- MSCI and Coin Metrics are working together on the Datonomy project.
- Market players will be able to get a sense of the state of the various crypto sectors.
Goldman Sachs, a heavyweight on Wall Street, is planning to release an online resource that explains and classifies cryptocurrency for its institutional clients. Datonomy is a service that will assist institutional investors who may be unfamiliar with the field in making sense of the several cryptocurrencies that together amount to a market cap of $1.03 trillion as of today.
Consistent and Well Structured
According to a statement released on Thursday, MSCI, a leading global index provider, and Coin Metrics, a leading source of cryptocurrency data, are working together on the Datonomy project.
Stephane Mattatia, Head of Thematic Indexes at MSCI, stated:
“The digital assets ecosystem is evolving rapidly, along with investor demand for tools and solutions to help navigate this new asset class.”
A “consistent, standardised way to help market participants view and analyse the digital assets ecosystem” is how coins and tokens will be graded in the, according to a new statement. Market players will be able to get a sense of the state of the various crypto sectors, such as DeFi and smart contract platforms, with the use of this database.
Head of Marquee Client Strategy and Distribution at Goldman Sachs Anne Marie Darling stated:
“The collaboration brings together MSCI’s expertise in critical decision support tools and services, Coin Metrics’ intelligence in the digital assets space, and Goldman Sachs’ innovative platforms paired with over 150 years of experience in financial markets to help solve this problem for clients.”
Goldman Sachs has increased its crypto investments this year. The purchase of a Bitcoin non-deliverable option (NDO) from Galaxy Digital was the first OTC cryptocurrency transaction by the Wall Street giant.
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