Goldman Sachs, MSC Coin Metrics launch digital asset classification system


Goldman Sachs, MSCI and Coin Metrics have partnered for the launch of datonomy, a new classification system for the digital assets market.

The new data service classifies coins and tokens based on how they are used. It is designed to provide a consistent, standardised way to help market participants view and analyse the digital assets ecosystem.

datonomy aims to create an increased level of transparency into how the market is moving and can be licensed for a variety of use cases, such as the review and assessment of portfolio performance and reporting.

MSCI, an American finance company, is the owner and sole administrator of this new classification system and may receive input on potential changes from the datonomy advisory board as well as other market participants. The board is composed of Goldman Sachs, MSCI, Coin Metrics and third-party members that can provide expertise on maintaining datonomy. The members of the board will be announced at a later date.

The group outlined that as the digital asset class evolves and market volatility continues, there will be an increased need for performance tracking and risk management in digital asset markets.

To do this effectively, market participants will need help navigating the universe of digital assets and organising these assets into categories to better define their risk profile and understand their returns.

datonomy was created to fill this gap and aims to serve as the basis for portfolio management, reporting, benchmarking, research and analysis.

The classification system aims to provide market participants with a consistent view of the market, allowing them to track trends across various industries, screen assets by various filters and understand aggregated properties of these assets at the portfolio level.

MSCI managing director Stéphane Mattatia said, “We firmly believe a consistent and standardised framework for the classification of digital assets is essential to support investors’ ability to evaluate the market.

“As a co-founder of the Global Industry Classification Standard®, we are leveraging our general experience of what’s worked in equities classification systems to offer an efficient investment tool helping clients to understand digital asset trends, identify investment opportunities, and measure the exposure of their portfolios by sector to uncover drivers of performance and risk.”

datonomy can be accessed as a direct data subscription feed from Goldman Sachs, MSCI, and Coin Metrics.

Goldman Sachs recently led the $90m Series C funding round of Fortanix, a data-first multi-cloud security firm.

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