• Goldman Sachs Group Inc (NYSE: GS) is set to unveil a data service created with global index provider MSCI and crypto data firm Coin Metrics to classify hundreds of digital coins and tokens. CNBC is the first to report.

• “The digital asset ecosystem has really expanded over the last couple of years,” said Anne Marie Darling, head of client strategy for Goldman’s Marquee platform, in an interview.

• “We’re trying to create a framework for the digital asset ecosystem that our clients can understand because they increasingly need to think about performance tracking and risk management in digital assets.”

• The new service is called Datonomy and can be accessed as a subscription-based data feed or through Marquee, which is Goldman’s digital storefront for institutional investors.

• Users can tap the data feed to help with analysis and research, benchmarking performance, managing portfolios, or creating investment products based on sectors, including decentralized finance, metaverse, smart contract platforms, or value transfer coins.

• “We’ve organized it in an intuitive manner that should help asset managers come into this asset class in a much more standardized fashion,” said Coin Metrics CEO Tim Rice. “This is the next phase of getting the underpinnings of the industry lined up so that everybody can embrace it, and we can figure out what the next directional move in the market is.”

• Price Action: GS shares are up 0.14% at $350.27 on the last check Thursday.

See more from Benzinga

• Regenxbio Says Diabetic Retinopathy Gene Therapy Shows Meaningful Improvements In Disease Severity

• Pfizer, BioNTech Launch Omicron-Adapted COVID Shot-Flu Combination Vaccine Study

• Snoop Dogg Microwaves His Blunts Before Smoking And For Good Reason, Here's Why - Raytheon Technologies (

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.