Goldman Sachs, MSCI, and Coin Metrics announced on Nov. 3 that they have devised a digital asset classification system to increase transparency of market movements and help market participants analyze the digital asset ecosystem. The new system is called datosnomy and is available by subscription from the three companies.
The new taxonomy divides the world of digital assets into classes, sectors and sub-sectors based on their use to enable a more granular view of those assets, a Goldman Sachs spokesperson told CNBC. The system aims to provide a consistent view of the market, filter assets through different filters, and help market participants “understand the aggregate properties of these assets at the investment portfolio level,” according to a statement.
We are thrilled to introduce datosnomyᵀᴹ – a new classification system of digital assets made possible through the strategic collaboration of Coin Metrics, Goldman Sachs and MSCI.
This new taxonomy is offered as a data service by Coin Metrics, Goldman Sachs and MSCI. pic.twitter.com/CDtVcYDaU1
— CoinMetrics.io (@coinmetrics) November 3, 2022
Coin Metrics CEO Tim Rice said in the statement: “This collaboration represents a significant leap forward for the industry as a whole, establishing a coherent and future-proof framework for monitoring and analyzing the digital asset ecosystem.” Coin Metrics offers cryptocurrency analysis and reporting software.
MSCI, a provider of critical decision support tools for investors, is the sole owner and administrator of the system. MSCI announced in a separate statement that it has launched a series of new indices using datanomics in collaboration with Menai Financial Group and Compass Financial Technologies.
Switzerland-based Compass publishes the “Compass Crypto Basket Fundamental DeFi Index” and other cryptocurrency indices. It has created unique digital asset indices based on the new MSCI indices.
The new MSCI indices 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 that support smart contract features.” The indices are the first of their kind for MSCI.
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