Goldman Sachs Backed Circle Publishes Framework on How it Chooses New Token Listings

Crypto finance and blockchain company Circle has released details of its new Circle Asset Framework and Asset Listing Form. This explains how Cricle chooses which cryptocurrencies to be listed on the Poloniex exchange, which the firm acquired earlier this year. It also underlines which aspects it evaluates to add new listings to the Circle Invest and the Circle Trade products.

Circle further details how a blockchain firm should proceed with the listing of a new coin at Circle’s platform.

Any crypto company wishing to list its coin at Circle has to follow its Asset Framework, which includes questionnaires across five categories – fundamentals, technology, people, business model, and market dynamics.

“Our Asset Framework provides an approach to understanding each asset’s potential,” Circle stated in the official announcement. “We score projects in each category based on publicly available data points and information submitted to us through our Asset Listing Form.”

However, the framework is not a strict format. “We want to be clear: this framework is not intended to be a comprehensive checklist of requirements that projects must meet. We understand that projects may be at different points in the development cycle, and each brings something different to the table. Instead, this framework is meant to help us prioritize new listings according to the opportunity they present for Poloniex customers,” Circle added.

Circle currently lists seven coins – Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Monero, and Zcash.

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