Results of the IX Digital Asset Industry Classification System (“DAICS®”) 2024 2H Review

a) Cryptocurrencies
i) Structure and definitions
Tier 1: Industry Changes
The industry groups remain unchanged with 5 industries. The industry names and definitions also remain unchanged.
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 no modification in Sector names as well as the definition of the sectors.

ii) Classification Changes
No Change

iii) Green coins label
There are 9 Greens coins in this review, labelled green in the following table:

FDUSDG (New)

VETG

OKBG (New)

WIFG (New)

IMXG

iii) Coverage of DAICS®
DAICS® coin coverage: top 50 coins by average market capitalization across past 90 days.
DAICS® market capitalization coverage: 89.32%*
The % coverage of market capitalization of the 50th ranked coin: 0.0802%
Member changes within the TOP 50 coins in DAICS®: 5 coins in and 6 coins out.

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

*As of 9th December 2024, based on past 90 days market capitalization ranking including all coins* (exclude Wrapped coins and Decentralized Autonomous Organization (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)

b) Asset Backed Tokens (ABT)
i) 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).

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. 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 17th January 2025.

For more details on our DAICS® qualification criteria, please email [email protected].

For the diagrams in Appendix 1-3, please refer to https://ix-index.com/daics.html.

*Special Currency Treatment of DAICS® applies
**Based on 9th Dec 2024
G: Green Label

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

XRP

BCH

LTC

KAS

CRO

XMR

USDC

DAI

FDUSDG

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

SOLG

ADA

TRX

TON

AVAX

SUI

NEAR

ICP

HBAR

ETC

VETG

INJ

FTM

LINK

STX

MNT

OP

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

LEOG

OKBG

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

FET

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

WIFG

PEPEG

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

Definition

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

(11010)

(11020)

Definition

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.

(12010)

(12020)

(12030)

(12040)

Definition

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

(13010)

(13020)

(13030)

Definition

Provision of data management and storage, and development of

innovative crypto technology

(14010)

(14020)

(14030)

Definition

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

(15010)

(15020)

(15030)

(15040)

Definition

Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc.

(20510)

This shall be further developed in the future with more digital assets available in the market

(20520)

(20530)

(20540)

(20550)

Definition

Assets that mainly derived its valuation from property, real estate, and land

(21510)

(21520)

(21530)

(21540)

Definition

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).

(23510)

(23520)

(23530)

Definition

Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, games, events and programs, and souvenir collectibles that is derived from the above areas.

(25510)

This shall be further developed in the future with more digital assets available in the market

Following definition of the United Nations

17 sustainable development goals²

(25520)

(25530)

(25540)

(25550)

Definition

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.

(26510)

(26520)

(26530)

(26540)

Definition

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.

(27510)

(27520)

(27530)

(27540)

(27550)

(27560)

(27570)

(27580)

(27590)

(27500)

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
Hashtag: #DAICS

The issuer is solely responsible for the content of this announcement.

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 16 sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into 31 branches and sub-branches to be introduced in the future.

The establishment of the IX Asia Tokenization 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.

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