The Global Industry Classification Standard (GICS), traditionally used to structure equity markets, is now being explored for its applicability to digital assets. As institutional interest in crypto grows, the need for a standardized classification framework becomes critical for asset managers and index providers.

  • Structure Alignment: Mapping blockchain-based assets to traditional sector classifications enables more coherent portfolio strategies.
  • Institutional Adoption: A GICS-like taxonomy could ease integration of crypto into multi-asset portfolios.

The absence of a universal classification system in crypto markets leads to inconsistent reporting and risk assessment, limiting institutional engagement.

Current efforts to define sector and industry roles in the crypto space have resulted in several competing models. However, aligning with GICS logic could streamline the categorization of digital assets like smart contract platforms, stablecoins, and exchange tokens.

  1. Smart Contract Protocols (e.g., Ethereum, Solana)
  2. Stable Value Assets (e.g., USDC, DAI)
  3. Utility and Exchange Tokens (e.g., BNB, UNI)
Crypto Category GICS Equivalent Sector
Decentralized Finance Platforms Financials
Layer 1 Blockchains Information Technology
Stablecoins Cash & Equivalents