While some early efforts exist to classify digital assets by their use cases, the complexity has rapidly grown, so a hierarchical structure is needed to help investors navigate digital assets at different granularity levels. DACS provides a non-ambiguous structure throughout its hierarchy – meaning each digital asset is only assigned to one industry, which is included in only one industry group, which is included in only one sector.
CoinDesk Indices Announces New Digital Asset Classification Standard (DACS)
