Crypto Classification Seeks to Make Industry More Welcoming to TradFi Participants

The Global Crypto Classification Standard, for example, categorizes assets on three levels. The first deals with networks and protocols, be they cryptocurrencies (Bitcoin, Monero, etc), smart contract platforms (for example, Ethereum, Solana), decentralized apps (such as Aave, Uniswap) and so on. The second groups assets by industry and sector, including centralized finance, decentralized finance (DeFi), metaverse, identity and infrastructure. And the third level deals identifies the nature of the assets: a cryptocurrency, a native currency of a particular network, a stablecoin, a derivative token, or a governance or utility token, and so on.

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