SIX Digital Exchange (SDX) has become the first in the industry to fully adopt the Digital Token Identifier (DTI) ISO standard 24165. The firm states in a press release that it uses DTIs to identify cryptocurrencies and digital securities, and is expecting the latter function to become “even more critical” as it starts to explore the issuance and administration of digital securities on private and public blockchains.
SDX offers atomic settlement, where digital asset trading, settlement, and custody take place synchronously. A seamless workflow that doesn’t compromise on security is thus important to its operations.
DTI is a unique identifier for digital ledgers, tokens, and cryptocurrencies that allows regulators to monitor digital asset trades, compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) requirements, and digital asset risks. It is recommended by the European Securities and Markets Authority (ESMA) as a risk mitigation measure under the European Union’s DLT Pilot programme.