Goldman Sachs creates digital asset taxonomy system for subscribing investors
Cointelegraph
Published Nov 03, 2022 04:30PM ET
Updated Nov 03, 2022 06:00PM ET
Goldman Sachs (NYSE:GS), MSCI, and Coin Metrics announced Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called datonomy and is available by subscription from the three companies.
The new taxonomy divides digital assets world into classes, sectors and subsectors according to their use to make it possible to view those assets in a more granular way, a Goldman Sachs spokesperson told CNBC. The system is intended to provide a consistent view of the market, screen assets using different filters and help market participants “understand aggregated properties of these assets at the portfolio level,” according to a statement.
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Written By: Cointelegraph
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