reviewStatus": "dn-editorial-research",
    "reviewer": "Decentralised News editorial research",
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  "methodology": {
    "name": "DN Markets Research methodology",
    "url": "https://decentralised.news/markets#methodology",
    "note": "A selective research directory of benchmark designs, product structures and AI value-chain exposure. Inclusion is editorial coverage, not an investment ranking, endorsement or eligibility determination. No live prices, constituent weights, performance series or execution observations are collected. AI categories and diligence questions are DN interpretations of linked primary sources. Review dates describe our source review, not provider release dates. Individual token records identify issuer and reference asset separately. Network labels are documentary evidence, not verified contracts or trading routes; unverified fields remain explicit. This version combines separately dated section reviews. All four editorial sections now have a completed scoped review. Dataset-level reviewedAt is the oldest completed section date, a conservative freshness baseline; it is not a same-day full review. Section reviews and record dates identify the actual scope. lastFullReviewAt preserves the prior full-review date. Framework references inform DN-authored prompts; they do not endorse this worksheet or certify compliance."
  },
  "dataset": {
    "name": "DN Markets Research Dataset",
    "description": "Selective versioned research records for benchmark construction, tokenised instrument rights, AI business exposure and institutional diligence. No live prices, constituent weights, performance series or execution observations are collected.",
    "version": "1.4.0",
    "rowCount": 30,
    "sourceCount": 27,
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      "tokenised stocks",
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      "institutional diligence",
      "benchmark methodology",
      "instrument structure"
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    "rows": [
      {
        "recordType": "crypto-index",
        "id": "sp-btc",
        "name": "S&P Bitcoin Index",
        "category": "Single asset",
        "exposure": "A benchmark tracking Bitcoin, rather than a diversified crypto portfolio.",
        "conditions": "The benchmark is not itself an investment product. The methodology distinguishes the standard 4pm ET price capture from the separate CET-close variant; confirm the exact series, currency and wrapper fees.",
        "question": "Does the chosen investible wrapper track this exact variant after fees?",
        "sourceIds": [
          "sp"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "crypto-index",
        "id": "sp-eth",
        "name": "S&P Ethereum Index",
        "category": "Single asset",
        "exposure": "A benchmark tracking Ether. Holding an index-linked product need not provide staking income.",
        "conditions": "The methodology distinguishes standard and CET-close variants. Check the exact return series and wrapper terms separately; this directory does not establish that staking income is included.",
        "question": "Is staking income included, excluded or retained by the product provider?",
        "sourceIds": [
          "sp"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "crypto-index",
        "id": "sp-mega",
        "name": "S&P Cryptocurrency MegaCap Index",
        "category": "Multi asset",
        "exposure": "Combines Bitcoin and Ether within the S&P digital-assets methodology.",
        "conditions": "The standard MegaCap methodology weights Bitcoin and Ether by market capitalisation; a separate equal-weight variant exists. Two assets are not broad sector coverage. Current weights and index levels are not reproduced here.",
        "question": "How much of the portfolio is driven by its largest constituent?",
        "sourceIds": [
          "sp"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "crypto-index",
        "id": "cf-div",
        "name": "CF Broad Cap · Diversified Weight · London Settlement",
        "category": "Multi asset",
        "exposure": "Targets broad investible digital-asset exposure with weighting designed to reduce dominance.",
        "conditions": "The 99% target applies to the eligible investible universe, not every token. This is the London settlement variant with quarterly rebalancing and diversified free-float weighting; a spot-rate series is separate. Reference time and publication time are different fields.",
        "question": "Does the mandate match this exact weighting, return series and London reference time, including publication delay?",
        "sourceIds": [
          "cf",
          "cfmethod"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "crypto-index",
        "id": "cf-float",
        "name": "CF Broad Cap · Free Float · US Settlement",
        "category": "Multi asset",
