What are the different types of blockchain assets?

Did you know that there are 2000+ blockchain assets right now? Wow! That's too many, right? Have you ever wondered what do these assets do? How are they classified into various categories? We will cover some high-level asset categories for you along with examples of assets that fall into these categories.

While different experts have different opinions on how these digital assets are classified, we are using a bird's eye view categorisation method to explain what each category means and some popular assets in these categories.

Payment Currencies

As the name suggests, these assets are mainly used to conduct day-to-day transactions, hence are called Payment Currencies. These assets are used to pay your bills, cash out to local fiat currencies, etc. While every digital asset can be theoretically be used to pay bills, make payments, etc. the merchant adoption is not usually available for all of them.

Cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) etc. are very popular Payment Currencies.

Blockchain Economies

An economy consists of various players involved in making financial transactions resulting in the overall increase in the value of the economy itself. In the blockchain world, these are platforms which let you create tokens, DApps, etc. on their platform. These platforms are generally robust in nature and can host thousands of tokens, DApps etc. on them.

Assets like Ethereum (ETH), Ethereum Classic (ETC), EOS (EOS), NEO (NEO), Tron (TRX) are some very popular examples of blockchain economies.

Privacy Coins

Some digital assets are created with a focus on privacy. In a person to person transaction, only the sender and receiver know the number of coins transacted, others cannot view it. Also, the balance of an address cannot be known by the public - only the owner knows the balance.

Assets like Monero (XMR), ZCash (ZEC), Dash (DASH), PIVX (PIVX) etc. are examples of Privacy Coins.

Utility Tokens

Utility tokens focus on a providing a service layer on the blockchain. They provide a function or a resource to address a specific need - example e-commerce platform on the blockchain. They run on a platform blockchain they do not directly manage or control. Most utility tokens run on the Ethereum platform right now, however, this trend is soon changing with so many more platform blockchains coming up.

Examples of Utility Tokens are Basic Attention Token (BAT), Civic (CVC), OmiseGo (OMG), and 0x (ZRX).


These assets are very popular among regular traders as they provide a stable store of value - they always have the same price, unlike the fluctuating prices of other digital assets. Different projects follow different methods to ensure their assets always has the same value - dollar reserves, bank balances, smart contracts, gold reserves etc. are some ways to ensure the same value of the asset. These assets carry counterparty risk though, read more about it here: https://support.exodus.io/article/794-what-is-counterparty-risk

Examples of Stablecoins include Tether (USDT), Dai (DAI), TrueUSD (TUSD), etc.