The Liquidity Gap

While global interest in Pokémon cards has surged, the path to ownership has narrowed. The grails that define this market: 1st Edition Base Set Charizards, No.1 Trainer cards, Pikachu Trophies, now trade in closed ecosystem of vaults, auction houses, and private collectors. Even investors willing to spend thousands can’t compete with institutional buyers or long-term collectors who dominate these channels.

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When Demand Grows, Access Disappears

Unlike crypto, equities, or even luxury watches, there’s no scalable instrument for fractional exposure to Pokémon grails. There’s no index, ETF, or open marketplace and grails are suffering from isolated trades with rising valuations.

As prices climb, opportunity shrinks. The next generation of collectors is forced to watch from the sidelines while capital consolidates in private hands.

The market evolved faster than its infrastructure. While every other asset class found ways to scale like equities through ETFs, real estate through REITs, even crypto through tokenization, Pokémon grails remained stuck in isolation.

Each card is a closed market of one: illiquid, no shared exposure, no access for broader capital. The result is a system where value compounds, but ownership does not.

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Grail Index changes that

We have built the framework that aggregates the highest-value slabs into a single onchain index. Instead of trading one card at a time, the market can now trade the entire category as a unified, liquid asset class.