Institutional Neutral 6

ABT Market Share Doubles to 2.05% in DAICS 1H 2026 Review — 7 Green Coins Named

IX Asia Indexes' half-yearly DAICS review reveals asset-backed tokens now account for 2.05% of the crypto market, with Tether Gold and PAX Gold officially classified. Seven energy-efficient cryptocurrencies earned the Green Coin Label, signaling a shift toward sustainability-focused indexing.

· 4 min read · Verified by 3 sources ·
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Key Takeaways

  • IX Asia Indexes' half-yearly DAICS review reveals asset-backed tokens now account for 2.05% of the crypto market, with Tether Gold and PAX Gold officially classified.
  • Seven energy-efficient cryptocurrencies earned the Green Coin Label, signaling a shift toward sustainability-focused indexing.

Mentioned

IX Asia Indexes company DAICS (Digital Asset Industry Classification System) product ixCrypto Infrastructure Index product ixCrypto Stablecoin Index product Tether Gold (XAUT) token XAUT PAX Gold (PAXG) token PAXG Green Coin Label company

Key Intelligence

Key Facts

  1. 1DAICS 1H 2026 review announced on June 26, 2026, with all classification changes effective July 24, 2026, including ixCrypto Infrastructure and Stablecoin indices.
  2. 2No reclassifications of existing cryptocurrencies or asset-backed tokens were made; the taxonomy retains 5 industries and 18 sectors for crypto, and 6 asset types for ABTs.
  3. 3Asset-backed tokens (ABTs) now represent 2.05% of total digital asset market capitalization as of May 31, 2026, up from 0.91% in the prior 2H 2025 review.
  4. 4Tether Gold (XAUT) and PAX Gold (PAXG) were newly classified as ABTs, expanding the framework’s coverage of tokenized commodities.
  5. 5Seven cryptocurrencies earned the Green Coin Label, ranking in the top 15th percentile for lowest energy consumption per transaction among the top 50 DAICS constituents.
  6. 6The review impacts index composition for IX Asia Indexes products, with updated market capitalization, rankings, and weightings published at www.ix-index.com.
ABT Market Share (May 31, 2026)
2.05% +1.14pp from 0.91%

Asset-backed tokens more than double their share of total digital asset market cap, driven by tokenized gold adoption.

ABT & Green Coin Adoption

Who's Affected

Tether Gold (XAUT)
tokenPositive
PAX Gold (PAXG)
tokenPositive
7 Green Coins (unlisted)
cryptoPositive

Analysis

For crypto investors and fund managers, the DAICS 1H 2026 review is a roadmap to the sector's institutional future. The doubling of asset-backed token market share to 2.05% underscores the growing legitimacy of tokenized gold and real-world assets as core portfolio allocations. Simultaneously, the introduction of a Green Coin Label—backed by energy-per-transaction data—provides the first standardized ESG filter for digital asset indices, potentially unlocking new capital from environmentally conscious investors.

The 1H 2026 review of the IX Digital Asset Industry Classification System (DAICS®) by IX Asia Indexes marks a pivotal moment for the maturation of digital asset markets. While the review reaffirms the existing 5-industry, 18-sector structure for cryptocurrencies, its most significant takeaways lie in the accelerating shift toward asset-backed tokens (ABTs) and the formal recognition of energy-efficient networks. The data reveals that as of May 31, 2026, ABTs now constitute 2.05% of total digital asset market capitalization—more than doubling from 0.91% in the prior review. This surge underscores a fundamental trend: the tokenization of real-world assets is moving from niche experimentation to a measurable component of the crypto economy, driven by institutional demand for transparency, regulatory alignment, and yield-bearing instruments.

The data reveals that as of May 31, 2026, ABTs now constitute 2.05% of total digital asset market capitalization—more than doubling from 0.91% in the prior review.

The classification of Tether Gold (XAUT) and PAX Gold (PAXG) under ABTs validates gold-backed tokens as a distinct, investable category within the expanded taxonomy. These additions reflect a broader market appetite for commodities on-chain, where tokenized precious metals offer a bridge between traditional safe-haven assets and the liquidity of decentralized finance. For index providers and ETF issuers, this signals that ABTs are now sufficiently liquid and standardized to warrant dedicated mandates. The DAICS framework, by formalizing categories like Culture, Real Estate, Financials, Entertainment, Natural Resources, and Green Economy, is laying the groundwork for future passive products that could channel billions into curated baskets of tokenized real-world assets.

Equally noteworthy is the introduction of the Green Coin Label, which identifies seven cryptocurrencies ranking in the top 15th percentile for energy efficiency per transaction among the top 50 DAICS constituents. This label provides a data-driven filter for ESG-conscious investors, a segment that has historically been sidelined in crypto due to concerns over proof-of-work energy consumption. By quantifying energy-per-unit-transaction and benchmarking against peers, DAICS transforms an abstract moral discussion into a comparable metric. This could catalyze the launch of green crypto indices or sustainability-linked derivatives, mirroring trends seen in equity markets where ESG screens have become critical differentiators for capital allocation. The label further incentivizes networks to optimize consensus mechanisms, potentially accelerating the shift toward proof-of-stake and other low-energy protocols.

The lack of reclassifications in this review is itself a signal of stability. After earlier DAICS updates restructured industry groupings to better reflect evolving use cases, the 1H 2026 freeze suggests the taxonomy has reached a level of maturity that market participants can rely on. A static classification reduces operational overhead for fund managers, compliance officers, and research analysts who depend on consistent sector definitions for performance attribution and risk management. With the ixCrypto Infrastructure Index and ixCrypto Stablecoin Index also incorporating these changes from July 24, 2026, the review directly impacts portfolio monitoring tools and benchmarking.

What to Watch

From a market structure perspective, the review highlights the growing importance of Hong Kong as a nexus for digital asset classification standards. IX Asia Indexes’ DAICS competes with other taxonomies like CoinDesk’s Digital Asset Classification Standard (DACS) and the Global Digital Asset Taxonomy (GDAT), each striving to become the lingua franca for institutional investors. By expanding ABT coverage and embedding sustainability criteria, DAICS is positioning itself as a forward-looking framework that aligns with the EU’s MiCA regulation and Asia-Pacific green finance initiatives. The July 24 effective date for index rebalancing will likely trigger minor reallocations from passive funds tracking iXC benchmarks, though the absence of top-50 crypto additions or deletions means equity investors see limited direct impact.

Looking ahead, the next review will test whether the ABT momentum is sustained and whether the Green Coin Label gains third-party verification or audit credentials. The 2.05% ABT share, while still modest, represents a compound growth trajectory that, if maintained, could see ABTs exceed 5% of the total crypto market cap within two years. This would bring the segment to a scale where it becomes unavoidable for diversified multi-asset portfolios, forcing institutional gatekeepers to develop dedicated ABT strategies. For crypto-native participants, DAICS provides a credible bridge to the language and tools of conventional finance, accelerating institutional onboarding and the convergence of DeFi with real-world assets.

Sources

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Cite This Page

"ABT Market Share Doubles to 2.05% in DAICS 1H 2026 Review — 7 Green Coins Named." Crypto Intelligence Brief, July 27, 2026. https://getcryptobrief.com/story/daics-1h-2026-review-abt-green-coins-crypto

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