The development of digital financial assets has fundamentally changed the financial ecosystem, challenging traditional valuation methodologies and introducing new complexities for both analysts and investors. Digital assets — which include cryptocurrencies, stablecoins, non-fungible tokens (NFTs), and tokenized securities — are now used in business transactions, investment portfolios, and capital formation. Even with their growing use, valuation remains clouded with uncertainty due to the absence of standardized valuation frameworks and methods, a market infrastructure that is often fragmented, and limited ... (full story)