Anna, the global body behind the assignment of International Securities Identification Numbers (Isins), has set up a technology taskforce to explore ways of extending its standards to digital asset trading.
The Taskforce has been created to assess the role and scope of Isins in respect to digital asset identification and to provide recommendations on the potential benefits of creating guidelines across all kinds of digital assets, such as asset tokens, payment tokens, utility tokens and hybrid tokens.
Uwe Meyer, executive director & secretariat, Anna, comments: “With digital assets emerging as a new investment class, the availability of quality, standardised reference data will serve as the foundation for a trusted token market. We hope that this Taskforce will ensure that we continue to utilise the Isin standard wherever we can be sure it will be of most use to the industry. This evaluation process on digital assets is an important part of that journey.”
Manuel Alonso, convenor of the Taskforce, believes issuers of digital tokens are in urgent need of trusted, machine-readable, ISO identifiers and related standards.
“Potential institutional participants in the digital token ecosystem will need accurate, reliable, quality data attributes to make appropriate investment and trading decisions; much like participants in traditional financial markets have today," he says. "We have set up the Technology Taskforce to assess the role that Isinss may take to help this process.”