ESG Data for Cryptocurrencies and Digital Assets Now Live in the DTI Database

- DTI Foundation expands data offering with ESG data from Crypto Risk Metrics, a brand of DLC Distributed Ledger Consulting GmbH
- By creating a “single source of truth” for ESG data for cryptocurrencies and digital assets, inconsistent reporting by different players on the same cryptocurrencies can be avoided
- ESMA calls for collaboration between crypto-asset service providers to minimize costs due to lot size effects and avoid friction in reporting
Unified ESG Data for Crypto Assets
London, August 1st, 2024. Following the signing of a Memorandum of Understanding earlier this year, the Digital Token Identifier (DTI) Foundation and Crypto Risk Metrics (CRM) are pleased to announce the implementation of ESG-related data in the DTI database. This collaboration will help future crypto-asset service providers comply with the new ESG disclosure requirements under the EU Markets in Crypto-Assets Regulation (MiCA) by providing a single source of truth for ESG data.
The Digital Token Identifier Foundation, a nonprofit division of Etrading Software Limited, is the registration body for the International Organization for Standardization (ISO) 24165 Digital Token Identifier standard, an ISO standard that enables the unique identification of all fungible digital assets. The European Securities and Markets Authority (ESMA) has made the use of DTIs mandatory under the Markets in Crypto-Assets Regulation (MiCAR).
An important requirement under MiCAR is the disclosure of sustainability indicators by issuers of crypto-assets and service providers, so-called crypto-asset service providers. These requirements aim to capture negative impacts on the climate and other environmental factors and to describe the key energy indicators of crypto assets.
MiCAR Requirements and Sustainability Reporting
By combining the “golden source” for the unique identification of digital tokens with a leading provider of crypto ESG data, regulated crypto-asset issuers and service providers can now comply with the regulations with minimal effort.
“The addition of ESG data to our DTI database addresses a relevant market and we have already received the first requests before the offering was even officially launched,” said Rowan Varrall, Associate Director at the DTI Foundation. “This collaboration will add significant value to our users and help them to efficiently comply with MiCAR sustainability reporting requirements.”
Tim Zölitz, CRO at Crypto Risk Metrics, adds: “Our joint efforts will provide crypto asset issuers and service providers with greater transparency and compliance in the evolving regulatory landscape. And of course, we are pleased that the choice of the DTI Foundation was in our favor due to its robust internal compliance framework and data quality.”
About the DTI Foundation
The Digital Token Identifier (DTI) Foundation is a non-profit division of Etrading Software (ETS), a global regulatory data provider with a focus on solving market-wide problems by building market infrastructures for the new digital economy. DTI Foundation’s mission is to provide the golden source reference data for the unique identification of digital tokens based on ISO’s new standard for digital assets, ISO 24165. The DTI Foundation has already issued ISO identification codes for over two thousand of the most commonly traded digital assets, with more codes being added each day. All commonly traded digital assets can be assigned ISO-standard DTI codes.
For more information, please visit www.dtif.org.
Source: Press release Crypto Risk Metrics.
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