About a-team Marketing Services

A-Team Insight Blogs

DTIF Partners DLC Distributed Ledger Consulting to Add Crypto Risk Metrics to Digital Token Identifiers

Subscribe to our newsletter

The Digital Token Identifier Foundation (DTIF), created by Etrading Software to provide ISO standard identifiers for digital assets based on open data principles, has reached agreement with DLC Distributed Ledger Consulting to display a crypto risk metrics score on Digital Token Identifiers (DTIs) for commonly traded tokens. The metric score, combined with the DTI standard, aims to bring further transparency to the digital assets and crypto market.

Crypto Risk Metrics is a Software-as-a-Service tool developed by Hamburg, Germany based DLC. The consultancy says it is the first tool certified to the IDW PS 951 standard of the Institute of Public Auditors in Germany for risk management of digital assets such as Bitcoin, Ether and numerous other tokens. The tool also includes surveillance systems for tokenised securities and has been running and audited since 2021.

Where the DTI uniquely identifies the implementation of the token on distributed ledger technology (DLT), the newly attached risk metric score – which will be provided free to all DTIF registry users – will be determined from a variety of different data points and will take into account regulatory requirements from national, international and European organisations, as well as regulatory authorities.

Denis Dounaev, product owner of the DTIF at Etrading, says: “Digital asset markets exhibit new risks that do not exist in traditional financial markets and require a novel approach which DLC provides. With this partnership, we are expanding the registry beyond offering a unique identifier based on an ISO standard to a set of tools to empower users to make more informed decisions in the evolving digital landscape.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to ensure employees meet fit and proper requirements under global accountability regimes

Date: 17 September 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Fitness and proprietary requirements for employees of financial institutions are not an option, but a regulatory obligation that calls on employers to regularly assess employees’ honesty, integrity and reputation, competence and capability, and financial soundness. In the UK, these...

BLOG

Global Screening Services Raises $47 Million, Moves into Operational Phase

Global Screening Services (GSS), a provider of transaction screening, has completed a Series A2 funding round raising over $47 million (£37 million). The investment will support the London-based company’s transition from a development to operational phase as its cloud-native platform prepares to go live with inaugural clients. Originally incubated by AlixPartners, GSS tackles the complexity...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...