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 responds to Qatar consultation on proposed digital assets regulatory framework

 

The DTIF responded to the Qatar Financial Centre (QFC) Regulatory Authority and the QFC Authority’s consultation paper on a proposed digital assets regulatory rules framework.

 

See the full response here.

 

DTIF responds to ESMA consultation on MiCA technical standards

 

The DTIF and its Product Advisory Committee responded to ESMA’s second consultation package on technical standards under the Markets in Crypto Assets Regulation (MiCA). Importantly, ESMA has proposed the use of the ISO 24165 Digital Token Identifier (DTI) for crypto-asset identification under technical standards for white papers, trade transparency, order book and record-keeping obligations.

 

See the full response here.

 

DTIF responds to Australian Treasury consultation on regulating digital asset platforms

 
The DTIF responded to the Australian Treasury’s consultation on regulating digital asset platforms to introduce a regulatory framework to address consumer harms in the crypto ecosystem while supporting innovation.
 
See the full response here.

 

DTI Registry now displays crypto risk metrics score

 

The DTIF announced an agreement with DLC Distributed Ledger Consulting to display a ‘Crypto Risk Metrics Score’ on Digital Token Identifiers (DTIs) for the most commonly traded tokens. The Metric Score, combined with the DTI standard, aims to bring further transparency to the digital assets and crypto market.

 

See the press release here.

 

DTIF joins FCA Digital Sandbox as data provider

 

The DTIF has joined the UK Financial Conduct Authority’s (FCA) Digital Sandbox. The DTIF has been onboarded as a data supplier, and Denis Dounaev, Digital Token Identifier (DTI) Product Owner, is also recognised as a mentor under the Digital Sandbox Programme.

 

See the full press release here.

 

Integration and Adoption Update: 21 Analytics

 

Crypto compliance technology firm 21 Analytics announced its adoption of the ISO 24165 DTI standard for over 1,800 digital tokens. See the DTIF page tracking public announcements of DTI Integration and Adoption here.

 

DTI Foundation resources

 

January DTI statistics

 

The total number of DTIs assigned is 1,946, a 7.9% increase from end-November 2023. Breakdown of DTIs:

 

  • 1,700 Auxiliary digital tokens
  • 139 Native digital tokens & ledgers
  • 107 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 Infoline’s Trade & Transaction Reporting Summit. Join DTI Foundation’s Denis Dounaev and ANNA’s Stephan Dreyer to discuss Asset and Token Identification while exploring the implications of MiCA. Don’t miss this opportunity to expand your knowledge and network with industry leaders. See further details in the link below.

 

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

 

Relevant news and publications

 

16 January 2024: EBA announced the extension of its guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs).

 

11 January 2024: BIS Innovation Hub, Swiss National Bank and World Bank announced the launch of Project Promissa to test the tokenisation of financial instruments.

 

10 January 2024: US SEC approved the listing and trading of spot Bitcoin exchange-traded product shares. See also SEC Chair statement.

 

5 January 2024: CFTC Technology Advisory Committee published its report on decentralised finance (DeFi).

 

27 December 2023: FSTB and HKMA jointly issued a public consultation to gather views on the legislative proposal to regulate issuers of stablecoin. The deadline for comments is 29 February 2024.

 

22 December 2023: SFC and HKMA published a joint circular on intermediaries’ virtual asset-related activities.

 

22 December 2023: EBA published its public consultation on two sets of Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures. The second set of guidelines is targeted towards payment service providers (PSPs) and crypto-asset service providers (CASPs).

 

20 December 2023: UK Government has confirmed its final approach to implementing the Digital Securities Sandbox (DSS), which will facilitate the use of digital assets in financial markets. The Statutory Instrument setting up the DSS was laid on 18 December.

 

20 December 2023: FINMA published its guidance on staking services. FINMA’s guidance is intended to enhance transparency about the treatment of staking services under financial market law. 

 

19 December 2023: IOSCO published its final report with policy recommendations for decentralised finance (DeFi). Among other changes following its consultation, IOSCO expanded its recommendations for regulators to acknowledge the importance of addressing data gaps and challenges, and to apply appropriate recordkeeping and reporting requirements to enhance investor and market protections.

 

18 December 2023: Securities and Markets Stakeholder Group (SMSG) published its advice to ESMA on its second consultation paper on Technical standards specifying certain requirements of the Markets in Crypto Assets (MiCA) Regulation.

 

14 December 2023: BCBS published its consultation on targeted adjustment to its standard on banks’ exposures to cryptoassets. Comments on the proposed adjustments are requested by 28 March 2024.

 

11 December 2023: EBA, EIOPA and ESMA announced the publication of a joint-ESA report recommending steps to improve the activities of innovation facilitators across the European Economic Area.

 

11 December 2023: South Korea’s FSC announced the proposal of rules on the protection of virtual asset users, which is scheduled to take effect on July 19, 2024. 

 

7 December 2023: EBA published its consultation paper on draft technical standards specifying the requirements for policies and procedures on conflicts of interest for issuers of ARTs under the Markets in Crypto-Assets Regulation.

 

7 December 2023: Basel Committee on Banking Supervision announced its agreement to consult on targeted revisions to standards on cryptoasset and interest rate risk in the banking book and to take steps to address window-dressing in relation to the G-SIB framework. 

 

6 December 2023: Bank of England published its financial stability report, which includes a section on the developments in cryptoasset markets.

 

About the DTIF

 

The Digital Token Identifier Foundation (DTIF) 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 DTIF’s mission is to provide the golden source reference data for the unique identification of digital tokens. As its mandate, the DTIF 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 Foundation (DTIF) 2023. 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, DTIF does not represent or warrant that it is accurate or complete and neither DTIF nor its employees shall have any liability arising from or relating to the use of this publication or its contents.