CCData, an FCA-authorised benchmark administrator and provider of digital asset data and index solutions, has partnered with the Association of National Numbering Agencies (ANNA) and the Digital Token Identifier Foundation (DTIF) to introduce Digital Token Identifiers (DTIs) and International Securities Identification Numbers (ISINs) into CCData’s Asset Metadata solution.
The integration of these two identifiers means stakeholders of both parties can access metadata for more than 7,000 digital assets and respective ISO identifiers via CCData’s REST API. This will enhance transparency in the digital asset market by distinguishing between the ISIN-identified asset itself and its blockchain-based implementation, identified by DTI.
Speaking to BEST EXECUTION, Stephen Dreyer, managing director, ANNA, said: “The introduction of DTIs and ISINs to the suite of digital asset data and indices provided by an FCA regulated benchmark provider marks a huge step forward for all investors and traders in the digital asset space. These standards promote transparency and enable the analytical confidence that is so crucial to stakeholders as the sector grows.”
In 2023, a joint ANNA-DTIF Task Force was established to ensure a complementary relationship between the ISIN and DTI standards. The Task Force has progressed to introduce ISINs assigned by ANNA which are recognised by a new XT ISIN prefix. These are based on DTIs for digital assets that are not themselves financial instruments.
The ISO DTI standard for digital token identification continues to be adopted by crypto and digital asset market infrastructure and service providers and regulators. The European Securities and Markets Authority (ESMA) is anticipated to embed DTIs as the crypto-asset identifier under MiCA transparency reporting, order book, offering and record-keeping requirements. The ISO ISIN standard is already required by ESMA for reporting for MiFID II regulated financial instruments which would include tokenized securities.
Charles Hayter, CEO and co-founder of CCData, said: “The integration of XT ISINs and DTIs marks a vital step toward enhancing CCData’s interoperable capabilities while significantly increasing transparency for our user base. Market participants can now seamlessly access identification standards and asset metadata via a single API endpoint, enhancing data availability and universal identification standards across exchanges.”
©Markets Media Europe 2024
