{
  "name": "Altitude Production Ledger",
  "index_name": "Altitude Intelligence Index",
  "as_of": "2026-07-18",
  "metrics": {
    "aii_pct": 66.67,
    "median_lag_months": 23.65,
    "stalled_count": 0,
    "cohort_size": 24
  },
  "initiatives": [
    {
      "initiative_id": "asx-dlt-chess-replacement",
      "name": "ASX DLT-based CHESS replacement",
      "operator_id": "asx",
      "operator_name": "Australian Securities Exchange (ASX)",
      "current_status": "abandoned",
      "evidence_grade": "T2",
      "announced_on": "2017-12-07",
      "first_production_on": null,
      "last_evidence_on": "2022-11-17",
      "stalled": false
    },
    {
      "initiative_id": "b3i",
      "name": "Blockchain Insurance Industry Initiative (B3i)",
      "operator_id": "b3i-services",
      "operator_name": "B3i Services AG",
      "current_status": "abandoned",
      "evidence_grade": "T1",
      "announced_on": "2016-10-19",
      "first_production_on": null,
      "last_evidence_on": "2022-07-28",
      "stalled": false
    },
    {
      "initiative_id": "blackrock-buidl",
      "name": "BlackRock USD Institutional Digital Liquidity Fund (BUIDL)",
      "operator_id": "blackrock",
      "operator_name": "BlackRock",
      "current_status": "production",
      "evidence_grade": "T1",
      "announced_on": "2024-03-20",
      "first_production_on": "2024-03-20",
      "last_evidence_on": "2024-03-20",
      "stalled": false
    },
    {
      "initiative_id": "broadridge-dlr",
      "name": "Broadridge Distributed Ledger Repo (DLR)",
      "operator_id": "broadridge",
      "operator_name": "Broadridge Financial Solutions",
      "current_status": "scaled",
      "evidence_grade": "T2",
      "announced_on": "2021-06-14",
      "first_production_on": "2026-06-30",
      "last_evidence_on": "2026-06-30",
      "stalled": false
    },
    {
      "initiative_id": "canton-network",
      "name": "Canton Network Global Synchronizer",
      "operator_id": "digital-asset",
      "operator_name": "Digital Asset",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2023-05-09",
      "first_production_on": "2024-07-01",
      "last_evidence_on": "2024-07-01",
      "stalled": false
    },
    {
      "initiative_id": "citadel-layerzero-zero",
      "name": "LayerZero Zero network",
      "operator_id": "citadel-securities",
      "operator_name": "Citadel Securities",
      "current_status": "announced",
      "evidence_grade": "T3",
      "announced_on": "2026-07-16",
      "first_production_on": null,
      "last_evidence_on": "2026-07-16",
      "stalled": false
    },
    {
      "initiative_id": "diem",
      "name": "Diem digital currency network",
      "operator_id": "diem-association",
      "operator_name": "Diem Association",
      "current_status": "abandoned",
      "evidence_grade": "T2",
      "announced_on": "2019-06-18",
      "first_production_on": null,
      "last_evidence_on": "2022-01-31",
      "stalled": false
    },
    {
      "initiative_id": "dtcc-project-ion",
      "name": "DTCC Project Ion",
      "operator_id": "dtcc",
      "operator_name": "The Depository Trust & Clearing Corporation (DTCC)",
      "current_status": "limited-production",
      "evidence_grade": "T2",
      "announced_on": "2020-05-18",
      "first_production_on": "2022-08-22",
      "last_evidence_on": "2022-08-22",
      "stalled": false
    },
    {
      "initiative_id": "dtcc-tokenization-service",
      "name": "DTCC Tokenization Service",
      "operator_id": "dtcc",
      "operator_name": "The Depository Trust & Clearing Corporation (DTCC)",
      "current_status": "limited-production",
      "evidence_grade": "T2",
      "announced_on": "2026-05-04",
      "first_production_on": "2026-07-15",
      "last_evidence_on": "2026-07-15",
      "stalled": false
    },
    {
      "initiative_id": "fnality-sterling",
      "name": "Sterling Fnality Payment System",
      "operator_id": "fnality-international",
      "operator_name": "Fnality International",
      "current_status": "limited-production",
      "evidence_grade": "T2",
      "announced_on": "2019-05-13",
      "first_production_on": "2023-12-14",
      "last_evidence_on": "2023-12-14",
      "stalled": false
    },
    {
      "initiative_id": "franklin-benji",
      "name": "Franklin OnChain U.S. Government Money Fund (BENJI)",
      "operator_id": "franklin-templeton",
      "operator_name": "Franklin Templeton",
      "current_status": "production",
      "evidence_grade": "T1",
      "announced_on": "2021-04-06",
      "first_production_on": "2021-04-06",
      "last_evidence_on": "2021-04-06",
      "stalled": false
    },
    {
      "initiative_id": "glacis-zerodelta",
      "name": "Glacis ZeroDelta",
      "operator_id": "glacis-labs",
      "operator_name": "Glacis Labs",
      "current_status": "pilot",
      "evidence_grade": "T3",
      "announced_on": "2024-01-01",
      "first_production_on": null,
      "last_evidence_on": "2026-07-15",
      "stalled": false
    },
    {
      "initiative_id": "goldman-gs-dap",