        "exposure": "Weights eligible digital assets by free-float market capitalisation.",
        "conditions": "The provider specifies quarterly reconstitution and rebalancing, with a 4pm New York reference time for this daily settlement variant. Publication follows the methodology timetable. London and spot-rate variants are separate benchmarks.",
        "question": "How does free float differ from circulating supply in the proposed mandate?",
        "sourceIds": [
          "cff",
          "cfmethod"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "tokenised-exposure",
        "id": "ondo-stocks",
        "name": "Ondo tokenised stocks",
        "category": "Tokenised exposure",
        "exposure": "Issuer-linked exposure to underlying assets with documented redemption rights.",
        "conditions": "The provider describes a structured note with redemption for then-value and a security interest, without underlying shareholder voting or information rights. Off-hours availability and size limits vary by asset; spreads and price divergence can increase when the reference market is closed.",
        "question": "Identify issuer, instrument terms, redemption eligibility, asset segregation and insolvency treatment.",
        "sourceIds": [
          "ondo",
          "ondor"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "tokenised-exposure",
        "id": "xstocks-spot",
        "name": "xStocks · tokenised equities",
        "category": "Tokenised exposure",
        "exposure": "Tokenised exposure whose rights differ from direct ownership of the referenced stock.",
        "conditions": "Kraken describes no underlying shareholder voting or information rights, with dividends reflected through token-balance adjustments. Issuer redemption and a venue sale are different exit routes, with fees and access conditions.",
        "question": "Check issuer documents, contract address, units per token and how distributions affect the token balance.",
        "sourceIds": [
          "xstocks",
          "xrights"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "tokenised-exposure",
        "id": "xstocks-perps",
        "name": "xStocks · perpetual contracts",
        "category": "Derivative",
        "exposure": "A derivative referencing an equity-related price, rather than the underlying share.",
        "conditions": "The Kraken guide describes cash-settled perpetual exposure without share ownership or dividend entitlement. Outside reference-market hours, its stated pricing follows onchain token trading; this does not establish parity with an executable share price.",
        "question": "Check contract specification, financing, margin, oracle and liquidation rules before comparing with a spot token.",
        "sourceIds": [
          "perps"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "ai-stock",
        "id": "nvda",
        "name": "NVIDIA · NVDA",
        "category": "Compute",
        "exposure": "Accelerated-computing and data-centre infrastructure exposure.",
        "conditions": "DN classification of accelerated-computing exposure, not a measured AI revenue percentage or valuation judgement. The cited fiscal Q2 2027 release reports Data Center revenue; DN does not treat that total as a verified AI-only split.",
        "question": "Separate demand growth from customer concentration, supply commitments and capital-cycle exposure.",
        "sourceIds": [
          "nvidia"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "ai-stock",
        "id": "amd",
        "name": "AMD · AMD",
        "category": "Compute",
        "exposure": "Data-centre CPUs and AI accelerators alongside other computing businesses.",
        "conditions": "The Q2 2026 release attributes Data Center growth to both EPYC processors and Instinct GPUs. That segment total is not an AI-only revenue measure.",
        "question": "How much growth comes from CPUs, accelerators, pricing and shipment timing?",
        "sourceIds": [
          "amd"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "ai-stock",
        "id": "msft",
        "name": "Microsoft · MSFT",
        "category": "Cloud & software",
        "exposure": "Cloud infrastructure and software distribution provide different paths to AI monetisation.",
        "conditions": "The fiscal 2026 report separates business segments and describes cloud and AI offerings within broader revenue categories. DN does not classify consolidated, Intelligent Cloud or Azure revenue as pure AI revenue.",
        "question": "Do usage, pricing and margins justify infrastructure commitments, cash capital expenditure and the separate depreciation expense?",
        "sourceIds": [
          "microsoft"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "ai-stock",
        "id": "googl",
        "name": "Alphabet · GOOGL",
        "category": "Cloud & software",
        "exposure": "AI infrastructure, cloud services and application distribution sit within a broader business.",
