Grayscale has updated its crypto sector classification framework, officially designating XRP as a currency alongside Bitcoin. The move was disclosed in a recent update highlighting the introduction of a sixth distinct sector within its taxonomy.
According to @Brett_Crypto_X, XRP now sits in the “Currencies” segment, affirming its role as a medium of exchange. With this move, XRP follows in the footsteps of Bitcoin, Litecoin, and Zcash, which are recognized by significant players in the crypto area.
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Grayscale has updated its model to reveal six defined sectors: Currencies, Smart Contract Platforms, Financials, Consumer and Culture, Artificial Intelligence, and Utilities and Services. The structure was changed to reflect each asset’s primary duties so assets can be categorized and examined more simply when investing.
With the newest update, the Artificial Intelligence Crypto Sector has been added, including assets that mainly use AI. After this decision, a number of digital assets moved to this sector, even though they previously belonged to other categories.
Still, while Ripple has kept its currency classification, getting official approval has added to its strength within the industry.
$XRP Officially Recognized as a Currency Alongside Bitcoin in Grayscale’s Updated Crypto Sector. pic.twitter.com/LDbDqttrZR
— Brett (@Brett_Crypto_X) May 28, 2025
AI Sector Debuts as XRP Secures Currency Status
The introduction of the Artificial Intelligence sector brings protocols such as Fetch.ai and Ocean Protocol into a dedicated category. These assets were earlier placed under broader segments like Smart Contract Platforms and Consumer & Culture.
The move demonstrates Grayscale’s intent to stay ahead of technological shifts and refine asset categorization accordingly.
In addition, XRP’s recognition as a currency confirms its major role in international transactions and payments. As a result of the update, XRP might be perceived as more useful by investors and regulators.
The six-sector framework is similar to popular methods used in traditional finance. The Global Industry Classification Standard introduced a new Real Estate sector in 2016 to separate various financial assets more effectively. Changes by Grayscale are similar to how crypto asset management works.
Grayscale’s inclusion of XRP as a currency is a strong sign that its purpose is valid. Changes in the digital asset space may influence how investors set their strategies and form their opinions.
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