According to a press release issued on Thursday, Goldman Sachs Group Inc., the 153-year-old Wall Street investment bank, is launching a service to explain, categorise, and bring transparency to digital currency markets for institutional investors looking to invest in the asset class. The tool, dubbed Datonomy, is a collaboration between Goldman Sachs, financial services firm MSCI Inc., and cryptocurrency intelligence firm Coin Metrics Inc. Datonomy categorises coins and tokens based on their use and aims to provide clients with a standardised way to analyse the broader cryptocurrency industry, including Decentralized Finance (DeFi) and smart contract platforms.
