The
financial industry is increasingly adopting the Digital Token Identifier (DTI)
ISO standard 24165, which is a unique identifier for the digital asset market.
The SIX Digital Exchange (SDX) has just become the first private distributed
ledger technology (DLT) financial infrastructure to adopt the standard
developed by the Digital Token Identifier Foundation.
The DTI ISO
standard serves to pinpoint digital ledgers, tokens, and cryptocurrencies . A
vital tool for regulators, DTIs assist in supervising digital asset exchanges,
ensuring compliance with anti-money laundering and counter-terrorism financing
measures, and monitoring risks associated with global digital currencies.
ISO
24165 is structured into two main sections:
- ISO 24165-1
outlines the procedure for registering and assigning a DTI. - ISO 24165-2
details the necessary data elements for registration and presentation in the
DTI registry.
Underlining
its importance, the European Securities and Markets Authority (ESMA) promotes
the use of DTI within the EU’s DLT Pilot initiative as a risk mitigation
measure. ESMA is mandated to formulate additional guidelines concerning the DLT
Pilot, where it advocates the application of DTIs.
“SDX
uses DTIs to identify existing…
