21X implements ISO DTI standard
10 April 2025 Germany
Image: stock.adobe.com/Sergii Figurnyi
DLT trading and settlement system 21X has agreed with the Digital Token Identifier Foundation (DTIF) to implement the ISO 24165 standard.
This standard will apply for the issuance and maintenance of digital token identifiers (DTIs) at listing and, the firm says, will enhance transparency and regulatory compliance within the digital asset space.
Max Heinzle, CEO of 21X, says: “We encourage open standards, and ISO 24165 offers transparency and regulatory clarity in the digital asset market.
“The DTI allows us to have a unique identifier for all tokens on 21X, both on the asset side with tokenised financial instruments and on the cash side with stablecoins.”
The ISO 24165 standard provides a unique nine-character alphanumeric code and associated data record for all fungible digital assets using DLT.
The standard aims to support critical functions such as token issuance, storage, exchange, ownership recording, and transaction validation.
Sassan Danesh, CEO of DTIF, states: “We are excited to see continued DTI implementation from innovative businesses such as 21X.
“This announcement underscores the growing recognition of DTI as a vital tool for enhancing transparency and regulatory oversight in the digital asset space.”
This standard will apply for the issuance and maintenance of digital token identifiers (DTIs) at listing and, the firm says, will enhance transparency and regulatory compliance within the digital asset space.
Max Heinzle, CEO of 21X, says: “We encourage open standards, and ISO 24165 offers transparency and regulatory clarity in the digital asset market.
“The DTI allows us to have a unique identifier for all tokens on 21X, both on the asset side with tokenised financial instruments and on the cash side with stablecoins.”
The ISO 24165 standard provides a unique nine-character alphanumeric code and associated data record for all fungible digital assets using DLT.
The standard aims to support critical functions such as token issuance, storage, exchange, ownership recording, and transaction validation.
Sassan Danesh, CEO of DTIF, states: “We are excited to see continued DTI implementation from innovative businesses such as 21X.
“This announcement underscores the growing recognition of DTI as a vital tool for enhancing transparency and regulatory oversight in the digital asset space.”
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