Goldman Sachs developing crypto classification system with MSCI and Coin Metrics: CNBC

Goldman Sachs is working with index provider MSCI and crypto data firm Coin Metrics to develop a crypto classification service.

The investment bank’s crypto classification service will target institutional investors. The bank wants to help investors make sense of crypto, executives at the firms told CNBC, which first reported the news.

«We’re trying to create a framework for the digital asset ecosystem that our clients can understand,» Anne Marie Darling, head of client strategy at Goldman’s Marquee platform, told CNBC. Darling added, «they increasingly need to think about performance tracking and risk management in digital assets.»

The service will be known as Datonomy, a play on the scientific term for naming and classifying the natural world — taxonomy.

Darling said that Goldman, MSCI, and Coin metrics split the digital asset space into classes, sectors, and subsectors. She added that money managers at hedge funds and asset management companies will be able to think about crypto in a more granular way now.

The data feed aims to help with analysis and research. As well as this, it can be used to benchmark performance, manage portfolios, or even create investment products based on the different sectors in the digital asset space.

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