The Association of National Numbering Agencies (ANNA) has formed a Technology Taskforce (TF-22) on digital assets to look at how standard International Securities Identification Numbers (ISINs) could be used to identify assets such as tokens and cryptocurrencies.
This push for standards harmonisation reflects ANNA’s aim to support a transparent, compliant and efficient financial markets structure, and addresses a market that does not yet use standard identifiers and related reference data.
The taskforce will assess the role and scope of ISINs in respect to digital asset identification and provide recommendations on the potential benefits of creating guidelines for the assignment of ISINs to all kinds of digital assets including asset tokens, payment tokens, utility tokens and hybrid tokens.
Uwe Meyer, executive director and secretariat at ANNA, says: “With digital assets emerging as a new investment class, the availability of quality, standardised reference data will serve as the foundation for a trusted token market. We hope the taskforce will ensure that we continue to use the ISIN standard wherever we can be sure it will be of most use to the industry.”