FRANKFURT, 7 April, 2025: 21X – the first licensed DLT trading and settlement system (DLT TSS) in Europe – today announced a landmark agreement with the Digital Token Identifier Foundation (DTIF) Registration Authority to implement the ISO 24165 standard for the issuance and maintenance of digital token identifiers (DTIs) at listing. This collaboration marks a significant step in enhanced transparency and regulatory compliance within the digital asset space.
The ISO 24165 standard, administered by the DTIF, provides a unique nine-character alphanumeric code and associated data record for all fungible digital assets utilizing distributed ledger technology (DLT). This standard for tokenized assets supports critical functions such as token issuance, storage, exchange, ownership recording, and transaction validation, empowering both regulators and market participants with enhanced risk management capabilities.
The adoption of the DTI standard is gaining momentum within the financial industry, driven by its ability to provide a consistent and reliable means of identifying digital assets. Regulators are increasingly leveraging DTIs to enhance transparency and facilitate regulatory reporting, as well as to mitigate risks associated with global stablecoins and other digital assets.
21X’s application of the DTI aligns the company’s digital asset identification strategy with recent regulatory developments, including the European Securities and Markets Authority (ESMA) recommendations. Notably, in October 2024, ESMA launched a consultation on transaction reporting and order book data under the Markets in Financial Instruments Regulation (MiFIR) Review, proposing the use of DTI, alongside ISIN, for all DLT financial instruments. This follows ESMA’s assessment of MiFIR regulatory technical standard amendments in its report on the DLT Pilot Regime, and the mandated use of DTI for non-financial instruments under Markets in Crypto-Assets (MiCA) regulation.
Max Heinzle, CEO of 21X, said:
“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 tokenized financial instruments and on the cash side with stablecoins. Ultimately, this will foster a more secure and efficient digital asset ecosystem as we go to market.”
Sassan Danesh, CEO of DTIF, stated:
“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.”
The implementation of the ISO 24165 standard by 21X will provide issuers and asset managers with a robust framework for managing their tokenized assets, ensuring compliance with evolving regulatory requirements and enhancing investor confidence.
About 21X
21X is a Frankfurt-based financial institution at the forefront of revolutionizing capital markets through the use of blockchain technology. In December 2024, 21X secured a license to operate its groundbreaking distributed ledger technology trading and settlement system (DLT TSS) a milestone that places the company as a leader in the transition to digital finance. The company is ideally positioned to enable smart contract-based issuance, trading and settlement of tokenized stocks, bonds and funds.
See the short explainer video on 21X and our blockchain-based exchange here
For more information on 21X, contact:
Richie MacTaggart, head of PR & marketing
Mail: press@21X.eu
Mob: +44 7828173419
Web: https://www.21x.eu/
LinkedIn: https://www.linkedin.com/company/21x/
About DTIF
The Digital Token Identifier Foundation (DTIF) is the Registration Authority for the ISO 24165 Digital Token Identifier (DTI) standard. DTI Foundation’s mission is to provide the golden source reference data for the unique identification of crypto assets. DTIF issues and maintains DTIs on a non-profit basis, to increase transparency in the digital asset space by creating a core reference data set based on open data principles and made available as a public good.
Mail: secretariat@dtif.org
Web: https://dtif.org/
LinkedIn: https://www.linkedin.com/company/dti-foundation
