ANNA’s Dreyer: “The value is in bringing the crypto and regulated systems together”

Stephan Dreyer, managing director of the Association of National Numbering Agencies, talked about the role of the global body in developing a common identifier standard for the emerging class of crypto and digital assets to be issued and traded in regulated exchanges. In this conversation, Stephan Dreyer, managing director of the Association of National Numbering Agencies, talked about the role of the global body in developing a common identifier standard for the emerging class of crypto and digital assets in order to lower the cost and complexity of issuance for all participants in regulated venues. Dreyer explained the different ISO-standard identifiers, including ISIN, the International Securities Identification Number, for most types of financial instruments, and the process involved in allocating the codes. He pointed out that with the evolving regulatory landscape, getting an ISIN is beneficial not only for traditional assets but for crypto and tokenised assets as well. He also highlighted the need for interoperability between the organisations that are responsible for developing and maintaining the different standards. The following key points were discussed: ● The ANNA covers over 200 jurisdictions representing key market infrastructures worldwide. ● There is a need for standards such as ISIN to provide identification for all types of financial instruments. ● Taskforce 22 was created to assess the role of ISIN in identifying digital assets. ● Amending the guidelines to include non-traditional assets is a step forward in widening the purpose of ISIN. ● ISIN can play a role in identifying digital assets such as NFTs. Read the full transcript here: https://bit.ly/3xKz3oT #Isin #Taskforce22 #Fisn #Cfi #Defi #Icos #Ethereum #Bitcoin #Cryptocurrency

Category