Digital Token Identifier Registry goes live with Etrading Software

By Joy Dumasia

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, which will assign ISO’s DTI Identifiers to digital tokens globally gone live on 1st July 2021.

Etrading Software’s Digital Token Identifier Foundation (DTIF), a non-profit division of the company, is responsible for the DTI Registry. The foundation’s mission is to provide the reference data for the unique identification of digital tokens based on ISO’s new standard for digital assets, ISO 24165. The launch is ahead of the ISO standard scheduled to be published in 2021 to meet urgent industry and regulatory needs.

The DTIF has pre-seeded the registry with 100 tokens and over 70 fork records associated with these tokens. It will continuously add and verify the normative and informative token data in preparation for the full launch. The scope of DTI issuance is all digital assets that use distributed ledger technology for their issuance, storage, exchange, the record of ownership, or transaction validation and are not a “fiat” currency (as defined by ISO 4217).

Sassan Danesh, the Managing Partner of Etrading Software, said: “The purpose of the DTI is to address the demands of exchanges, custodians, financial institutions, and regulatory authorities for a registry and identifier assignment process for digital tokens, to mirror the use of ISINs and UPIs in the digital asset space. DTIs will bring many benefits to users of this burgeoning asset class, from improving liquidity, allowing for easier identification of counterparties, facilitating price discovery and improving the operational efficiency of post-trade processing. We are pleased with how the DTI is being received by the industry.”

Lawrence Wintermeyer, the Executive Co-Chair of GDF, said: “Global Digital Finance (GDF) welcomes the launch of the ISO Digital Token Identifier. This new industry standard, when adopted by digital asset service providers, data providers, and regulators, will contribute, alongside the GDF Code of Conduct, to the mainstream adoption of digital assets in an orderly and standardized way.”