Goldman Sachs, MSCI and Coin Metrics revealed details of a digital assets classification system for amplifying the transparency of market movements ecosystem analysis for market players. 

Specifically, the freshly rolled out system will go by the name “Datonomy” and is available by subscription from the three firms. 

The new taxonomy will reportedly categorize the digital assets sphere into classes, sectors and subsectors based on their use to enable viewing for those assets in a more granular manner, a Goldman Sachs spokesperson disclosed. 

The system works toward the primary target of offering a consistent view of the market, screening assets with the help of various filters and assist market participants in “understanding aggregated properties of these assets at the portfolio level,” according to a statement.

“We are thrilled to introduce datonomyᵀᴹ – a new classification system of digital assets made possible through the strategic collaboration of Coin Metrics, Goldman Sachs and MSCI.”

“This collaboration represents a significant leap forward for the industry as a whole, establishing a coherent and future-proof structure to monitor and analyze the digital assets ecosystem.” Coin Metrics CEO Tim Rice additionally remarked regarding the development. 

Coin Metrics reportedly operates as an entity providing crypto reporting and analytical software.

MSCI, a provider of critical decision support tools for investors, is the owner and sole administrator of the system. MSCI disclosed via a separate statement the success status of its introduction for a series of new indexes using Datonomy, in a partnership with Menai Financial Group and Compass Financial Technologies.

Swiss-based Compass is the publisher of the “Compass Crypto Basket Fundamental DeFi Index” and other crypto indexes. It created single-digital-asset indexes based on MSCI’s new indexes.