Insights
InsightsSubscribe
The Vault
Feb. 22, 2021
New IDs for Digital Assets: FIGIs or ISO-Backed Codes?
FinOps Report
Now that stakeholders in the financial services industry have two choices for identification standards in the digital asset market, they have a question to contend with: Does the industry really need more than one standard?
Nelson Mullins Riley & Scarborough LLP partner and chair of the FinTech and Regulation Practice Richard Levin spoke with FinOps Report on the matter. “So far, the standards for identification codes for financial instruments apply to traditional financial instruments apply to traditional securities and not all digital assets are securities,” he said. The two identification codes are FIGIs issued by cryptodata giant Kaiko and ISO-endorsed codes issued by Etrading Software.
As one of the first lawyers to focus on the regulation of blockchain and digital assets, Levin is considered a thought leader in the FinTech space.
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.
