Goldman Sachs Classifies XRP, Shiba Inu and Other Cryptocurrencies
In order to get a better grasp of digital assets, institutional investors will be able to view them within various classes and sectors. Various cryptocurrencies have been divided into metaverse tokens, blockchain utilities, decentralized finance tokens, specialized tokens, application utilities, value transfer tokens, business services and other utilities.
The new service, which is called Datonomy, has been developed in partnership with cryptocurrency intelligence firm Coin Metrics and finance company MSCI.
So, in the absence of any clarity from regulators, the banking octopus just goes ahead and creates its own categories. With just over 40 sub-sectors, looks like defining "crypto" as one thing may be tricky.