Goldman Sachs, MSCI, and Coin Metrics have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem.
It has been reported that the new system is called “Datonomy” and is available by subscription from the three companies. The new taxonomy divides the digital assets world into classes, sectors, and subsectors according to their use to make it possible to view those assets in a more granular way.
However, the system is intended to provide a consistent view of the market, screen assets using different filters, and help market participants “understand aggregated properties of these assets at the portfolio level.”
Tim Rice, the CEO of Coin Metrics, said:
“This collaboration represents a significant leap forward for the industry as a whole, establishing a coherent and future-proof structure to monitor and analyze the digital assets ecosystem.”
The report said that Coin Metrics provides crypto reporting and analytical software. MSCI, a provider of critical decision support tools for investors, is the owner and sole administrator of the system. MSCI announced in a separate statement that it has launched a series of new indexes using Datonomy in collaboration with Menai Financial Group and Compass Financial Technologies.
Swiss-based Compass is the publisher of the “Compass Crypto Basket Fundamental DeFi Index” and other crypto indexes. It created single-digital-asset indexes based on MSCI’s new indexes.
Thus, the new MSCI indexes will chart the top 20 and top 30 digital assets by market cap, assets that do not rely on proof-of-work consensus, and assets “associated with technology platforms supporting ‘Smart Contracts’ features.” The indexes are the first of their kind for MSCI.
Source: Cointelegraph