Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets ecosystem,” Goldman detailed.
Goldman Sachs’ New Crypto Classification System
Global investment bank Goldman Sachs announced Friday “the launch of Datonomy, a new classification system for the digital assets market,” in collaboration with global index provider MSCI and crypto data firm Coin Metrics. The announcement details:
The new framework for digital assets classification is designed to provide investors, service providers, developers, and researchers a way to help monitor market trends, analyze portfolio risk and returns, and help build new products.
“Delivered as a new data service, Datonomy classifies coins and tokens based on how they are used,” the investment bank explained, adding that the new system can be accessed as a direct data subscription feed from Goldman Sachs, MSCI, and Coin Metrics.
For example, Datonomy divides digital currencies into Value Transfer Coins and Specialized Coins. The latter is further subdivided into Meme Coins, Privacy Coins, and Remittance Coins.
Decentralized finance (defi) and Metaverse are among the digital asset applications listed in Datonomy. Defi applications are divided into Decentralized Exchanges, Derivatives Trading, Decentralized Lending, Stablecoin Issuers, Prediction Markets, Asset Management, Crowdfunding, and Insurance. Metaverse applications are divided into Virtual Worlds, Gaming, and Non-Fungible (NFT) Ecosystems.