      "name": "Goldman Sachs Digital Asset Platform (GS DAP)",
      "operator_id": "goldman-sachs",
      "operator_name": "Goldman Sachs",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2022-11-29",
      "first_production_on": "2024-11-18",
      "last_evidence_on": "2024-11-18",
      "stalled": false
    },
    {
      "initiative_id": "hsbc-orion",
      "name": "HSBC Orion",
      "operator_id": "hsbc",
      "operator_name": "HSBC",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2022-11-30",
      "first_production_on": "2024-02-07",
      "last_evidence_on": "2024-02-07",
      "stalled": false
    },
    {
      "initiative_id": "jpmorgan-digital-debt-service",
      "name": "J.P. Morgan Digital Debt Service",
      "operator_id": "jpmorgan",
      "operator_name": "JPMorgan Chase",
      "current_status": "limited-production",
      "evidence_grade": "T2",
      "announced_on": "2024-11-12",
      "first_production_on": "2024-11-12",
      "last_evidence_on": "2024-11-12",
      "stalled": false
    },
    {
      "initiative_id": "jpmorgan-kinexys",
      "name": "Kinexys by J.P. Morgan",
      "operator_id": "jpmorgan",
      "operator_name": "JPMorgan Chase",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2019-02-14",
      "first_production_on": "2021-12-31",
      "last_evidence_on": "2021-12-31",
      "stalled": false
    },
    {
      "initiative_id": "marco-polo-network",
      "name": "Marco Polo Network",
      "operator_id": "tradeix",
      "operator_name": "TradeIX",
      "current_status": "abandoned",
      "evidence_grade": "T1",
      "announced_on": "2017-09-20",
      "first_production_on": null,
      "last_evidence_on": "2023-02-22",
      "stalled": false
    },
    {
      "initiative_id": "mastercard-multi-token-network",
      "name": "Mastercard Multi-Token Network (MTN)",
      "operator_id": "mastercard",
      "operator_name": "Mastercard",
      "current_status": "pilot",
      "evidence_grade": "T2",
      "announced_on": "2023-06-28",
      "first_production_on": null,
      "last_evidence_on": "2026-05-06",
      "stalled": false
    },
    {
      "initiative_id": "ondo-ousg",
      "name": "Ondo Short-Term US Government Treasuries Fund (OUSG)",
      "operator_id": "ondo",
      "operator_name": "Ondo Finance",
      "current_status": "production",
      "evidence_grade": "T1",
      "announced_on": "2023-01-01",
      "first_production_on": "2023-04-13",
      "last_evidence_on": "2023-04-13",
      "stalled": false
    },
    {
      "initiative_id": "partior-network",
      "name": "Partior global unified ledger",
      "operator_id": "partior",
      "operator_name": "Partior",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2021-04-28",
      "first_production_on": "2024-05-14",
      "last_evidence_on": "2024-05-14",
      "stalled": false
    },
    {
      "initiative_id": "six-digital-exchange",
      "name": "SIX Digital Exchange (SDX)",
      "operator_id": "six-group",
      "operator_name": "SIX Group",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2018-07-06",
      "first_production_on": "2021-11-18",
      "last_evidence_on": "2021-11-18",
      "stalled": false
    },
    {
      "initiative_id": "socgen-forge",
      "name": "Societe Generale-FORGE (SG-FORGE)",
      "operator_id": "societe-generale",
      "operator_name": "Societe Generale",
      "current_status": "production",
      "evidence_grade": "T2",
      "announced_on": "2019-04-18",
      "first_production_on": "2023-11-30",
      "last_evidence_on": "2023-11-30",
      "stalled": false
    },
    {
      "initiative_id": "swift-shared-ledger",
      "name": "Swift blockchain-based shared ledger",
      "operator_id": "swift",
      "operator_name": "Swift",
      "current_status": "announced",
      "evidence_grade": "T2",
      "announced_on": "2025-09-29",
      "first_production_on": null,
      "last_evidence_on": "2026-03-01",
      "stalled": false
    },
    {
      "initiative_id": "ubs-tokenize",
      "name": "UBS Tokenize",
      "operator_id": "ubs",
      "operator_name": "UBS",
      "current_status": "limited-production",
      "evidence_grade": "T2",
      "announced_on": "2022-11-03",
      "first_production_on": "2023-11-15",
      "last_evidence_on": "2023-11-15",
      "stalled": false
    },
    {
      "initiative_id": "visa-stablecoin-settlement",
      "name": "Visa stablecoin settlement pilot",
      "operator_id": "visa",
      "operator_name": "Visa",
      "current_status": "scaled",
      "evidence_grade": "T2",
      "announced_on": "2021-03-29",
      "first_production_on": "2026-04-29",
      "last_evidence_on": "2026-04-29",
      "stalled": false
    },
    {
      "initiative_id": "we-trade",
      "name": "we.trade trade-finance network",
      "operator_id": "we-trade-consortium",
      "operator_name": "we.trade consortium",
      "current_status": "abandoned",
      "evidence_grade": "T3",
      "announced_on": "2018-07-03",
      "first_production_on": null,
      "last_evidence_on": "2022-06-06",
      "stalled": false
    }
  ]
}