Today the Digital Token Identifier Foundation launched its registry that provides unique identifiers, Digital Token Identifiers (DTIs), for native digital assets according to the ISO 24165 standard that’s expected to be published in Q3 2021.
Institutions are accustomed to using unique identifiers in other financial sectors such as securities (ISINs) and OTC derivatives (UPIs). This sort of reference data is used for price discovery, trading, custody and post-trade operations, including accounting. In other words, BTC and USDC don’t quite cut it. Their DTIs are 4H95J0R2X and CK9PW1MFH, respectively. And there will be a separate identifier for USDC on each different blockchain network.
Etrading Software, the company operating the DTI registry, also provides ISINs for OTC derivatives and is working on UPIs. It was nominated by the ISO working group as the Registration Authority and has been approved by the International Standards Organization (ISO).
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