Cloudwall Adopts Wilshire’s Digital Asset Taxonomy System07.28.2022
Wilshire, a leading global financial services firm, announced that Cloudwall, a digital asset risk specialist, is integrating the pioneering Digital Asset Taxonomy System (DATS) as part of the Cloudwall Serenity platform, a digital asset risk management system, to help classify and group over 1,000 digital assets. Over time, Serenity will help investors understand market, liquidity, credit, operational and other risks both at the level of individual assets and whole sectors.
We are thrilled to announce that @cloudwallcap, a digital asset risk specialist, is integrating the pioneering Digital Asset Taxonomy System as part of the Cloudwall Serenity platform to help classify and group over 1,000 digital assets. Learn more here: https://t.co/SA8dVWpXhu pic.twitter.com/PBKWFqfepS
— Wilshire (@WilshireAssoc) July 26, 2022
With recent volatility, the entry of sophisticated institutional investors and the maturing of the digital asset market, a clear understanding of the various risks is essential. Unfortunately, standards for reference data describing digital assets – classifications, sectors, and even basic symbol information – are still in their infancy. DATS solves this problem for the industry and enables the development of advanced systems like Cloudwall Serenity to model and visualize risk.
Mark Makepeace, Wilshire’s Chief Executive Officer, commented, “We are delighted that Cloudwall recognized the strength of DATS and has implemented it into their system to further help the industry understand the risks and opportunities of the digital assets market. The rigorous approach to research and classification makes DATS the market standard for institutional investors, who need confidence in a rules-based taxonomy in order to conduct their research and make risk-adjusted asset allocation decisions.”
Kyle Downey, CEO of Cloudwall, said, “Risk systems depend on very high-quality reference data to help properly identify the assets in a portfolio and to aggregate exposures in a meaningful way. A robust sector taxonomy is a key piece of the puzzle: it helps recognize similarities between digital assets which lead to correlated returns, and lets investors view risks at various levels like sectors, sub-sectors and industries. DATS provides the leading solution for this problem in digital assets, and we are excited to make their comprehensive taxonomy available as part of Serenity.”
Launch follows successful implementation and testing of the initiative by BNP Paribas.
This will ease the process of gathering, aggregating and reconciling counterparty information.
The enhancements provide actionable insights within one click.
Real-time analytics that move from data to actionable information allows firms to save resources.
Standardised template will drive enhanced transparency and accountability.