        "conditions": "The Q2 release describes AI infrastructure and solutions alongside core GCP services. Google Cloud and advertising totals are not an isolated AI revenue line; product adoption is not the same as realised profit.",
        "question": "How do infrastructure investment and AI product adoption affect monetisation and margins?",
        "sourceIds": [
          "alphabet"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "ai-stock",
        "id": "tsm",
        "name": "TSMC · TSM / 2330",
        "category": "Manufacturing",
        "exposure": "Advanced manufacturing and packaging support customers building AI hardware.",
        "conditions": "Advanced-node wafer revenue is not an AI-only revenue measure. The NYSE depositary instrument and Taiwan-listed share differ; check currency, depositary terms and market hours separately.",
        "question": "What capacity, packaging, customer and geopolitical dependencies matter to the mandate?",
        "sourceIds": [
          "tsmc",
          "tsmcq3"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "ai-stock",
        "id": "vrt",
        "name": "Vertiv · VRT",
        "category": "Power & cooling",
        "exposure": "Power and thermal infrastructure serve data centres, including AI workloads.",
        "conditions": "The July announcement describes planned capacity and testing expansion. It does not establish completed capacity, recognised AI revenue or cash conversion. DN has not independently verified commissioning.",
        "question": "How do orders convert to revenue and cash, and what capacity or execution constraints remain?",
        "sourceIds": [
          "vertiv"
        ],
        "reviewedAt": "2026-10-25",
        "evidence": "Provider documentation",
        "marketData": "Not collected"
      },
      {
        "recordType": "diligence",
        "id": "mandate",
        "label": "Mandate and instrument identity",
        "ask": "Record the legal instrument, issuer, identifier and permitted investment mandate.",
        "evidenceToRequest": "Approved mandate, instrument terms and issuer identifier; record who can approve exceptions.",
        "sourceIds": [
          "fsb-framework"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Mandate and instrument identity"
      },
      {
        "recordType": "diligence",
        "id": "rights",
        "label": "Rights and enforceability",
        "ask": "Obtain governing terms for ownership, distributions, redemption and insolvency claims.",
        "evidenceToRequest": "Governing terms, distribution and redemption provisions, and a qualified legal review of enforceability and insolvency priority.",
        "sourceIds": [
          "fsb-framework",
          "iosco-fsb-summary"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Rights and enforceability"
      },
      {
        "recordType": "diligence",
        "id": "access",
        "label": "Jurisdiction and client eligibility",
        "ask": "Document entity-specific access and the applicable legal review. An IP location is not an eligibility decision.",
        "evidenceToRequest": "Dated issuer and venue eligibility terms, entity classification and jurisdiction-specific legal assessment; identify restrictions still unresolved.",
        "sourceIds": [
          "fsb-framework",
          "iosco-fsb-summary"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Jurisdiction and client eligibility"
      },
      {
        "recordType": "diligence",
        "id": "custody",
        "label": "Custody and asset segregation",
        "ask": "Identify custodians, omnibus arrangements, segregation and independent assurance scope.",
        "evidenceToRequest": "Custody agreement, segregation and reconciliation procedures, and assurance reports with their scope, date and exclusions.",
        "sourceIds": [
          "iosco-fsb-summary"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Custody and asset segregation"
      },
      {
        "recordType": "diligence",
        "id": "liquidity",
        "label": "Liquidity and exit process",
        "ask": "Record executable size, spreads, redemption windows, suspension rights and settlement path.",
        "evidenceToRequest": "Exit and suspension terms, settlement timetable and dated size/spread observations; distinguish contractual rights from tested execution.",
        "sourceIds": [
          "fsb-framework"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Liquidity and exit process"
      },
      {
        "recordType": "diligence",
        "id": "pricing",
        "label": "Pricing and valuation",
        "ask": "Record source, timestamp, currency, units, market session and stale-price handling.",
        "evidenceToRequest": "Valuation policy and quote records with timestamps, units, currency, session and stale-price exceptions.",
        "sourceIds": [
          "fsb-framework"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Pricing and valuation"
