Market Data Infrastructure
How DALP's integrated market data infrastructure provides regulated institutions with reliable, auditable pricing and exchange rate data for digital asset operations.
Pricing integrity as a regulatory requirement
For regulated financial institutions, reliable and auditable pricing data is not optional — it is a regulatory requirement. Asset valuations determine compliance thresholds, redemption amounts, yield calculations, and investor reporting. When pricing data is unreliable, every downstream operation is exposed.
Traditional approaches to digital asset pricing rely on external price oracle services with opaque provenance, off-chain data feeds that cannot be independently audited, or manual price updates that introduce operational risk and lag. None of these approaches meet the standards that regulated institutions and their regulators expect.
What DALP provides
DALP includes a purpose-built market data infrastructure — the Feeds system — that gives institutions direct control over the pricing and exchange rate data that governs their digital asset operations.
The Feeds system provides:
A centralized, authoritative data registry All price and exchange rate feeds are registered in a single directory. Any operation on the platform that requires pricing — compliance checks, yield calculations, redemption valuations — draws from this registry. There is one authoritative source of truth for all pricing operations.
Issuer-controlled pricing Asset issuers can publish cryptographically signed pricing data directly from their own systems. Each price update carries the issuer's digital signature — independently verifiable proof that the issuer stands behind the published value. This is the institutional equivalent of an issuer's authorized valuation, published on-chain with full traceability.
External feed integration with address stability Where market prices are sourced from external data providers, DALP's adapter layer maintains a stable integration point. Underlying data providers can be changed — to a more reliable source, a newer version, or an in-house feed — without disrupting any system that consumes the data. Integrations point to a stable address that always resolves to the current authoritative feed.
Full auditability Every price update is recorded on-chain with a timestamp and, for issuer-signed feeds, a cryptographic signature. The complete pricing history is available for regulatory reporting, audit inquiries, and dispute resolution.
Business impact
| Capability | Business impact |
|---|---|
| Issuer-signed pricing | Immutable, verifiable record of authorized valuations — no dispute over which price was used for a given operation |
| Centralized feed registry | Consistent pricing across all assets and operations — no divergence between what compliance checks use and what reporting shows |
| On-chain price history | Audit-ready pricing records without manual data extraction or reconciliation |
| Stable feed addresses | Seamless upgrade of data providers without breaking existing integrations |
| Drift protection | Automatic detection of anomalous price updates — safeguard against erroneous or manipulated data |
Who manages market data
The Feeds system operates under role-based access control. Only personnel assigned the Feeds Manager role can register, update, or remove feeds. This restriction ensures that critical financial data cannot be modified by unauthorized parties — a governance control that regulators and internal risk teams expect.
Regulatory alignment
Reliable on-chain pricing supports compliance with:
- MiCA (EU) — Valuation and redemption obligations for asset-referenced tokens and e-money tokens
- AIFMD / UCITS — NAV calculation requirements for fund-like instruments
- IFRS 13 — Fair value measurement requirements for financial reporting
- MAS (Singapore) — Pricing transparency requirements for digital capital market services
Related resources
- Architecture: Feeds System — Registry, feed types, and trust model
Compliance & security
Compliance failures cost millions in fines, legal fees, and lost trust. DALP eliminates that risk by embedding regulatory controls directly into every transaction, making compliance automatic rather than aspirational. This page explains how DALP's architecture prevents violations before they happen and gives risk committees the evidence they need to approve your platform.
Glossary
Key terminology for digital asset platforms and tokenization. These terms connect directly to DALP lifecycle capabilities—from DvP settlement and vault custody to automated yield distribution—giving you the vocabulary to evaluate platform features and operational dashboards.