Standardization is essential to enable crypto adoption
From Cointelegraph
April 18, 2025 11:00 am:
Traditional financial markets have established standards for information flow, but decentralized finance (DeFi) lacks such standards, hindering adoption. Independent platforms like CoinMarketCap offer data on digital assets, but standardization efforts are needed. Digital assets require global standards, like ISINs for traditional assets, to build trust and facilitate growth. National Numbering Agencies assign ISINs and other identifiers to financial instruments, promoting transparency and compliance. The Digital Token Identifier Foundation allocates Digital Token Identifiers for token-level identification. Standardization of digital assets will drive interoperability and enhance transparency and compliance, paving the way for broader adoption in the financial industry.
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