      },
      {
        "recordType": "diligence",
        "id": "operations",
        "label": "Operational controls",
        "ask": "Document permissions, recovery, reconciliation, incident escalation and counterparty dependencies.",
        "evidenceToRequest": "Access-control ownership, recovery-test results, incident escalation contacts and a dependency inventory; record unresolved control gaps.",
        "sourceIds": [
          "nist-csf",
          "iosco-fsb-summary"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Operational controls"
      },
      {
        "recordType": "diligence",
        "id": "data",
        "label": "Data rights and maintenance",
        "ask": "Confirm redistribution licences, source provenance, review owner and expiry or update triggers.",
        "evidenceToRequest": "Data licence, provenance register and named maintenance owner with review dates and update triggers.",
        "sourceIds": [
          "fsb-framework",
          "nist-csf"
        ],
        "reviewedAt": "2026-10-25",
        "name": "Data rights and maintenance"
      },
      {
        "recordType": "instrument-profile",
        "id": "xstocks",
        "name": "xStocks",
        "issuer": "Backed Assets (JE) Limited",
        "structure": "Tracker certificate",
        "rights": "Economic exposure to the reference asset; no underlying shareholder voting or information rights.",
        "redemption": "Kraken distinguishes selling on its venue from redeeming with Backed, which can incur additional fees. Check issuer onboarding and product terms. Neither documented backing nor a venue balance establishes immediate exit liquidity; DN has not tested redemption.",
        "restrictions": "Issuer and venue restrictions must both be checked. Kraken currently lists US, Canada, UK and Australia exclusions for its retail offering; this is not a universal issuer eligibility list. No individual eligibility conclusion is made.",
        "unitBasis": "Do not assume a wallet balance, wrapped token or corporate-action adjustment represents one unchanged share.",
        "sourceIds": [
          "xrights",
          "nvdax"
        ],
        "reviewedAt": "2026-10-23"
      },
      {
        "recordType": "instrument-profile",
        "id": "ondo",
        "name": "Ondo Stocks",
        "issuer": "Ondo Global Markets (BVI) Limited",
        "structure": "Structured note",
        "rights": "Debt claim linked to the reference asset, with a security interest held for tokenholders; no underlying shareholder voting or information rights.",
        "redemption": "Issuer onboarding is required. The documentation describes USDon settlement with optional USDC conversion dependent on swapper liquidity. Direct swapper access requires whitelisting and currently has no user interface; confirm the supported route and asset/session conditions. DN has not tested redemption.",
        "restrictions": "US persons and US-originating buy orders are excluded. The issuer also lists prohibited jurisdictions and investor-category restrictions. EEA availability varies by token and investor category; prospectus approval does not establish personal eligibility or endorse the instrument.",
        "unitBasis": "Total-return tracking can change the reference units represented by one token over time.",
        "sourceIds": [
          "ondo",
          "ondoredeem",
          "ondoeligibility",
          "ondor"
        ],
        "reviewedAt": "2026-10-23"
      },
      {
        "recordType": "instrument",
        "id": "nvdax",
        "ticker": "NVDAx",
        "name": "NVIDIA xStock",
        "profileId": "xstocks",
        "underlying": "NVIDIA Corporation",
        "referenceTicker": "NVDA",
        "referenceType": "Company share",
        "networks": [
          "Ethereum",
          "Solana"
        ],
        "networkEvidence": "Ethereum and Solana are named by the issuer. Exact contracts and venue deposit/withdrawal support remain unverified; a venue may support different deployments.",
        "sourceIds": [
          "nvdax"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Issuer documentation",
        "marketData": "Not collected",
        "contractVerification": "Not performed",
        "referenceUnitsPerToken": null
      },
      {
        "recordType": "instrument",
        "id": "nvdaon",
        "ticker": "NVDAon",
        "name": "NVIDIA (Ondo Tokenized)",
        "profileId": "ondo",
        "underlying": "NVIDIA Corporation",
        "referenceTicker": "NVDA",
        "referenceType": "Company share",
        "networks": [],
        "networkEvidence": "Instrument identity and reference asset were rechecked. The retrieved chain labels and abbreviated address did not establish a verified deployment or contract. Confirm the exact issuer chain and full contract before use.",
        "sourceIds": [
          "nvdaon"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Issuer documentation",
