The Standard · Public overview
Nobody accepts a hallmark you stamped on your own gold.
A fund’s own memo is homework it graded itself. The moment an allocator or a diligence reviewer asks who checked this, “we did” stops working. That is the work we do.
Verdict discipline
Six domain verdicts. Nothing above them.
The Standard tests whether specified claims are supported by specified evidence on a specified date. It does not turn those findings into a project-level endorsement.
What Mjolnir is not
- Not a statutory auditor
- No statutory audit is performed and no audit opinion is given.
- Not a credit rating agency
- No creditworthiness assessment, default probability, rating scale or aggregate score.
- Not an investment adviser
- No recommendation, valuation, price view or suitability opinion.
- Not a security auditor
- Technical claims cover review provenance and observable control configuration — not whether code is secure.
- Not a legal adviser
- Legal claims record disclosures and public-register results — not whether a legal position is correct.
- Not a fraud detector
- An evidence process can expose contradictions. It cannot establish future honesty or detect every deception.
- Not a guarantor
- No record promises that a subject will not fail, be exploited or change after the evidence cutoff.
Division of responsibility
One record does not replace every specialist.
Mjolnir connects decision-relevant evidence and records what is supported, conflicting and unresolved. Each specialist remains responsible for opinions within their discipline, and the client retains the final decision.
- Evidence reconciliation and decision record
- Mjolnir Capital
- Legal enforceability and legal opinions
- Qualified counsel
- Audited financial information and audit opinions
- Appointed auditor
- Independent valuation opinions
- Qualified valuation provider
- Custody, control or security assurance
- Relevant specialist
- Final investment, lending or counterparty decision
- Commissioning client
What is assessed
The same domains institutional diligence already runs.
Six of them, so an assessment reads natively to a committee rather than asking it to learn a private vocabulary first.
- Team and governance integrity
- Identity, legal entity, treasury and upgrade control, key-person dependency.
- Technical control environment
- Review provenance, deployed control configuration, upgradeability and oracle dependencies.
- Supply, distribution and unlocks
- Supply reconciliation, concentration, vesting enforcement and scheduled releases.
- Venue and liquidity structure
- Venue concentration, observable liquidity, bridge exposure and reported-volume divergence.
- Legal and regulatory disclosure
- What the subject has disclosed and what named public registers show — never a legal opinion.
- Custody and operational continuity
- Treasury control, custody model, signer diversity, continuity and incident evidence.
Verdicts
Three verdicts, and all three get used.
- Verified
- The claim was checked against evidence that is archived and re-checkable.
- Conditional
- The claim holds only under stated conditions, and the conditions are named.
- Declined to assess
- The evidence needed does not exist or was not provided. A standard that never declines is a logo.
No assessment is issued until its public registry record is available. Each record carries a serial, the Standard and checklist versions, the evidence cutoff, an expiry, the analyst of record and its review status. Where independent review is required, the record also names the reviewer of record.
Declined to Assess is a domain verdict and is published on the registry record. An intake refusal is not a verdict and is outside this publication rule.
When an error, omission or material contradiction is identified, the record status is updated and a permanent correction statement is published. The original history remains visible.
Independence
Investors commission assessments. Subjects cannot buy one.
A subject that has received issuer-side advisory or Investor Outreach work from Mjolnir waits six months before it can be assessed. Any later assessment requires an independent reviewer who had no part in that work and who signs alongside the analyst. No staffing exception applies to a conflict case. Every assessment identifies its commissioning party or, where naming is not permitted, states the commissioning category and reason for anonymity.
Advisory and Investor Outreach working papers are quarantined from any later assessment of the same subject.
Where independent review is not required, the analyst of record is solely accountable for the assessment. The registry record states that no independent reviewer participated.
The control is the separation, not the wait. A cooling-off period alone would still let one person advise, assess and sign — the exact arrangement this standard exists to refuse.
Private evidence memos remain private. A registry record publishes the defined scope, evidence classes, domain verdicts, exclusions and correction history required by the Standard; confidential artifacts are identified without being exposed.
Complete methodology
The overview is short. The governing text is not.
Read every domain rule, mandatory claim, evidence threshold, exclusion, no-go trigger, independence control and correction procedure in the complete version.
Standard overview · v1.0 governs now · v1.1 issued 12 August 2026 and effective 11 September 2026. Changes are versioned with 30 days’ notice. Assessments are informational verification of disclosed information. They are not investment advice, an offer, a solicitation, or a credit rating.