Wilshire Announces Appointment of Blythe Masters as Chair of New Digital Assets Advisory Group

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LONDON & SANTA MONICA, CA – (COMMERCIAL THREAD) – Wilshire, a global investment technology and advisory firm, today announced the formation of the Wilshire Digital Asset Advisory Group (Advisory Group) with Blythe Masters, founding partner of Motive Partners and expert in financial services, technology and digital assets, as a Chair. The Advisory Group brings together the world’s best digital asset practitioners to capture their collective perspectives and ideas. A critical next step is to deliver an industry standard Digital Asset Taxonomy (DATS) system.

As of October 2021, there were over 7,000 active digital assets, going far beyond cryptocurrencies. Together with Digital Asset Research (DAR), a specialist provider of crypto data and research, the advisory group has developed a comprehensive methodology for classifying digital assets. DATS enables the industry to categorize, manage and research digital asset technologies by identifying common use types and underlying technologies, as well as investment themes. This is an important element for the institutional market to develop investment solutions based on rigorous research.

The advisory group will review DATS classification decisions on a quarterly basis as the digital asset market continues to evolve at a rapid pace. Any changes will be officially communicated to the markets via a press release from Wilshire and DAR to ensure full transparency.

The task force will include a range of highly experienced digital asset experts and insiders.

Mark Makepeace, CEO of Wilshire, said: “I am delighted to announce that Blythe Masters is Chairman of the Wilshire Digital Assets Advisory Group. Bringing together the leaders in this market is extremely important to ensure that institutional participants have the depth of independent research available to bring the right solutions to the market for investors. By developing a standardized taxonomy with DAR that is aligned with how investors already compare industry and industry trends, we continue to be a catalyst to provide safer access to the digital asset market for institutional investors. .

Blythe Masters, Chairman of Wilshire’s Digital Asset Advisory Board, said: “The world of digital assets continues to grow at a rapid pace and grow in size, which means now is absolutely the right time to. develop a classification taxonomy to help investors understand it. all. With Wilshire and DAR, we have the right partners involved, bringing the right experience and the right ideas to creating a taxonomy, of which investors will see real benefits. ”

Doug Schwenk, CEO of DAR, said, “Since 2017, we’ve been committed to providing investors with unbiased, institutional-grade crypto data and research. We are extremely proud to work with Wilshire and Blythe as this advisory group sets standards for the institutional market. Bringing our existing DAR taxonomy as a starting point, we are starting with a solution backed by 5 years of work, covering over 1,000 assets and used by many market players.

Having a digital asset taxonomy has become an increasingly important market requirement due to the exponential growth of new crypto assets, including non-fungible tokens (NFTs). From industry to sub-sector, DATS will be based on the functionality or use case of a digital asset. DATS will be available in January 2022.

The taxonomic classification initially applies three main supersectors:

  • digital currencies, covering general purpose tokens, preserving confidentiality and stable and asset-backed;

  • compute platforms, including app tokens, protocol interoperability, notarization and supply chain management, smart contract platforms, and distributed compute and storage; and,

  • financial instruments, encompassing staking instruments and decentralized autonomous organizations and security tokens.

In addition to taxonomic classification, digital assets are grouped into themes and sub-themes related to some common characteristics, relating to purpose, utility, asset structure, or other key factors. The themes put forward are:

  • Environmentally focused theme – assets that aim to achieve more efficient energy use per transaction than assets implemented on proof-of-work blockchains. ;

  • Decentralized Finance (DeFi) – assets that disintermediate centralized financial services by using smart contracts on blockchains to apply the decentralized properties of digital assets to businesses, including, but not limited to, lending, trading and insurance, covering the sub-themes:

    • Automated market maker

    • Asset Management

    • Derivatives

    • Loans and borrowing

    • Assurance

    • Prediction markets

    • Yield aggregator

About Wilshire

Wilshire is a global provider of market-leading indices, advanced analytics and multi-asset investment solutions. A trusted partner of a diverse range of more than 500 institutional investors and financial intermediaries, our clients rely on us to improve the results of their investments for a better future. Wilshire is headquartered in the United States with offices around the world and advises on more than $ 1.3 trillion in assets, including $ 93 billion in assets under management.

You can find more information about Wilshire at www.wilshire.com

About Blythe Masters

Blythe Masters is an experienced financial services and technology executive and a founding partner of leading financial technology private equity firm, Motive Partners, where she is also CEO of Motive Capital Corp and President of Motive Capital Corp II , PSPCs sponsored by Motive funds. .

She is the former CEO of Digital Asset – provider of the world’s first DAML smart contract language. She was previously a senior executive at JP Morgan for 27 years. She was a member of the corporate and investment banking operational committee and the company’s executive committee. Positions included Head of Global Commodities, Head of Corporate and Investment Banking Regulatory Affairs, Chief Financial Officer of Investment Bank, Head of Global Credit Portfolio and Policy and Strategy credit manager and the structured credit manager.

Masters is a member of the board of directors of AP Møller Maersk, GCM Grosvenor and Credit Suisse Group. She is a member of the Santander Group International Advisory Board and the Santander Open Digital Services Board of Directors. She is a member of the advisory board of the United States Digital Chamber of Commerce, Figure Technologies, and Maxex. She is a member of the Brookings Institution’s Task Force on Financial Stability and PRIME Finance (The Hague-based group of recognized international financial market experts).

Masters is a graduate and Principal Fellow of Trinity College, Cambridge, where she obtained a BA in Economics.

About DAR

Digital asset research (DAR) is a specialist provider of cryptographic data and research. Since 2017, DAR has combined its expertise in traditional financial services and the crypto space to meet the needs of institutional clients, including asset managers, banks, custodians, family offices, financial technology companies, fund administrators, hedge funds and venture capital firms; flagship clients include FTSE Russell, Refinitiv and Bloomberg. DAR’s core offerings include verified clean price and volume data, crypto event calendar, master data master, industry taxonomy and taxonomy topics, Exchange Diligence and Token Diligence, and studies market related to cryptography.

Follow DAR: Twitter: @DAR_crypto; LinkedIn: https://www.linkedin.com/company/digital-asset-research/



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