Global investment bank Goldman Sachs launches new data service We have launched a partnership with MSCI and Coin Metrics to help investors analyze the crypto market. The new system is “designed to provide a consistent and standardized way to help market participants view and analyze the digital asset ecosystem,” Goldman elaborates.
Goldman Sachs New Crypto Classification System
Global investment bank Goldman Sachs announced on Friday that it is working with global companies to create a new classification system for the digital asset market. We will launch the system, Datonomy.” His MSCI, an index provider, and his Coin Metrics, a crypto data company. Announcement Details:
A new framework for digital asset classification helps investors, service providers, developers, and researchers monitor market trends, analyze portfolio risk and return, It is designed to provide a method to help build new product.
“Delivered as a new data service, Datonomy categorizes coins and tokens based on how they are used,” the investment bank explained, adding that the new system will include direct data subscription feeds. I added that I have access. Goldman Sachs, MSCI, and Coin Metrics.
For example, Datonomy divides digital currencies into Value Transfer Coins and Specialized Coins. The latter are further categorized as meme coins, privacy coins, and remittance coins.
Decentralized finance (defi) and the metaverse are among the digital asset applications listed on Datonomy. Defi applications are categorized into decentralized exchanges, derivatives trading, decentralized lending, stablecoin issuers, prediction markets, wealth management, crowdfunding, and insurance. Metaverse applications fall into the Virtual Worlds, Gaming, and Non-Fungible (NFT) ecosystems.
Goldman Sachs Adds:
This new classification system for digital assets is intended to provide market participants with a consistent view of the market. Smart contract platforms and decentralized finance, screen assets through a variety of purpose-based filters to understand the aggregated properties of these assets at the portfolio level.
Stefan Mattia, Global Head of Derivatives Licensing and Thematic Indexes at MSCI, said: market. “
Anne Marie Darling, head of Marquee Client Strategy and Distribution at Goldman Sachs, told CNBC.
The ecosystem of digital assets has really expanded in the last few years… As our clients increasingly need to think about performance tracking and risk management of their digital assets, we
Goldman Sachs formed a cryptocurrency trading team last May. in the form of Bitcoin’s non-delivery option (NDO), in April the bank offered its first Bitcoin-backed loan
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