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Crypto’s Path to Wall Street Could Get Easier With New Plumbing

The Financial Information eXchange Protocol (FIX), a common language used by modern trading systems to communicate with each other, has adopted the Digital Token Identifier (DTI) ISO standard to provide greater support for cryptocurrencies and other digital assets. Standardized ID codes are already used for traditional financial instruments, making it easier to find and trade them. The emergence of DTI is expected to make crypto more palatable for traditional finance. DTI can be used by regulators to monitor digital trades for anti-money laundering and monitoring risk in trading. Over 1,300 DTIs have already been issued, including private ledgers and tokenized assets. (Coindesk)

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