According to CoinDesk, 21.co, the parent company of cryptocurrency data provider CoinGecko and investment product provider 21Shares, is launching a crypto asset classification system aimed at providing industry classification and making it easier for traditional financial players to understand. The classification system is based on the Digital Asset Classification Standard (DACS) established by Goldman Sachs and MSCI with data providers Coin Metrics and CoinDesk Indices. For example, the Global Cryptocurrency Taxonomy divides assets into three classes. The first involves networks and protocols, whether it’s cryptocurrencies (Bitcoin, Monero, etc.), smart contract platforms (e.g. Ethereum, Solana), DApps (e.g. Aave, Uniswap), etc. The second category groups assets by industry and sector, including CeFi, DeFi, Metaverse, Identity, and Infrastructure. The third level of transactions determines the nature of the asset: a cryptocurrency, a network-specific native currency, a stablecoin, a derivative token or a governance or utility token, etc.