Table of Contents

 

Welcome to the DTI Foundation’s latest Update. Our aim is to share news on DTIF initiatives, statistics, regulatory updates and recent publications impacting digital asset markets.  

 

DTI Foundation initiatives

 

DTIF response to joint FSTB and HKMA consutlation on regulating stablecoin issuers

 

The DTIF and its Product Advisory Committee responded to the joint Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) public consultation paper to gather views on the legislative proposal to regulate issuers of stablecoins.

 

The response outlines how the DTI facilitates various objectives set out within the consultation paper, specifically in addressing disclosure requirements through (i) the identification of DLT networks and digital tokens and (ii) the assessment of risks associated with cryptoasset technology.


See the full response here.

 

Digital token identification to support crypto and digital asset markets

 

DTIF’s Rowan Varrall introduces the DTI standard to the CMDPortal Future Forum in its latest quarterly publication.

 

See the full article here.

 

DTIF responds to FCA discussion paper on regulating cryptoassets phase 1: stablecoins

 

The DTIF and its Product Advisory Committee responded to the UK Financial Conduct Authority (FCA) discussion paper DP23/4 to help develop its regime for fiat-backed stablecoins including when used as a means of payment. 

 

The DTIF’s response outlines how the use of the ISO 24165 Digital Token Identifier (DTI) standard supports various proposals set out in the paper on record-keeping, communicating information, client disclosures and statements, and operational resilience through (i) the classification of DLT networks and digital tokens and (ii) the assessment of risks associated with cryptoasset technology.

 

See the full response here.

 

DTIF responds to BCBS consultation on disclosure of cryptoasset exposures

 
The DTIF and its Product Advisory Committee responded to the Basel Committee on Banking Supervision (BCBS) consultation paper on banks’ disclosure of cryptoasset exposures.
 

The DTIF’s response outlines how the use of the ISO 24165 Digital Token Identifier (DTI) standard could support a harmonised approach to cryptoasset disclosures for the proposed templates within DIS55 Cryptoasset exposures.

 
See the full response here.

 

DTI Foundation resources

 

February DTI statistics

 

The total number of DTIs assigned is 2,129, a 9.4% increase from January 2024. Breakdown of DTIs:

 

  • 1,837 Auxiliary digital tokens
  • 171 Native digital tokens & ledgers
  • 121 Functionally fungible group tokens

 

Events

 

We are excited to announce that the DTI Foundation and the Association of National Numbering Agencies (ANNA) are partnering up for speaking at several crypto and digital asset events in 2024. Don’t miss these opportunities to expand your knowledge and network with industry leaders. See further details in the links below.

 

Infoline Trade & Transaction Reporting Summit, 5 March 2024, London

 

Join DTI Foundation’s Denis Dounaev and ANNA’s Stephan Dreyer to discuss Asset and Token Identification while exploring the implications of MiCA.

 

Register via this link and get 20% discount: https://bit.ly/3SsMTck 

 

Digital Assets Asia 2024 – DAA2024, 27 March, Hong Kong

 

Paris Blockchain Week, 9-11 April, Paris

 

As the leading event in the blockchain industry, Paris Blockchain Week brings together renowned business leaders, investors, entrepreneurs, change-makers and experts across sectors of finance, technology, government, media and entertainment to collaborate and advance innovation in blockchain, AI, and Web3.


With 10,000+ attendees, 500+ speakers, 400+ media and 300+ enterprises for the 2024 edition, our partners include companies such as Nasdaq, Meta, Stellar, Binance, Forbes and many more.


*For members and customers of ANNA & DTIF, a special 5% discount is offered on Sponsorship Package, with the eligibility for 40% discount on tickets as part of the Sponsorship Package

 

Digital Assets Forum, 15 April, London

 

The Digital Assets Forum, hosted by the European Blockchain Convention, is an exclusive event that brings together key institutional players in the digital assets world, including asset managers, banks, crypto funds, infrastructure providers, policy makers, and more. The forum will feature insightful panel discussions, dedicated spaces for 1-on-1 meetings, and an exhibition area.

