# Brave New Coin Launches Global Classification Standard for Crypto Assets Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-02-09 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Brave New Coin Launches General Taxonomy for Cryptographic Assets Meta Description: Announcing the first global classification standard to streamline evaluation of cryptocurrencies, providing transparency and reliability for investors and Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/brave-new-coin-launches-global-classification-standard-for-crypto-assetshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fdz090218-5-1736842991102-compressed.jpg) _Addresses urgent industry need for standardization_ 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](https://www.financedigest.com/total-allowable-catches-tac-and-fishing-quotas-across-the-world-turning-favourable-for-the-global-mackerel-market-sales.html "Total Allowable Catches (TAC) And Fishing Quotas Across The World Turning Favourable For The Global Mackerel Market Sales"), 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](https://www.financedigest.com/hot-u-s-inflation-data-reignites-global-selloff.html "Hot U.S. inflation data reignites global selloff") for individual assets, helping to streamline the process of evaluating cryptocurrency assets. The [data includes naming conventions and a hierarchical asset classification system](https://www.financedigest.com/interoperability-of-data-to-accelerate-the-ventilator-test-systems-market.html "Interoperability of data to accelerate the Ventilator Test Systems Market") of more than  60 quantitative and qualitative metrics. “The Taxonomy will better inform [investment decisions and deliver a much-needed global](https://www.financedigest.com/international-investment-soars-as-albania-steps-into-global-spotlight.html "INTERNATIONAL INVESTMENT SOARS AS ALBANIA STEPS INTO GLOBAL SPOTLIGHT") standard for the analysis of cryptographic assets,” Delfin added. By providing an objective and reliable overview of the [crypto asset market](https://www.financedigest.com/binance-plans-to-buy-rival-ftx-in-bailout-as-crypto-market-crumbles.html "Binance plans to buy rival FTX in bailout as crypto market crumbles"), 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](https://www.financedigest.com/industrial-magnetrons-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Industrial Magnetrons Market Competitive Growth Strategies Based on Type, Applications, End User and Region") 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](https://www.financedigest.com/uk-financial-watchdog-urges-political-support-for-crypto-bans.html "UK financial watchdog urges political support for crypto bans") 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](https://www.financedigest.com/german-industrial-orders-slump-more-than-expected-in-august.html "German industrial orders slump more than expected in August") 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](https://www.financedigest.com/slow-refunds-hurt-consumers-and-brands-alike.html "Slow refunds hurt consumers and brands 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](https://www.financedigest.com/rapidly-changing-fashion-lifestyle-is-expected-to-spur-demand-for-clothes-closets-market.html "Rapidly Changing Fashion Lifestyle Is Expected To Spur Demand For Clothes Closets Market") evolving market.” To view the Taxonomy framework, visit: [https://bravenewcoin.com/general-taxonomy-for-cryptographic-assets](https://bravenewcoin.com/general-taxonomy-for-cryptographic-assets) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---