HONG KONG SAR -
Media OutReach Newswire - 10 January 2025 - Today, IX Asia Indexes announced the 2
nd Half 2024 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 in a 3-tier system for each category. For Cryptocurrencies: Tier 1-Industry/ Tier 2-Sector/ Tier 3-Sub-sector; for Asset Backed Tokens: Tier 1-Asset Type/ Tier 2-Branch/ Tier 3-Sub-branch (Appendix 1). The results are as follows:
a) Cryptocurrenciesi) Structure and definitionsTier 1: Industry Changes The industry groups remain unchanged with 5 industries. The industry names and definitions also remain unchanged. 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 no modification in Sector names as well as the definition of the sectors.
ii) Classification Changes No Change
iii) Green coins label There are 9 Greens coins in this review, labelled green in the following table:
| Energy Efficient Consensus Mechanism (Pos, PoH, PoA, Hashgraph) | Renewable Energy Use |
| Payment | Ethena USDeG (New)FDUSDG (New) | NIL |
| Infrastructure (120) | NIL | SOLGVETG |
| Financial Services (130) | LEOG (New)OKBG (New) | NIL |
| Tech & Data (140) | NIL | NIL |
| Media & Entertainment (150) | PEPEG (New)WIFG (New)IMXG | NIL |
iii) Coverage of DAICS® DAICS
® coin coverage: top 50 coins by average market capitalization across past 90 days. DAICS
®market capitalization coverage: 89.32%* The % coverage of market capitalization of the 50th ranked coin: 0.0802% Member changes within the TOP 50 coins in DAICS
®: 5 coins in and 6 coins out. (For more details about the industry weighting and the 6 changes, please see Appendix 4) *As of 9
th December 2024, based on past 90 days market capitalization ranking including all coins* (exclude Wrapped coins and Decentralized Autonomous Organization (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 Appendix 2 & 3)
b) Asset Backed Tokens (ABT)i) Structure and definitionsTier 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. A new ABT registry will be made available to the public. Although there has been an increase in the number of ABTs, ABTs only comprised 0.106% of the total market capitalization of digital assets. 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 17
th January 2025. For more details on our DAICS
® qualification criteria, please email
daics@ix-index.com.
For the diagrams in Appendix 1-3, please refer to https://ix-index.com/daics.html. Appendix 4
In and out in DAICS®Top 50 cryptos
| In | Out |
| 1. | Sui (SUI) | THORChain (THOR) |
| 2. | Artificial Superintelligence Alliance (FET) | Lido DAO (LDO) |
| 3. | Ethena USDe (USDeG) | Arweave (AR) |
| 4. | Aave (AAVE) | The Graph (GRT) |
| 5. | Fantom (FTM) | Theta Network (THETA) |
| 6. | - | Maker DAO (MKR) |
Sector Weighting of the Classification System**