We are delighted to announce that the ANNA and Digital Token Identifier Foundation partnership has won the ‘Most Innovative Data Standards Initiative' at the 2024 A-Team Innovation Awards.
These awards recognise innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets, with a specific focus on Data Management, Trading Technology, ESG and RegTech suppliers.
Having standardised identification data that seamlessly integrates digital assets with traditional financial systems is key as the digital asset market grows.
To address this challenge, the ANNA/DTI Foundation partnership was launched in October 2023 to facilitate the introduction of innovative new International Identification Securities Numbers (ISIN) to identify crypto assets.
ANNA’s new XT ISIN and the DTI Foundation’s DTI are two complementary, interoperable identifiers, with different functions but intrinsically linked, working together to bring more transparency to the market. Where the ISIN identifies the asset, the digital token identifier (DTI) identifies the implementation of the token on a distributed ledger technology. This standard identifier integration will reduce complexity and cost, and provide greater transparency and interoperability for the market.
Stephan Dreyer, ANNA MD, said: “We are very excited to win this award for our collaboration with the DTI Foundation. The ISIN has been used for over forty years as a globally adopted, common language of financial instruments. This initiative further extends our work to foster global standardisation and ensure that ISINs remain fit for purpose and interoperable with the emerging digital asset class within financial markets.”
Denis Dounaev, DTI Foundation Product Owner, said: “Winning this award with ANNA is a strong validation of our products. Our innovative solution helps to overcome several key barriers to growth in the digital asset ecosystem: consistency in identifying digital tokens, linking them to DLTs they are implemented on, and tying them to the underlying assets. By bridging our global ISO standards - the ISIN and DTI - transparency in the digital asset market is elevated, paving the way for enhanced trust and efficiency”
For information about ANNA, its members and activities, please visit anna-web.org
For more information about DTI Foundation, please visit the website: www.dtif.org
