Skip to content
Sign inAccount
Menu
Sign inAccount
Provenance BlockchainHASHRare
77/100STRICT
Rare
#125market cap21 Oct 2026

Provenance Blockchain

HASH
RWA, payments and rwa weightsMarket-cap rank 125, CoinGecko 23 Oct 2026
Fundamentals, not price
PillarRatingPosition on the 0 to 100 scaleWeightAdds
Sustainability85×0.2420.40
Transparency82×0.2016.40
Revenue78×0.1612.48
Innovation75×0.129.00
Community63×0.127.56
Tokenomics70×0.1611.20
Weighted sum, weights total 1.0077.04Rounds to the published score77
Analysed
21 Oct 2026
Engine
v5.2.0
Computed
2026-10-21 11:28 UTC
Inputs hash
89952a2d3911

Pro opens Provenance Blockchain in full. Change, scenario, signal, risk factors, catalysts.

See plans

Research, not financial advice. Read the terms.

Pillar evidence

Input set 21 Oct 2026. 6 sources, 12 citations.
Each arc is one pillar rating, drawn to scale from 0 to 100.
Sustainability85

Can this project keep operating and funding itself for years?

Provenance operates on the Cosmos SDK for institutional financial workflows. Over $12 billion in tokenized credit and home equity loans anchor long-term network activity.12

Transparency82

Can outsiders see and check what the team and the protocol do?

Core node software, protocol modules, and governance proposals are openly published on GitHub. Public documentation details token distribution and validator operations.34

Revenue78

Does the protocol earn real fees or income from use?

Institutional asset origination, bilateral transfers, and settlement auctions generate recurring dollar-denominated network fees. Validators and delegators earn real fee revenue without inflationary subsidies.51

Innovation75

Is the technology being built and shipped, and does it matter?

Native Cosmos SDK modules handle KYC identity attributes, asset markers, and bilateral settlement at the protocol layer. CometBFT consensus delivers sub-second finality.35

Community63

Who uses, builds and holds it, and how durable is that base?

Enterprise adoption from Figure Technologies and institutional credit originators is substantial. However, public retail participation and independent developer activity remain modest.42

Tokenomics70

Do supply, issuance and unlocks protect holders from dilution?

Approximately 59.3% of the 100 billion maximum supply circulates with zero block-reward inflation and fee-burn auctions. Thin secondary liquidity and 40.7% uncirculated supply cap the score.61

Sources

About Provenance Blockchain

Analysis of 21 Oct 2026

Provenance Blockchain (HASH) is a Layer 1 network built on the Cosmos SDK for regulated institutional asset tokenization. CometBFT consensus provides sub-second transaction finality and Inter-Blockchain Communication compatibility for regulated financial institutions.

Full overviewShow less

As of October 2026, 59.3 billion HASH tokens circulate out of a fixed 100 billion maximum supply. Onchain protocols host over $12 billion in tokenized real-world assets across consumer loans, mortgages, and private credit.

Figure Technologies originates the majority of home equity credit lines recorded on the ledger. Meanwhile, the OPEN network settles blockchain-native equity and debt instruments without traditional custodian intermediaries.

Protocol modules enforce identity verification, asset markers, and bilateral settlement rules directly at the state machine layer. Network participants use HASH for flat transaction fees, validator staking, governance votes, and fee-burning settlement auctions.

Investment thesis

Provenance Blockchain targets institutional real-world asset infrastructure through production loan origination and bilateral secondary settlement. Over $12 billion in consumer credit and home equity loans operate onchain via Figure Technologies and partner lenders.

Full thesisShow less

The OPEN network extends this infrastructure to registered corporate equity and private credit markets. Unlike inflationary Proof-of-Stake chains, Provenance distributes zero block-reward inflation to validators.

Staking yields come strictly from dollar-denominated network transaction fees and settlement auctions that permanently burn HASH. However, secondary market structure remains the primary obstacle for public token investors.

As of October 2026, daily trading volume sits near $42,000 against a $443 million market capitalization. This thin order-book depth creates substantial slippage for institutional position sizing.

Additionally, 40.7 billion HASH tokens remain uncirculated out of the 100 billion maximum supply. Real enterprise adoption and fee-driven staking support an ACCUMULATE posture, provided investors size positions for constrained exchange liquidity.

Strengths
  • Production scale exceeds $12 billion in tokenized consumer loans, home equity lines, and private credit hosted onchain.
  • The OPEN network provides operational blockchain-native equity and debt settlement without third-party clearing custodians.
  • Zero inflationary block rewards mean validator staking yields derive entirely from real network transaction fees.
  • Deflationary settlement auctions permanently burn winning HASH bids from the 100 billion maximum supply.
  • Cosmos SDK compliance modules enforce KYC attributes and asset transfer rules directly at the protocol level.
Risks
  • Thin secondary market liquidity with daily trading volume near $42,000 against a $443 million market cap as of October 2026.
  • Approximately 40.7% of the 100 billion maximum supply remains uncirculated as of October 2026, creating long-term dilution overhang.
  • High origination concentration around Figure Technologies loan volume exposes the ledger to single-partner business risk.
  • Limited tier-one centralized exchange access restricts retail discovery and institutional liquidity onboarding.
Competitive position

Provenance Blockchain competes in institutional RWA tokenization against Ethereum, Canton Network, Polymesh, and Stellar. While Ethereum leads in tokenized US Treasury funds and DeFi composability, Provenance dominates onchain consumer credit and HELOC origination.

Full positionShow less

Protocol-level metadata and marker modules allow regulated lenders to issue and settle assets without custom smart contract vulnerabilities. However, Ethereum and Solana maintain far deeper secondary exchange liquidity and broader developer ecosystems.

Provenance remains heavily reliant on Figure Technologies for transaction flow and must diversify issuer adoption to defend its RWA share.

Conclusion

Provenance Blockchain pairs over $12 billion in live tokenized credit assets with a 77/100 STRICT score and a 4/10 risk rating. Zero block-reward inflation and fee-burning settlement auctions link network usage directly to HASH token demand.

Full conclusionShow less

However, daily trading volume near $42,000 as of October 2026 creates severe execution friction for larger allocations. The ACCUMULATE rating holds for long-term RWA infrastructure exposure using limit orders.

Watch for sustained daily volume above $500,000 or a tier-one exchange listing in Q1 2027 before scaling position size.