About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Etrading Releases Digital Token Identifier Registration Service, Initiates Use of Standards Across Digital Token Asset Class

Subscribe to our newsletter

Etrading Software has started Digital Token Identifier (DTI) registration following go live of the DTI registry in July 2021 and recent publication of the ISO standard for digital assets, ISO 24165. With the standard in place, early work by the registry includes coverage of the top 100 cryptocurrencies by market capitalisation – ultimately, all digital assets on a global basis will be identified and tracked using the standard.

Etrading operates the DTI registry through its non-profit division the DTI Foundation. The DTI service is complementary to the existing ISO standard – ISO 17442 – for the Legal Entity Identifier (LEI) that is used to track counterparties to a trade. It has been designed by the same committee that is working on an ISO standard for the Unique Product Identifier (UPI), which will come into play next year and track all OTC derivatives.

The DTI extends the scope of ISO standards to the digital token asset class for the first time, with the DTI service putting in place a means of processing of digital asset trades safely and with appropriate oversight.

Dominique Tanner, chairman of ISO committee ISO/TC 68/SC 8, says: “ISO 24165 can be used by investors, exchanges, data aggregators, ecosystem participants, regulators and issuers, who can now submit an application to register a fungible digital token and receive a DTI, which is a random, unique and unambiguous identifier. Registration eligibility for the DTI is based on objective and verifiable information provided by the applicant. This will help the market identify different tokens that may be exchanged, aggregated, listed, or tracked.”

Regulators will use the DTI to monitor digital asset trades for anti-money laundering and terrorist financing requirements, as well as for monitoring systemic risks arising from the trading of global stable-coins and other digital assets. The identifier will be used by market participants to uniquely identify a given digital token, thereby increasing market transparency and reducing operational risk.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Cardo AI Q&A: Shining a Light on Private Markets

New York headquartered Cardo AI seeks to bring transparency to private markets for investors, banks and funds. A-team Group’s Data Management Insight spoke to co-founder and chief executive Altin Kadareja about Cardo AI’s mission and operations. Data Management Insight: Hello Altin. When was Cardo AI created and how does it serve financial institutions? Altin Kadareja:...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...