back Back

Digital Token Identifier Foundation discusses the crypto market standards

By Joy Dumasia

August 30, 2021

Share

The Digital Token Identifier Foundation (DTIF) announced the first meeting of the Digital Token Identifier (DTI) Product Advisory Committee (PAC), which took place on Thursday, 12th August 2021. The DTIF is responsible for the DTI Registry and providing stewardship on DTI implementation and is a new non-profit division of Etrading Software (ETS), the Registration Authority for the ISO Digital DTI standard. The PAC has been established to discuss the new vendor-neutral, open, freely available, global DTI standard. 

The PAC will meet monthly, and one of the first areas of focus for this industry forum is stable-coins, a priority for the DTI Service upon launch in September. The PAC will also discuss such topics as how future regulatory changes will impact the crypto-market landscape. 

The PAC comprises more than 20 members, representing a cross-section of crypto-market participants, global institutional investors, standards bodies, academics, asset managers and market infrastructure providers from multiple global regions. 

Sassan Danesh, Managing Partner of Etrading Software, said: “We are delighted to announce the first meeting of the PAC this week, and pleased that such a comprehensive cross-section of industry both geographically and by sector is involved. This broadest collaboration, expertise and knowledge represented in both the DTIF and PAC will ensure for a DTI which will bring efficiencies and transparencies to the market.”

The crypto-asset class the DTI will cover includes crypto-currencies such as Bitcoin and multiple other product types, such as stable coins, security-tokens, and utility-tokens. With thousands of crypto-assets in the market and the list rapidly growing, there has so far been no standard way to identify one digital token from another.

Recently, IBS Intelligence reported that Etrading Software (ETS), a global provider of technology-led solutions, acting as exclusive Registration Authority for the new International Organization for Standardization’s (ISO) standard for Digital Token Identifiers (DTIs), announced the DTI Registry.

Previous Article

August 30, 2021

Digitisation of transport sector begins for businesses post-COVID

Read More
Next Article

August 30, 2021

GCash cements its position in the Philippines FinTech industry

Read More






IBSi Daily News Analysis

Data privacy

June 19, 2024

EMEA faces $85bn annual financial crime compliance costs, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Aspen Digital gets approval for financial services operations in the Middle East

Read More

Today

5 Spend Management Platforms to optimize your business finances

Read More

Today

POP raises $2.4m in Seed Funding from India Quotient to launch UPI Play

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023