Announcement of the IX Digital Asset Industry Classification System & IX Infrastructure Crypto Index



HONG KONG SAR - Media OutReach - 21 September 2022 - Today, IX Asia Indexes Company Limited ("IX Asia Indexes") announced the launch of the IX Digital Asset Industry Classification System ("DAICS™"), aiming to provide the professional worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. It also serves as a tool for asset allocation and portfolio analysis for digital assets market as well as product development. DAICS™ complements IX Asia Indexes to develop their own competitive digital asset indexes and index products from a robust global standard.

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 13 industry sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types and 30 branches. They are: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources and 6) Green Economy. (For DAICS™ please see Appendix 1 and 2)

Initially IX Asia Indexes will only classify the top 50 cryptocurrencies in terms of market capitalization which already represent over 80% of the market share in terns of market size and volume. ABT classification work will be added in next stage when a fair population of popular asset-backed tokens are available in the market. The current asset types and branches of the ABT category is to provide a first stage according to more foreseeable industry demand. As the market further matures with more cryptocurrencies with strong use cases emerge, the Classification System may expand to include more cryptocurrencies, ABT, industries, sectors and subsectors. (For more details on the grouping of cryptocurrencies under DAICS™, please refer to Appendix 3)

In response to the common global effort to achieve net zero emission by 2030 and 2050 agenda for the 17 sustainable development goals (SDGs) by United Nations, IX Asia Indexes anticipates that more tokenisation will adopt the SDGs. Our vision is that ESG and sustainability is more than environmental impact, which also includes sustainable growth and development, good governance, better social impact and community engagement. To promote this, the DAICS™ introduces "green" labelling for cryptocurrencies that adhere to the principle of sustainability by employing energy efficient protocol or making an active effort in minimising environmental damages. Under the ABT cataegory, a "Green Economy" asset type is introduced for token that represent ownership of the projects that ahere to the United Nations 17 sustanable development goals. An index which can represent the Asia Pacific Green Economy is also under study.

To complement with the DAICS™" launch, a IX Infrastructure Crypto Index will be launched and available hourly 7x24 on the official website https://ix-index.com/ after the third quarter end index review. A reference on the weightings among the different crypto industry sectors are shown in Appendix 4.

For further information regarding the methodology of the DAICS™, please refer the "IX Digital Asset Industry Classification System- principle and guilding methodology" available on the company website.


Appendix 1

The structure of DAICS™

Appendix 2

IX Digital Asset Industry Classification System ("DAICS™")

Appendix 3

Classification of top 50 coins by Market Capitalisation *

Catagory
Industry
Sector
Cryptocurrencies
Cryptocurrencies
Payment:

Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.
Transaction & Payment
BTC

XRP

ADAG

LTC

CRO
XLM

XMR

BCH

BSV

ZEC
Stablecoin
USDT

USDC

BUSD
DAI

TUSD
Infrastructure:

Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc.
Application Development Protocol and Smart Contract
ETHG

SOL

AVAX

TRX

ETC

NEAR
FLOW

ALGOG

ICP

XTZG

HBARG

EOS
Interoperability
DOT

LINK
ATOM

QNT
Scaling
MATIC
EGLD
Supporting System
HNT

Financial services:

Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services
Exchange Tokens
BNB

UNI

LEO
FTT

OKB
Lending and Borrowing
AAVE
MKR
Tech & Data:

Provision of data management and storage, and development of innovative crypto technology
File storage & Sharing
VET
FIL
Media & Entertainment:

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles
Social Media
DOGE
SHIB
Streaming
THETA

Gaming
APE
AXS
Metaverse
MANA
SAND
Note: Note: G as 'Green' labelling for cryptocurrencies that adhere to the principles of sustainability.

Appendix 3

Catagory
Asset Type
Branch
Asset-Backed Tokens
Culture:

Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc.
Art
Sports
Festive Collectibles
Design IPs
Drama and Play IPs
Real Estate:

Assets that mainly derived its valuation from property, real estate, and land
Commercial Property
Residential Property
Governmental Property
Residential and Commercial Land
Financials:

Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi).
Tokenised Securities (Company Securities, ETF)
Tokenised Debts
Tokenised REITs
Entertainment:

Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, events and programs, and souvenir collectibles that is derived from the above areas
Movies
Songs
Concerts
All Other Entertainment Events and Collectibles
Natural Resources:

Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals.
Precious Metals
Agricultural
Energy
Metals
Green Economy:

Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives.
No Poverty & Zero Hunger
Good Health and Well-Being
Quality Education
Gender Equality
Clean Water and Sanitation/Affordable And Clean Energy
Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals
Reduced inequalities/ Peace, Justice and Strong Institutions
Sustainable Cities and Communities/Responsible Consumption and Production
Climate Action
Life Below Water & Life on Land

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

Appendix 4

Sector Weighting of the Classification System*

Industry
Weighting (%)
Payment
61.50
Infrastructure
28.45
Financial Services
7.16
Tech & Data
0.43
Media & Entertainment
2.46
*Based on 10 August 2022

Hashtag: #IXAsiaIndexes

The issuer is solely responsible for the content of this announcement.
About IX Asia Indexes
About IX Asia Indexes
IX Asia Indexes Company Limited ("IX Asia Indexes") is the leading alternative asset index compilers in Asia. Its services in the areas of both real and digital assets cover index consultancy, index design, index calculation and dissemination, and index education. It is missioned to bring transparency and standardization to the digital asset and tokenisation world through building an investment-grade and rules-based benchmarks.

IX Asia Indexes launched the award winning ixCrypto Index (IXCI) in 2018, followed by two new Indexes ixBitcoin (IXBI) and ixEthereum (IXEI) Index under the ixCrypto Index Series in early 2021. The company won 2019 and 2021 ETNET Fintech Award under Wealth Investment and Management catagory. IX Asia Indexes also won two awards of "Startup of the Year" and Big Data from Hong Kong Fintech Development Awards 2022 hosted by Metro Finance and co-organized by KPMG. ixCrypto Index Series is currently available in 85 countries via Nasdaq and IX Asia Indexes Company data feed to Bloomberg, Reuters, banks institutions and information vendors. 14 real time indexes are disseminated every 5-second for 7x24 since 23 June 2022. In response to growing investors demand for exposure to boarder crypto market and diverisification, IX Asia indexes launched 6 new IX Crypto Portfolio Indexes in August 2022.

For more information, please visit

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

SOURCE:

IX Asia Indexes Company Limited

CATEGORY:

Business

PUBLISHED ON:

21 Sep 2022

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