About Crypto XVA and the author — the brand surface for research.crypto-xva.app.
Draft: April 22, 2026. Flagged sections for David to review and edit before publication.
Crypto XVA is a valuation-adjustment framework for programmable finance. It extends the XVA methodology that has governed counterparty and funding risk in institutional derivatives markets for more than two decades — CVA, DVA, FVA, KVA, MVA — to the risk surfaces that did not exist when those frameworks were built: oracle risk, bridge risk, liquidity-redemption risk, smart-contract risk, governance risk, and composability risk.
The framework is designed for institutions that need to price, hedge, or avoid the risks embedded in digital-asset positions: bank treasuries, asset managers, auditors working under ASC 820 and IFRS 13, and the market-data providers that serve them. Its purpose is diagnostic: to make visible the specific channels through which a tokenized asset, a programmable settlement rail, or a composed lending position can transmit loss — and to render those channels as instruments that can be observed, measured, and priced.
David Martin is the author. Treasury operations, project management, systems solutions, sales, implementations, and consulting.
The founding academic document is the SSRN working paper Crypto XVA: A Conceptual Framework (revised April 2026). Long-form research essays appear on this site. Companion Gamma decks, LinkedIn articles, and the interactive prototype at crypto-xva.app extend the framework into applied contexts.
Contact: david@crypto-xva.app
Crypto XVA™ is a trademark of David Martin, USPTO-registered March 2026.