NEW YORK—Goldman Sachs is making a bid to standardize the way the financial industry talks about, tracks and invests in digital assets, according to a new report.
The investment bank is set to unveil a data service created with global index provider MSCI and crypto data firm Coin Metrics that seeks to classify hundreds of digital coins and tokens so institutional investors can “make sense” of the new asset class, according to executives at the three firms, CNBC said.
“The digital asset ecosystem has really expanded over the last couple of years,” Anne Marie Darling, head of client strategy for Goldman’s Marquee platform, told CNBC. “We’re trying to create a framework for the digital asset ecosystem that our clients can understand, because they increasingly need to think about performance tracking and risk management in digital assets.”
The new service is called Datonomy — a play on the word taxonomy, which is the branch of science concerned with naming and classifying the natural world — and can be accessed as a subscription-based data feed or through Marquee, which is Goldman’s digital storefront for institutional investors, CNBC explained.
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