Goldman Sachs To Standardize Crypto Data for Institutional Investors

InfoNesia.xyz – Wall Street giant Goldman Sachs will soon provide institutional clients with an online resource that explains and categorizes cryptocurrencies.

Called Datonomy, the service will help institutional investors who may be strangers to the space wrap their heads around the hundreds of coins and tokens which now make up a $1.05 trillion industry.

Datonomy is a joint project with global index provider MSCI and crypto data firm Coin Metrics, according to a Thursday statement.

MSCI announces the launch of #digitalasset indexes, offering a way to help investors evaluate sources of risk & return opportunities. These indexes leverage insights based on collaboration with experts such as Menai Financial Group & @CompassFT. https://t.co/5ZwNiViouI pic.twitter.com/Y0LCcmRBE8

— MSCI (@MSCI_Inc) November 3, 2022

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“The digital assets ecosystem is evolving rapidly, along with investor demand for tools and solutions to help navigate this new asset class,” Stephane Mattatia, Head of Thematic Indexes at MSCI, said in the statement.

Head of Marquee Client Strategy and Distribution at Goldman Sachs Anne Marie Darling added that “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.”

Coins and tokens will be rated in “consistent, standardized way to help market participants view and analyze the digital assets ecosystem,” today’s statement added.