Results of the IX Digital Asset Industry Classification System (“DAICS®”) 2023 2H Review

HONG KONG SAR – Media OutReach Newswire – 12 January 2024 – Today, IX Asia Indexes announced the 2^nd Half 2023 Review of the IX Digital Asset Industry Classification System (“DAICS^®“), aiming to provide the professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS^® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens and a 3-tier system for each category. For Cryptocurrencies: 1-Industry/2-Sector/3-Sub-sector; for Asset Backed Tokens: 1-Asset Type/2-Branch/ 3-Sub-branch. The results are as follows:
a) Cryptocurrencies
i) Structure and definitions
Tier 1: Industry Changes
The industry groups remain unchanged with 5 industries.
1) Payment (110)
2) Infrastructure (120)
3) Financial services (130),
4) Tech & Data (140) and
5) Media & Entertainment (150).
Tier 2: Sector Changes
The number of sectors remain unchanged with 16 sectors. There is modification in definition under Tech& Data (140)/ Storage & Sharing sector.
Modification in sector name and definition.
Before After
File Storage & Sharing (14010) Storage & Sharing (14010)
Updated Sector 14010 definition:
Under DAICS^®, Crypto assets/protocols that “provide decentralized storage
and/or sharing of data filing and resources”
ii) Classification Changes
Immutable (IMX)
Before After
Industry: Infrastructure (120) Industry: Media & Entertainment (150)
Sector: Scaling & Sharding (12030) Sector: Gaming (15030)
iii) Green coins label
There are 6 Greens coins in this review:
HBAR^G
ETH^G
ADA^G
NEAR^G
ALGO^G
IMX^G
First 5 of them come from Infrastructure industry, while IMX is from Media & Entertainment industry.
iv) Coverage of DAICS^®
DAICS^® coin coverage : top 50 coins by market capitalization
DAICS^® market capitalization coverage: 96.878%*
The % coverage of market capitalization of the 50th ranked coin: 0.069%
Member changes within the TOP 50 coins in DAICS^® : 7
(For more details about the industry weighting and the 7 changes, please see Appendix 4).
*As of 6^th December 2023, based on past 90 days market capitalization ranking including all coins* (exclude stable coins and pure DAO governance tokens)
Note: G as ‘Green‘ labelling for cryptocurrencies that adhere to the principles of sustainability
* * (For details on Industry & Sector definitions under DAICS®, please refer to official website: ix-index.com)
b) Asset Backed Tokens (ABT)
i) Structure and definitions
Modification in definition
Before
An ABT shall be supported by a tangible asset or a representation of a tangible asset in a defined and known exchange ratio between the ABT and the related asset.
After
An ABT shall be supported by a tangible real-world asset or a representation of a tangible asset in a defined and known exchange ratio between the ABT and the related asset.
Tier 1: Asset Types Changes
The asset types remain unchanged at 6
1) Culture (205),
2) Real Estate (215),
3) Financials (235),
4) Entertainment (255),
5) Natural Resources (265), and
6) Green Economy (275)
Tier 2: Branch Changes
The branches remain unchanged at 31.
(For details on Asset types and Branches, please refer to Appendix 3).
ii) Classification Changes
Nil
iii) Coverage of DAICS^®
IX Asia Indexes has not started to classify any ABT. ABTs will be added to DAICS^® in the next stage when a fair amount of popular asset-backed tokens are available in the market. Although there has been an increase in the number of asset-backed tokens, no
significant use cases with proper market policy have emerged. A new ABT registry will be made available to the public. A classification summary and definition table are available at Appendix 5 & 6.
For further information regarding the methodology of the DAICS^®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.
All classification changes including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index will take effect on 1^st February, 2024.
For more details on our DAICS^® qualification criteria, please email [email protected].
Appendix 1
The structure of DAICS^®
Please refer to company website www.ix-index.com
Appendix 2
IX Digital Asset Industry Classification System (“DAICS^®“)
Please refer to company website www.ix-index.com
Appendix 3
DAICS Updated Cryptocurrencies Industry-Sector diagram
DAICS current ABT Asset Types diagram
Please refer to company website www.ix-index.com
Appendix 4
In and out in DAICS^® Top 50 cryptos

Sector Weighting of the Classification System*

*Based on 6^th December 2023
Green labels
Appendix 5
Classification of top 50 coins by Market Capitalization

Note: G as ‘Green‘ labelling for cryptocurrencies that adhere to the principles of sustainability
^(**) labelling for change in definition in this review
Purple as for wrapped cryptocurrencies that are classified but not included as top 50 due to duplication of market cap
Appendix 6
IX Digital Asset Industry and Sector Classification System (“DAICS^®“)

DAICS^® Asset Type Definitions

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals
Hashtag: #IXAsiaIndexes

The issuer is solely responsible for the content of this announcement.

About DAICS®

DAICS^® covers both cryptocurrencies and asset-backed tokens (“ABT”), to be reviewed semi-annually at the end of June and December. On cryptocurrencies side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data and 5) Media & Entertainment. These industries are further divided into 16 industry sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into 31 branches and sub-branches to be introduced in the future.

About IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenisation Advisory Committee (“Advisory Committee”) is to pursue the goal and vision to formulate a standard for global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guideline and reference for tokenization in terms of infrastructure, business financial stability, sustainability, internal control and classification. The Advisory Committee is comprised of industry recognised leaders from blockchain consultancy, sustainable projects and field in Art industry.
The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.
For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit

https://ix-index.com/tokenization-committee.html.