The Digital Token Identifier Foundation (DTIF), created by Etrading Software to provide ISO standard identifiers for digital assets based on open data principles, has reached agreement with DLC Distributed Ledger Consulting to display a crypto risk metrics score on Digital Token Identifiers (DTIs) for commonly traded tokens. The metric score, combined with the DTI standard, aims to bring further transparency to the digital assets and crypto market.
Crypto Risk Metrics is a Software-as-a-Service tool developed by Hamburg, Germany based DLC. The consultancy says it is the first tool certified to the IDW PS 951 standard of the Institute of Public Auditors in Germany for risk management of digital assets such as Bitcoin, Ether and numerous other tokens. The tool also includes surveillance systems for tokenised securities and has been running and audited since 2021.Where the DTI uniquely identifies the implementation of the token on distributed ledger technology (DLT), the newly attached risk metric score – which will be provided free to all DTIF registry users – will be determined from a variety of different data points and will take into account regulatory requirements from national, international and European organisations, as well as regulatory authorities.
Denis Dounaev, product owner of the DTIF at Etrading, says: “Digital asset markets exhibit new risks that do not exist in traditional financial markets and require a novel approach which DLC provides. With this partnership, we are expanding the registry beyond offering a unique identifier based on an ISO standard to a set of tools to empower users to make more informed decisions in the evolving digital landscape.”
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