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

 

Etrading Software recognised as ANNA partner and Designated Numbering Authority for crypto ISINs

 

Etrading Software (ETS), parent entity of the non-profit DTI Foundation, has been recognised as a Partner of the Association of National Numbering Agencies (ANNA) and Designated Numbering Authority for issuing ISINs for crypto instruments globally.

 

ETS, acting through its non-profit division, has already been working with ANNA for over 2 years as part of the ANNA-DTIF task force. To date the task force has issued more than 200 XT ISINs and ETS will continue this task, allocating XT ISINs to all in-scope DTIs. See the DTIF announcement here.

 

FCA considers DTI use for DLT securities under MiFIR improvements consultation

 

On 15 November 2024, the Financial Conduct Authority (FCA) launched its discussion paper on improving the UK’s transaction reporting regime. As part of the amendments, FCA is considering use of the DTI for transaction reporting for tokenised securities in scope under Article 26(2)(a) of UK MiFIR. The FCA noted that the additional of a DTI would enhance its market monitoring capabilities and to better track track potential price discrepancies across multiple blockchains.

 

The DTI Foundation welcomes FCA’s proposed amendments to update MiFIR to the application of financial instruments issued, traded, and settled using DLT. We are ready to support further industry implementation of the DTI and encourage industry participants to reach out with any questions. See the consultation here.

 

DTI as component to ICMA DLT debt securities guide

 

On 11 December, the International Capital Market Association (ICMA) published its DLT Bonds Reference Guide to raise further awareness and share learning experiences from transactions involving DLT across jurisdictions globally. The Guide highlights considerations for the end-to-end lifecycle of DLT-based debt securities, including the use of DTIs to identify DLT ledgers and token implementations. The Guide is available here. 

 

See the DTI Adoption and Integration page for a snapshot of DTI uses.

 

DTI Foundation responds to Regulatory Oversight Committee’s Revised CDE Technical Guidance

 

The DTI Foundation responded to the Regulatory Oversight Committee (ROC) consultation on the harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – Revised CDE Technical Guidance (Version 4). We welcome the ROC’s proposed revision to set the ISO 24165 DTI standard for the Underlier ID (Other) for digital assets. See the full response here.

 

Digital asset regulation: Integrating the DTI standard

 

MiCA is a significant step forward for the European Union, providing clear guidelines for the issuance and management of stablecoins. DTI Foundation’s Rowan Varrall explores the latest regulatory proposals to support digital assets.

 

First published on 19 December 2024 in Finextra Long Reads: Digital asset regulation: Integrating the DTI standard. 

 

DTI Foundation resources

 

Registry API

 

DTI Foundation’s API solutions are designed to provide reliable access to the Registry. The APIs allows access to the up-to-date registry data and ability to search the entire registry on specific data elements. See the DTI API page for further details.

 

Contact [email protected] if you are interested to subscribing to our premium or enterprise APIs, which include additional features such as  historical snapshots, incremental files, versioning and other metadata.

 

December DTI statistics

 

The total number of DTIs assigned is 2,724. Breakdown of DTIs:

  • 2,201 Auxiliary digital tokens
  • 213 Native digital tokens & ledgers
  • 310 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 2025. Don’t miss these opportunities to expand your knowledge and network with industry leaders. See further details in the links below.

 

Digital Assets Forum, 3 February 2025, London

Digital Assets Week, 27 February 2025, Hong Kong

Paris Blockchain Week, 8-10 April 2025, Paris

Digital Assets Week, 20-21 May 2025, New York

Relevant news and publications

 

17 December 2024: ESMA published a statement on MiCA transitional measures, including a list of grandfathering periods decided by Member States.

 

17 December 2024: ESMA published the last policy documents to get ready for MiCA, including technical standards on market abuse and guidelines on reverse-solicitation, suitability, crypto-asset transfer services, qualification of crypto-assets as financial instruments, and maintenance of systems and security access protocols.

 

17 December 2024: EU Commission adopted RTS under MiCA specifying the content, methodologies and presentation of information in respect of sustainability indicators in relation to adverse impacts on the climate and other environment‐related adverse impacts.

 

16 December 2024: FCA published a discussion paper on its approach to cryptoasset Admissions and Disclosures (A&D) and the Market Abuse Regime for Cryptoassets (MARC). Responses are due by 14 March 2024.

 

13 December 2024: ESMA released a warning on the risks of crypto-assets within the context of implementation of the new MiCA Regulation in the EU.

 

13 December 2024: Hong Kong Government announced its commitment to implementing Crypto-Asset Reporting Framework. Based on the latest timetable set by the Global Forum, the Government aims to commence the first automatic exchanges with relevant jurisdictions under CARF from 2028, based on the initial plan that the necessary local legislative amendments can be put in place by 2026.

 

12 December 2024: UK’s Prudential Regulation Authority published a data request firms’ current and expected future cryptoasset exposures. The data will inform work across the PRA and the Bank of England on calibration of the prudential treatment of cryptoassets.

 

10 December 2024: European Supervisory Authorities (ESAs) published joint Guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR.

 

6 December 2024: The Hong Kong Government published in the Gazette its Stablecoins Bill, which seeks to put in place a regulatory regime for issuers of fiat-referenced stablecoins (FRS) in Hong Kong. The bill will be introduced into the Legislative Council for first reading on December 18.

 

6 December 2024: The US Treasury Financial Stability Oversight Council recommended, as part of its 2024 Annual report, that Congress pass legislation to create a comprehensive federal prudential framework for stablecoin issuers, and provide federal financial regulators with explicit rulemaking authority over the spot market for crypto assets that are not securities. 

 

4 December 2024: ASIC published its consultation paper on proposed updates to its crypto assets information sheet 255.

 

3 December 2024: Implementing Technical Standards for crypto-asset white paper under the EU’s MiCA regime have been published in the Official Journal, with entry into force 23 December 2024.

 

2 December 2024: Brazil’s central bank issued a consultation on its proposal which amend existing resolutions regarding virtual asset service providers (VASPs) in the foreign exchange market.

 

29 November 2024: EU Commission has adopted the delegated regulation on technical standards for crypto-asset service provider order book records under the MiCA Regime.

 

28 November 2024: HKMA announced the launch of its Digital Bond Grant Scheme (DBGS), aiming to promote development of the digital securities market. Subject to the satisfaction of relevant eligibility requirements under the DBGS, a maximum grant of HK$2.5 million will be offered to each eligible digital bond issuance in Hong Kong. 

 

27 November 2024: BCBS published technical amendments to provide clarification on consistent global implementation of the Basel Framework, including cryptoasset exposures.

 

26 November 2024: FCA published its crypto roadmap, setting out timelines for planned discussion and consultation papers.

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. 

 

 

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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.