Goldman aims to organize the crypto world with a classification system.
By The Exchange Team
Goldman Sachs wants to standardize how the financial industry discusses, tracks, and invests in digital assets.
The investment bank will launch a data service created with global index provider MSCI and crypto data business Coin Metrics.
The three organizations want to categorize digital coins and tokens so institutional investors can understand the new asset class.
Anne Marie Darling from Goldman's Marquee platform says the digital asset ecosystem has grown.
"We're aiming to develop a foundation for the digital asset ecosystem that our clients can understand"
Crypto assets reached $3 trillion in value during the epidemic before shrinking along with other risky assets as the Fed hiked interest rates.
Coin Metrics CEO Tim Rice says large asset managers want a "adult framework" to properly understand and discuss digital assets.