*Use code ANNADTIF20 for 20% discount on tickets

 

Digital Assets Week California, 21-22 May, San Francisco

 

European Blockchain Convention, 25-26 September, Barcelona

 

Digital Assets Week: Singapore, 14-15 November, Singapore

 

Digital Assets Week London, 14-15 November, London

 

Relevant news and publications

 

23 February 2024: Polish Ministry of Finance submitted a draft act for consultation, indenting to ensure the application of the Markets in Crypto-Assets Regulation (MiCA).

 

22 February 2024: EU Commission adopted four Delegated Regulations on additional criteria of supervision under MiCA, including procedural rules on EBA powers on significant ARTs and EMTs, fees charged by EBA, criteria for classifying significant ARTs and EMTS, and criteria relating to ESMA and EBA intervention powers.

 

22 February 2024: UK Law Commission published its consultation on a draft Bill intended to confirm that crypto-tokens, and potentially other assets such as voluntary carbon credits, are capable of being recognised by the law as property.

 

20 February 2024: HKMA published a circular on the Provision of Custodial Services for Digital Assets.

 

7 February 2024: FCA announced it has issued 450 consumer alerts between 8 October 2023 and 31 December 2023 focusing on illegal cryptoasset promotions to UK consumers, among other statistics as part of its Financial promotions data 2023.

 

7 February 2024: HKMA published its consultation paper on proposals to implement regulations on the prudential treatment of cryptoasset exposures. Deadline for comments is 6 May 2024. The DTI PAC intend to respond – reach out if you would like to join the discussion.

 

6 February 2024: MAS published its revised notice to operators and settlement institutions of designated payment systems and holders of payment services licence (digital payment token service).

 

2 February 2024: ESMA published updated Q&As on passporting rights from entities benefiting from grndfathering, among other topics under the Markets in crypto-assets (MiCA) regulation.

 

2 February 2024: IMF published its working paper introducing a conceptual model named ASAP (Access, Service, Asset, Platform) for Digital Asset Platforms (DAP), leveraging insights from IT industry practices and experiments by central banks.

 

31 January 2024: ESMA published its latest report on Trends, Risks and Vulnerabilities, including an overview of the crypto-asset market movements.

 

29 January 2024: BIS published its working paper on Public information and stablecoin runs.

 

29 January 2024: ESMA published two consultation papers on guidelines for reverse solicitation and classification of crypto assets as financial instruments under MiCA. Deadline for responses is 29 April 2024.

 

24 January 2024: FSB published its 2024 work programme, including the progression of its work on effective implementation of a global regulatory and supervisory framework for crypto-asset activities and markets and for global stablecoin arrangements.

 

18 January 2024: Canadian Securities Administrators (CSA) published a request for comment on its Proposed Amendments to National Instrument 81-102 and Companion Policy 81-102CP on Investment Funds. The Proposed Amendments and CP Changes pertain to reporting issuer investment funds that seek to invest directly or indirectly in crypto assets.

 

About the DTIF

 

The Digital Token Identifier (DTI) Foundation is the Registration Authority for the International Organization for Standardization (ISO) 24165 Digital Token Identifier (DTI) standard, an ISO standard that enables the unique identification of all fungible digital assets which use distributed ledger technology for token issuance, storage, exchange, a record of ownership, or transaction validation.

 

The DTI Foundation’s mission is to provide the golden source reference data for the unique identification of digital tokens. As its mandate, the DTI Foundation issues and maintains DTIs on a non-profit basis, to increase transparency in the digital asset space by creating a core reference data set based on open data principles and made available as a public good. 

 

 

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© Digital Token Identifier (DTI) Foundation 2024. All rights reserved. This document is provided for information purposes only and should not be relied upon as legal, financial, or other professional advice. While the information contained herein is taken from sources believed to be reliable, DTI Foundation does not represent or warrant that it is accurate or complete and neither DTI Foundation nor its employees shall have any liability arising from or relating to the use of this publication or its contents.