Goldman Sachs is set to start classifying the cryptocurrency industry in a bid to standardize the way the financial industry sees the nascent space, meaning the Wall Street giant will be classifying Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA) and even meme-inspired assets like Shiba Inu ($SHIB).
Per the report, the new service is called Datonomy, in a play on the world taxonomy, which is the branch of science that names and classifies the natural world. It can be accessed as a subscription-based data feed or through Goldman’s digital storefront for institutions, Marquee.The division allows institutional investors to see the space in a way similar to how equities are seen, divided as industry sectors like finance and technology.
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