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) Cryptocurrenciesi) Structure and definitionsTier 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^GETH^GADA^GNEAR^GALGO^GIMX^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 definitionsModification in definitionBefore 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 daics@ix-index.com. Appendix 1The 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.comAppendix 3DAICS Updated Cryptocurrencies Industry-Sector diagramDAICS current ABT Asset Types diagram Please refer to company website www.ix-index.comAppendix 4In and out in DAICS^® Top 50 cryptos