DTI Foundation Update: April 2025

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

Further adoption of ISO digital toke identifier standard

SIX: On 1 April 2025, SIX announced the launch of its Digital Assets Regulatory & Tax Service. The DTI as a component of the service’s reference data will allow firms to monitor, flag, and process changes in existing regulatory and tax requirements that relate to their digital assets. See the SIX announcement here.

21X: On 7 April 2025, 21X announced the implementation of the ISO 24165 standard for the issuance and maintenance of digital token identifiers at listing. The implementation of the ISO 24165 standard by 21X will provide issuers and asset managers with a robust framework for managing their tokenized assets, ensuring compliance with evolving regulatory requirements and enhancing investor confidence. See the DTI Foundation announcement here.

See further DTI use cases here.

DTI Foundation responds to FCA DP24/4 on regulating cryptoassets

The DTI Foundation and its Product Advisory Committee responded to the UK Financial Conduct Authority’s discussion paper on Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets (DP24/4). See the full response here.

DTI Foundation responds to ASIC consultation on digital asset guidance

The DTI Foundation and its Product Advisory Committee responded to the Australian Securities & Investments Commission’s consultation on consultation paper 381, Updates to INFO 225: Digital assets: Financial products and services, outlining proposals to update Information Sheet 225 Crypto Assets (INFO 225). Our response outlines the benefits of using the ISO 24165 DTI standard for the unambiguous identification of digital assets within any guidance or future technical standards for digital asset issuers or digital asset service providers. See the full response here.

DTI Foundation responds to FCA discussion paper on UK MiFIR improvements

The DTI Foundation and its Product Advisory Committee responded to the Financial Conduct Authority’s discussion paper on improvind the UK transaction reporting regime. We support the use of globally recognised ISO standards, including the ISO 24165 Digital Token Identifier (DTI) standard, within the proposed MiFIR Review improvements. We view the potential inclusion of DTIs for transaction reporting of DLT financial instruments as a significant step towards greater market integrity and transparency. See the full response here.

Meet the Team

DTI Foundation’s new webpage introduces the leadership team working on implementation of the standard. Get to know us here.

Consensus, 14-16 May, Toronto
Digital Assets Week, 20-21 May, New York
City Week, 30 June – 2 July, London
European Blockchain Convention, 16-17 October, Barcelona
Digital Assets Week, 8-9 October, London

10 April: BIS Consultative Group on Innovation and the Digital Economy published its report on leveraging tokenisation for payments and financial transactions.

7 April: Hong Kong SFC announced regulatory guidance to licensed virtual asset trading platforms on their provision of staking services, and to SFC-authorised funds with exposure to virtual assets on their engagement in staking

4 April: US SEC published its statement that certain stablecoins designed to maintain a stable USD value, be redeemable one-for-one with USD, and backed by low-risk, liquid reserves, and marketed for payment and value storage rather than investment, do not constitute securities under federal law.

31 March: Several technical standards and Delegated Acts under MiCA have been published in the EU’s Official Journal, including on information to be exchanged among NCAs, application information for CASPs, sustainability indicators, and on data necessary for the classification of white papers and arrangements to ensure data is machine-readable, among others.

28 March: US CFTC announced the withdrawal of its advisory on crypto clearing risks to ensure that it does not suggest that its regulatory treatment of digital asset derivatives will vary from its treatment of other products. 

28 March: US Federal Deposit Insurance Corporation issued a Financial Institution Letter (FIL-16-2022) titled Notification of Engaging in Crypto-Related Activities, clarifying that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval. 

27 March: MAS launched its consultation on proposed amendments to implement BCBS standards on the prudential treatment and disclosure of cryptoasset exposures.

25 March: US SEC Crypto Task Force announced it will hold four more roundtables to discuss crypto asset regulation.

21 March: The Australian Government published a statement on developing an innovative digital asset industry. The government plans to consult on a draft legislation in 2025.

20 March: US SEC published its statement to providing clarity on the application of the federal securities laws on certain activities on proof-of-work networks known as “mining.”

19 March: HKMA published its research paper on Distributed Ledger Technology in
the Financial Sector: A Study on the Opportunities and Challenges

18 March: HM Treasury and UK Debt Management Office published its policy paper and procurement document to gather information about the potential technology options, the scope of services that may need to be attained, and investor preferences regarding a DIGIT issuance.

18 March: FINMA announced it has licensed the first DLT trading facility. Licensing is governed by the Financial Market Infrastructure Act (FinMIA) and permits the multilateral trading of DLT securities.

14 March: EU Delegated Regulations relating to CASP requirements under MiCA have been published in the Official Journal, including technical standards on the offering of post and pre-trade data to the public, and the content and format of order book records.

13 March: Argentina’s National Securities Commission announced the establishment of its regulations on virtual asset service providers. The regulation will enter force 31 December 2025.

12 March: IOSCO published its work programme for 2025, including the launch of a pilot Crypto and Digital Assets (CDA) Implementation Monitoring initiative, closely cooperating with the FSB.

12 March: H.R. 2032: BITCOIN Act of 2025 Bill was introduced in the US Senate, aiming to establish a Strategic Bitcoin Reserve.

10 March: An updated version of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, legislation to establish a clear regulatory framework for payment stablecoins, was introduced ahead of voting.