Addresses urgent industry need for standardization
New York, New York – February 8, 2018 – Brave New Coin, the leading blockchain and cryptographic assets research company, has today announced the launch of the General Taxonomy for Cryptographic Assets, the first global classification standard to capture the breadth, depth, and evolution of distributed ledger technology-based assets across industry sectors.
The General Taxonomy is a critical step in the maturation of cryptographic assets as an investment class and is intended as a tool for investors, regulators, asset managers, and developers to better inform their decision making.
Brave New Coin Head of Research Rafael Delfin said: “The advent of blockchain technology is enabling mass collaboration across world markets, generating millions of transactions and interactions daily. For this rapidly-evolving industry to be effectively evaluated and interpreted, a consistent and comprehensive global classification is critical.”
The General Taxonomy will provide a platform where users can access a collated pool of data for individual assets, helping to streamline the process of evaluating cryptocurrency assets. The data includes naming conventions and a hierarchical asset classification system of more than 60 quantitative and qualitative metrics.
“The Taxonomy will better inform investment decisions and deliver a much-needed global standard for the analysis of cryptographic assets,” Delfin added.
By providing an objective and reliable overview of the crypto asset market, the General Taxonomy will help to make the evaluation of the relative strengths and weaknesses of different distributed protocols easier for all sector stakeholders. In addition, users will be able to analyze sector and industry contributions to crypto asset portfolio performance and compare industry-sector exposures versus peers or benchmarks.
Daniel Masters, Director, Global Advisors Bitcoin Investment Fund PLC, said: “Brave New Coin’s Taxonomy further supports joint efforts to grow and enhance the crypto investment experience through in-depth, data-driven analysis.”
The General Taxonomy also aims to offer increased transparency in order to enhance the reputability of the industry overall.
Rafael Delfin said: “As the cryptocurrency market capitalization continues towards the trillion dollar mark, the need for a global standard to evaluate the value, utility, and comparative worth of tokens and digital assets has shifted from desirable to essential. The General Taxonomy provides this standard, delivering a one-stop-shop for investors, regulators and consumers alike to classify cryptographic assets.
“I am confident that Brave New Coin’s General Taxonomy is the solution the industry needs to understand, anticipate, and effectively respond to the changing demands of this rapidly evolving market.”
To view the Taxonomy framework, visit: https://bravenewcoin.com/general-taxonomy-for-cryptographic-assets
About Brave New Coin:
Founded in 2014, Brave New Coin (BNC) is a leading data and research company focused on the Blockchain and Cryptographic Assets industry. Offering a stable of tools and resources including sector news, data, technical analysis and research, BNC’s mission is to deliver the most accurate, accessible, and comprehensive blockchain data solutions, in ways that anticipate and respond to the needs of an evolving market. For more information, visit bravenewcoin.com.
About the General Taxonomy for Cryptographic Assets:
The General Taxonomy for Cryptographic Assets is a theoretical framework that builds upon Robert Greer’s seminal asset classification and establishes Cryptographic Assets as the fourth superclass of financial assets.
In a first layer of analysis the Taxonomy allows ecosystem stakeholders to classify, compare, and track cryptographic assets by their fundamental economic similarities and, in a subsequent level of analysis, by the technical features of their underlying protocol. Each asset is further defined according to its NAICS industry classification.
Additionally, the General Taxonomy for Cryptographic Assets provides both a public and proprietary industry classification standard to serve both traditional industry actors as well as professionals working exclusively in the cryptographic asset space.