The Association of National Numbering Agencies (ANNA) and the Digital Token Identifier Foundation (DTIF) have reached a memorandum of understanding (MOU) that will allow phased introduction of new ISINs to identify crypto assets. This is expected to optimise and automate more comprehensive data sets within the ISO standard registries operated by ANNA and DTIF.
The MOU is a result of two years’ work by a joint task force established in April 2021 to ensure a strong relationship between the ISO 6166 ISIN and ISO 24165 DTI (Digital Token Identifier) standards. The work has progressed to introduce ISINs assigned by ANNA that are recognised by a new XT ISIN prefix. These are based on DTIs for crypto assets that are not financial instruments.
“Digital assets are a strategic topic for ANNA,” says Stephan Dreyer, managing director at the association. “This is an opportunity to harmonise the ISIN and DTI to provide industry with complementary standards and greater transparency.”
The ISIN and DTI have different functions but are intrinsically linked. Where the ISIN identifies the asset, the DTI uniquely identifies the implementation of the token on a blockchain. Under the MOU, DTIs included in the DTI register can be issued an ISIN at ANNA’s discretion. This integration is expected to reduce operational complexity and industry costs and provide a clear link between an asset and a digital token that relates to the asset.
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