London, August 22, 2023 - Wilshire Indexes, a leading global benchmark platform, and Digital Asset Research (DAR), a specialized provider of 'clean' digital asset data, research and insights, today announced that 66 additional assets have been classified and added to the Digital Asset Taxonomy System (DATS) as a result of its rules-based quarterly review process.
DATS now classifies 1,658 digital assets, the broadest coverage in the market, to enable traditional and digital-native financial institutions to perform sector-based performance attribution, assess sector themes and construct custom portfolios.
DATS routinely classifies the top 1,000 digital assets by market capitalization at the end of each quarter. The classification of an additional 66 digital assets at the July review follows a turbulent trading period over the last three quarters which resulted in significant changes to the market capitalization of many digital assets.
There was a change to the classification of DeFi assets that were built on top of Proof-of-Stake blockchains from "DeFi, Environmentally Focused" theme to "DeFi" post Ethereum's adoption of the Proof-of-Stake consensus mechanism.
The updated classifications are available now from Wilshire Indexes.
Martin Howard, SVP of Index Research at Wilshire Indexes commented, "Quarterly reviews of the Digital Asset Taxonomy System ensure that the sector classification remains representative of this rapidly evolving asset class. In conjunction with a rules-based methodology we aim to bring the utmost transparency to classification through their publication so institutions can make investment decisions based on trusted data."
Doug Schwenk, CEO of Digital Asset Research (DAR) and Deputy Co-Chair of the Wilshire Digital Assets Advisory Group, commented, "DATS continues to be the digital asset industry's most rigorous taxonomy system with the broadest coverage. Its utility is unparalleled - especially now for the active ETP market as new products are launched or filed for."
How can investors use DATS in their investment management operations?
Traditional and digital-native asset owners, product issuers, custodians and research service providers can license DATS for the same purposes as they would when adopting an equity or fixed income classification system:
The next review will be in October 2023. Visit HERE for more information and for the full DATS methodology.
About Wilshire Indexes
Wilshire Indexes is a global benchmark platform that provides institutional investors, asset managers and retail intermediaries unmatched flexibility in solving benchmarking, portfolio construction, and risk management challenges. Transforming the way investors use benchmarks to meet their objectives, Wilshire Indexes provides global coverage of the markets through the leading FT Wilshire Index Series. Combining new technology and modular products in a growth-aligned commercial model designed for collaboration, efficiency, and speed to market, Wilshire Indexes offers a completely new way to work with an index provider.
Wilshire Indexes operates alongside Wilshire's investment management, consulting, OCIO, and alternative asset businesses, which are separately known as Wilshire Advisors.
About Digital Asset Research
Digital Asset Research (DAR) is a specialized provider of 'clean' digital asset data, insights, and research for institutional clients. Since 2017, DAR leads by rigorously vetting exchanges and assets to eliminate low-quality data for flagship clients such as Bloomberg, Chainlink, and Wilshire. Each day, DAR processes 200+ million trades to calculate 10,000+ institutional-quality fungible digital asset prices and deliver a range of product solutions to navigate the cryptoverse.
DAR conducts quarterly reviews of over 450+ crypto exchanges to identify venues that meet institutional standards, with the latest round of evaluation qualifying 18 Vetted Spot Exchanges and 11 Watchlist Spot Exchanges. Exchanges serve as the foundation for high-quality prices and verifiable volume.
More on DAR can be found at www.digitalassetresearch.com