        "marketData": "Not collected",
        "contractVerification": "Not performed",
        "referenceUnitsPerToken": null
      },
      {
        "recordType": "instrument",
        "id": "aaplx",
        "ticker": "AAPLx",
        "name": "Apple xStock",
        "profileId": "xstocks",
        "underlying": "Apple Inc.",
        "referenceTicker": "AAPL",
        "referenceType": "Company share",
        "networks": [
          "Ethereum",
          "Solana"
        ],
        "networkEvidence": "Ethereum and Solana are named by the issuer. Exact contracts and venue deposit/withdrawal support remain unverified; a venue may support different deployments.",
        "sourceIds": [
          "aaplx"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Issuer documentation",
        "marketData": "Not collected",
        "contractVerification": "Not performed",
        "referenceUnitsPerToken": null
      },
      {
        "recordType": "instrument",
        "id": "aaplon",
        "ticker": "AAPLon",
        "name": "Apple (Ondo Tokenized)",
        "profileId": "ondo",
        "underlying": "Apple Inc.",
        "referenceTicker": "AAPL",
        "referenceType": "Company share",
        "networks": [],
        "networkEvidence": "Instrument identity and reference asset were rechecked. The retrieved chain labels and abbreviated address did not establish a verified deployment or contract. Confirm the exact issuer chain and full contract before use.",
        "sourceIds": [
          "aaplon"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Issuer documentation",
        "marketData": "Not collected",
        "contractVerification": "Not performed",
        "referenceUnitsPerToken": null
      },
      {
        "recordType": "instrument",
        "id": "spyx",
        "ticker": "SPYx",
        "name": "SPDR S&P 500 ETF xStock",
        "profileId": "xstocks",
        "underlying": "SPDR S&P 500 ETF Trust",
        "referenceTicker": "SPY",
        "referenceType": "ETF",
        "networks": [
          "Ethereum",
          "Solana"
        ],
        "networkEvidence": "Ethereum and Solana are named by the issuer. Exact contracts and venue deposit/withdrawal support remain unverified; a venue may support different deployments.",
        "sourceIds": [
          "spyx"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Issuer documentation",
        "marketData": "Not collected",
        "contractVerification": "Not performed",
        "referenceUnitsPerToken": null
      },
      {
        "recordType": "instrument",
        "id": "spyon",
        "ticker": "SPYon",
        "name": "SPDR S&P 500 ETF (Ondo Tokenized)",
        "profileId": "ondo",
        "underlying": "SPDR S&P 500 ETF Trust",
        "referenceTicker": "SPY",
        "referenceType": "ETF",
        "networks": [],
        "networkEvidence": "Instrument identity and reference asset were rechecked. The retrieved chain labels and abbreviated address did not establish a verified deployment or contract. Confirm the exact issuer chain and full contract before use.",
        "sourceIds": [
          "spyon"
        ],
        "reviewedAt": "2026-10-23",
        "evidence": "Issuer documentation",
        "marketData": "Not collected",
        "contractVerification": "Not performed",
        "referenceUnitsPerToken": null
      }
    ]
  },
  "definedTerms": [],
  "limitations": [
    "A selective research directory of benchmark designs, product structures and AI value-chain exposure. Inclusion is editorial coverage, not an investment ranking, endorsement or eligibility determination. No live prices, constituent weights, performance series or execution observations are collected. AI categories and diligence questions are DN interpretations of linked primary sources. Review dates describe our source review, not provider release dates. Individual token records identify issuer and reference asset separately. Network labels are documentary evidence, not verified contracts or trading routes; unverified fields remain explicit. This version combines separately dated section reviews. All four editorial sections now have a completed scoped review. Dataset-level reviewedAt is the oldest completed section date, a conservative freshness baseline; it is not a same-day full review. Section reviews and record dates identify the actual scope. lastFullReviewAt preserves the prior full-review date. Framework references inform DN-authored prompts; they do not endorse this worksheet or certify compliance.",
    "Selective editorial coverage, not a complete market inventory, ranking, endorsement or eligibility determination.",
    "No live prices, constituent weights, performance series or execution observations are collected.",
    "Network labels are documentary evidence, not verified contract addresses or trading routes.",
    "No production certification or independent review is claimed."
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