Frigg.eco
Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.
Frigg.eco is an Ethereum-linked marketplace and transaction system for debt, equity, or hybrid financing of renewable-energy projects; its default security tokens represent legal claims on the underlying real-world assets. The 2026-08-16 survey measured about $183,000, or 0.18% of the $100M materiality floor. The file remains rejected on size: the legal claim, project underwriting, qualified-investor access, issuer performance, and thin-secondary-exit questions merit individual review only after the venue can absorb an advisory practice’s book.
- TVL sustained above $100M for 30 days
The research file
Mechanism applicability
Frigg connects project developers and investors, reviews documented renewable projects, and lets issuers structure debt, equity, or hybrid deals. Its FAQ says investments are tokenized by default as security tokens representing legal claims on renewable-energy assets; this is project-finance credit or equity risk, not permissionless crypto yield.
Control and access applicability
The marketed investor perimeter is institutional or qualified investors. Developers set deal terms and security packages, while Frigg supplies assessments and workflow; the marketplace explicitly leaves final due diligence with the investor. Token transfer does not replace underwriting the issuer, project SPV, legal claim, jurisdiction, and servicer.
Exit applicability
Frigg says tokens transfer to an investor wallet after registration and investment and can support secondaries, but it does not promise continuous bids, par redemption, or a fixed liquidation window. The public project list shows bespoke loans and projects across development, construction and operation, so exit remains deal-specific and potentially thin.
Why the dossier still applies
DefiLlama measured $182,532 on Ethereum on 2026-08-16, only 0.18% of the $100M floor. That makes the below-materiality dossier fundamental despite Frigg’s much larger public project pipeline. Reopen only after protocol TVL—not pipeline value—stays above $100M for 30 days, then underwrite each legal issuer, payment waterfall, transfer restriction and exit.
Sources
The claims above trace to these. Where a number could not be independently verified, the thesis says so.
- Frigg — frequently asked questions · primary · accessed 2026-08-16
Supports: qualified-investor perimeter, security-token legal claims, debt and equity issuance - Frigg — transactions · primary · accessed 2026-08-16
Supports: issuer-defined security package, registration and token transfer, secondary transactions - Frigg — marketplace · primary · accessed 2026-08-16
Supports: investor due-diligence responsibility, project review workflow, access-controlled documentation - Frigg — public project pipeline · primary · accessed 2026-08-16
Supports: project lifecycle statuses, bespoke project loans, pipeline is not protocol TVL - DefiLlama — Frigg.eco survey record · secondary · accessed 2026-08-16
Supports: $182,532 TVL, Ethereum perimeter, RWA category
Inherited controls
The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.
| Chain | Verdict | Grade | Control constraint |
|---|---|---|---|
| Ethereum | Approved | sovereign | No sequencer, no upgrade key, no operator who can be compelled — rule changes require social consensus. |