Share page with AddThis


ESMA recommends DTI codes for digital asset reporting

esma, dtiEurope’s securities regulator, the European Securities and Markets Authority (ESMA), has called for the use of standardised digital token identifiers (DTI) for its DLT Pilot regulatory regime.

The pilot, due to go live on March 23, is designed to extend the EU’s MiFIR regime to include digital and tokenised assets.

The DTIs are designed to provide ISO-based standardisation for these assets and assist market participants and regulators to unambiguously identify the assets.

It is a similar concept to the use of Legal Entity identifiers that were introduced in the wake of the 2008 financial crisis to identify trading entities.

A task force was set up in June 2021 with the aim of aligning the DTI with established International Securities Identification Numbers used for listed securities.

The issuance of DTI codes is managed by tech vendor Etrading Software and ESMA’s endorsement has been welcomed by the company.

“We are proud to operate this critical market infrastructure on behalf of ISO,” said Sassan Danesh, CEO of Etrading Software.

“Our mission is to increase market stability, transparency and efficiency in the digital asset space and we will continue to work with public authorities and industry to provide this vital service to the benefit of all stakeholders.”

© 2023 fundsTech

Most read features

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Tokenisation: The incredible potential of tokenisation

Tokenisation offers a new generation of investors access to a wide range of asset classes. But a lack of analysts is one reason why the market may not be ready for the possibilities, finds Nicholas Pratt.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Cryptocurrencies: Crypto funds face long wait for regulatory approval

While crypto currencies forge onwards, access for investors who prefer to invest through regulated vehicles remains muted. A wait-and-see stance by regulators lies at the centre of this, finds Nicholas Pratt.

Managing the impact of ESG reporting

A rise in ESG reporting requirements is impacting asset managers in every conceivable way. The solution, discovers Nicholas Pratt, is to use all of this newly found data to form a closer relationship with the next generation of investors.

Sponsored Profiles

The importance of trust when building successful client-vendor teams

Petra Roche and Anna Kanior-FlorekFundTech speaks to Metrosoft’s Petra Roche and Anna Kanior-Florek about cross-organisational relationships and why mutual trust...

The digitally connected Global Transfer Agent

Anand Ramachandran, Vice President, Global Head of Solutions, Richard Clarkson, Head of Solutions, Funds and Swapnil Joshi, Senior Strategy Manager from Oracle Financial Services Global...

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...