DAICS® Cryptocurrency and Asset-Backed Token (“ABT”) Industry Classification System

DAICS® covers both cryptocurrencies and asset-backed tokens (“ABT”), to be reviewed semi-annually at the end of June and December.

**Cryptocurrencies**

**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 Sector name under Media & Entertainment (150)/ Social Media & Community Sector. The definition of Social Community sector remains unchanged.

**Modification in sector name.**

**Before**

Social Media (15010)

**After**

Social Media & Community (15010)

**Classification Changes**

VeChain (VET)

**Before**

Industry: Tech & Data (140)

Sector: Storage & Sharing (14010)

**After**

Industry: Infrastructure (120)

Sector: Application Development Protocol & Smart Contract (12010)

**Green coins label**

There are 9 Greens coins in this review:

**Coverage of DAICS®**

DAICS® coin coverage: top 50 coins by market capitalization

DAICS® market capitalization coverage: 87.493%*

The % coverage of market capitalization of the 50th ranked coin: 0.092%

Member changes within the TOP 50 coins in DAICS® : 6 coins in and 7 coins out

(For more details about the industry weighting and the 6 changes, please see Appendix 4).

*As of 22nd May 2024, 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 Appendix 2 & 3).**

**Asset Backed Tokens (ABT)**

**Structure and Definitions**

**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).

**Classification Changes**

Nil

**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 19th July, 2024.

For more details on our DAICS® qualification criteria, please email

daics@ix-index.com.

For a full version of the appendixes 1-3, please refer to ix-index official website.

**Appendix 4**

In and out in DAICS® Top 50 cryptos

Sector Weighting of the Classification System**

*Special Currency Treatment of DAICS® applies

**Based on 22nd May 2024

G: Green Label

**Appendix 5**

Classification of top 50 coins by Market Capitalization

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

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

Provision of data management and storage, and development of innovative crypto technology

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Note: G as ‘Green‘ labelling for cryptocurrencies that adhere to the principles of sustainability

(**) labelling for change in sector