Use of FIGI® (Financial Instruments Global Identifier)® for Crypto Assets - ERP Spain.com - España y América Latina

FIGI® (Financial Instruments Global Identifier)® is an open standard for the issuance of unique identifiers that can be assigned to financial instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products. Many market information providers, securities exchanges and third-party applications have adopted the FIGI in their market data feeds. Doing so allows their customers to have a coherent view of market data across multiple providers and applications, so that customers are not obligated to build their own mapping systems to match up disparate instrument identifiers. Crypto FIGIs With the continuing growth in the creation, use, and trade of digital assets, there is a need to bring greater standardization to the sector. FIGIs for crypto assets will enable interoperability, transparency, and greater efficiency between industry participants such as digital asset exchanges, data aggregators, custodians of digital assets, service providers, and regulators. Importantly, the FIGI standard will be compatible with and complement alternative standards. Each instrument assigned a FIGI may also be tied to an International Securities Identification Number (ISIN) or other identifiers, such as ISO’s future Digital Transaction Identifier (“DTI”).