Krypto: A new classification system on the way

Investment banks are now competing with each other to attract as many people as possible. At a time when crypto is on the rise, they are developing various solutions to assure users about the reliability of crypto wallets. Such is the case with Goldman Sachs. He is currently developing a crypto classification system for institutional investors.

Coin Metrics officially presents its new crypto rating system: Datonomy

A crypto project under development

The official announcement was posted on the account for Twitter from Coin Metrics. This blockchain analytics firm is actually joining multinational investment bank Goldman Sachs and MSCI to develop a crypto rating system: Datonomy.

More precisely, this project was initiated by Goldman Sachs. More than a simple investment bank, it is positioned as a financial giant in the United States. MSCI and Coin Metrics will serve as development partners. It is specifically aimed at institutional investors, including hedge fund managers and asset management firms (including crypto platforms). “The bank wants to help investors understand crypto,” explained CEOs of the three participating entities.

What Datonomy will bring to the cryptocurrency world

The name of the Datonomy crypto classification system was not chosen by chance. It is indeed a play on the scientific term “taxonomy”. It is used to classify the natural world.

Thus, Datonomy will have the main task of classifying the space of digital assets (including crypto) into several classes. These classes will again be divided into sectors and sub-sectors. The purpose of this approach: to facilitate the understanding of the ecosystem of digital assets for institutional investors.

More explicitly, the Datonomy crypto-classification system will generate data streams that will serve to support analysis and research. Institutional investors will be able to use them to manage crypto portfolios, but not only! It will also allow them to compare performance and even create different investment products.

In their approach, Goldman Sachs, MSCI and Coin Metrics aim not only to create a coherent and standardized framework for classifying cryptocurrencies. They also intend to optimize the development of this ecosystem and make crypto accessible to as many people as possible. A project to follow closely…

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Ariela RASOANJANAHARY avatar
Ariela RASOANJANAHARY

My name is Ariela and I am 31 years old. I have been working in web writing for 7 years now. I first discovered trading and cryptocurrency a few years ago. But it is a universe that interests me a lot. And the topics covered by the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!

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