Crypto: A new classification system at work

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 of Goldman Sachs. He is currently developing a crypto rating system for institutional investors.

Coin Metrics officially introduces its new crypto ranking system: Datonomy

An emerging crypto project

The official notification has been posted on the account of I tweet by Coin Metrics. This blockchain analytics company is indeed teaming up with multinational investment bank Goldman Sachs and MSCI to develop a crypto classification system: Datonomy.

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

What Datonomy will bring to the cryptocurrency world

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

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

More specifically, the Datonomy crypto classification system will generate data streams that will serve as support for 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 the classification of cryptocurrencies. They also aim to optimize the development of this ecosystem and make cryptocurrencies accessible to as many people as possible. A project to watch closely…

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Avatar Ariela RASOANJANAHARY
Ariela RASOANJANAHARY

My name is Ariela and I am 31 years old. I have been working in the field of online writing for 7 years. I only discovered trading and cryptocurrency a few years ago. But it’s a universe I’m very interested in. And the topics covered within the platform allow me to learn more. A singer in her spare time, she also cultivates a great passion for music and reading (and animals!

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