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

 

ESMA sets DTI as key crypto-asset identifier under MiCA

 

On 4 July 2024, ESMA published its second final report and technical standards laying out the DTI as the key crypto-asset identifier under the Markets in Crypto-Assets Regulation (MiCA).  The DTI will be used for pre- and post-trade transparency, order book management and record-keeping by CASPs. Issuers and offerors of asset-referenced or e-money tokens, commonly known as stablecoins, will also be required to provide DTIs within crypto-asset white papers. See the DTI Foundation press release here.

 

KYAX collaborates with ANNA and DTI Foundation to streamline digital asset regulatory reporting

 

KYAX announced the planned integration of the DTI and ISO 6166 ISIN standards within its regulatory reporting tool. By combining the golden source of unique identification of digital tokens with a leading digital asset reporting tool, regulated crypto-asset issuers and service providers will be able to stay compliant with minimal effort. See the DTI Foundation announcement here.

 

DTI Foundation and Particula collaborate on token identification and classification

 

The DTI Foundation and Particula announced the signing of an MoU which aims to transition crypto-asset identification from the International Token Identification Number (ITIN) previously established by ITSA to the use of DTIs. Additionally, token reference data will be integrated based on the ITC framework into the DTI Registry, positioning the DTI as the premier global identifier in accordance with ISO standards. See the DTI Foundation announcement here.

 

 

Industry views sought on principles underlying cost recovery model for DTI service

 

The DTI Foundation launched its industry consultation in June to gather feedback on the cost-recovery model for the DTI service, which is crucial for the financial viability and sustainability of the DTI Foundation. By involving industry stakeholders, the DTI Foundation strives to ensure that the fee model meets market needs and supports prudent financial management, in line with its mandate as Registration Authority for the ISO 24165 DTI standard. The deadline for comments is Friday, 23 August 2024.

 

See the press release and consultation paper here.

 

DTI Foundation resources

 

July DTI statistics

 

The total number of DTIs assigned is 2,516. Breakdown of DTIs:

 

  • 2,148 Auxiliary digital tokens
  • 204 Native digital tokens & ledgers
  • 164 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.

 

European Blockchain Convention, 25-26 September, Barcelona

Digital Assets Week London, 2-3 October, London

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

 

Relevant news and publications

 

17 July 2024: Basel Committee published its final disclosure framework for banks’ cryptoasset exposures and targeted amendments to its cryptoasset standard.

 

15 July 2024: EBA published its consultation paper on guidelines to assist competent authorities in performing their supervisory duties regarding issuers’ compliance under MiCA. The deadline for the submission of comments is 15 October 2024. 

 

14 July 2024: ESA’s published their joint consultation on guidelines to establish templates for explanations and legal opinions regarding the classification of crypto-assets along with a standardised test to foster a common approach to classification. The deadline for the submission of comments is 12 October 2024. 

 

12 July 2024: ESMA published new Q&As on MiCA, including the treatment of staking, grandfathering clauses, and simplified authorisation procedures, among others.

 

5 July 2024: EBA published a statement for the attention of persons issuing to the public, offering to the public, or seeking admission to trading of asset-referenced tokens (ARTs) and e-money tokens (EMTs) and for consumers. 

 

4 July 2024: EBA issued new ‘travel rule’ guidelines to tackle money laundering and terrorist financing in transfers of funds and crypto assets.

 

28 June 2024: U.S. Department of the Treasury and IRS released final regulations implementing bipartisan tax reporting requirements for sales and exchanges of digital assets.

 

About the DTI Foundation

 

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. 

 

 

Privacy Policy   |  Contact Support   |  Unsubscribe

Suite 21-23, 107
Cheapside, London, EC2V 6DN

 

© 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.