Global Digital Finance (GDF) has partnered with the Association of National Numbering Agencies (ANNA) and the Digital Token Identifier Foundation (DTIF) to establish standardised identification data and best practices within the digital asset industry.
Through the partnership, GDF, which provides a platform for digital asset innovation in financial services, stated that it aims to improve awareness and adoption of market standards that support stronger, transparent and more efficient bridges between TradFi and the digital asset ecosystem.
This partnership follows the ANNA-DTIF Task Force, established in 2021, which aims to ensure a complementary relationship between the International Securities Identification Number (ISIN) and Digital Token Identifier (DTI) ISO standards. In 2023 the initiative expanded to cover new ISINs assigned by ANNA (XT ISINs), based on DTIs for digital assets that are not financial instruments.
The ISO ISIN standard has already been adopted by the European Securities and Markets Authority (ESMA) under MiFID II reporting for regulated financial instruments, including tokenised securities. The authority is further expected to embed DTIs as the crypto-asset identifier under MiCA transparency reporting, order book, offering and record-keeping requirements.
Commenting on the partnership, Madeleine Boys, head of programmes and innovation at GDF, said: “Standards are key to unlocking efficiencies and driving transparency in financial markets. For regulators, global identification standards help bring consistency and transparency into new DLT markets. For market participants, this standard supports better effective risk management and has been commended by industry as a strong foundation for better interlinking digital finance and traditional finance.”
Stephan Dreyer, managing director at ANNA, added: “Since launch last year, the ANNA/DTI Foundation partnership has significantly progressed the introduction of new International Identification Securities Numbers (ISIN) to identify crypto assets to support industry transparency and interoperability.
“We are now delighted to be working with Global Digital Finance (GDF) to facilitate greater integration within wider industry communities.”
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