According to The Block, Strategy has issued a strong rebuttal following the launch of an MSCI consultation that proposes new criteria for market inclusion. In this initiative, the index provider seeks feedback on restricting access specifically for companies where operating assets constitute less than 50% of their total asset base.
The Block reports that Strategy characterizes these proposed limitations as inherently discriminatory against Data Asset Tokens (DATs). The firm argues that such a threshold unfairly excludes entities whose value is derived from digital data holdings rather than traditional physical or operational infrastructure. By setting this specific percentage benchmark, MSCI effectively targets the nature of assets found in modern decentralized finance protocols.
The consultation aims to redefine which corporations qualify for standard market indices under these new guidelines. Strategy contends that penalizing companies based on an operating asset ratio ignores the growing importance and validity of data-centric business models. The firm insists that excluding DATs through this mechanism creates a barrier to entry that contradicts principles of fair market access.
The Block notes that MSCI is actively seeking industry input before finalizing these regulatory shifts. Strategy’s response highlights the potential for significant market fragmentation if such standards are adopted without broader consensus on how digital assets should be valued and included in global financial products.
