對分散融資（DEFI）市場中標準化數據的需求

傳統股票，債券和商品市場長期以來一直從涵蓋信息和數據流的良好標準中受益。

Traditional stocks, bonds and commodities markets have long benefited from well-established standards governing the flow of information and data. These standards underpin the seamless functioning of trading, settlement and regulatory compliance, ensuring all participants can rely on the same consistent frameworks.

傳統股票，債券和商品市場長期以來一直從涵蓋信息和數據流的良好標準中受益。這些標準是交易，和解和監管合規性的無縫功能，確保所有參與者都可以依靠相同的一致框架。

As the financial industry moves into decentralized finance (DeFi) with the introduction of digital assets, like crypto assets and tokenized securities, the lack of such standards presents a growing challenge.

隨著金融業通過引入加密資產和代幣化證券等數字資產的推出，該金融行業進入了分散的財務（DEFI），因此缺乏此類標準提出了日益嚴重的挑戰。

While digital assets promise transformative potential, their fragmented information landscape risks undermining their adoption and integration into the broader financial ecosystem.

儘管數字資產有望變革性的潛力，但其零散的信息景觀風險破壞了它們的採用和整合到更廣泛的金融生態系統中。

Independent platforms like CoinMarketCap or CoinGecko provide information on various tokens, but this data varies significantly regarding market capitalization, total supply and other relevant reference data. Several global initiatives by private foundations and associations are working toward standardization.

諸如CoinMarketCap或Coingecko之類的獨立平台提供了有關各種令牌的信息，但是此數據在市值，總供應和其他相關參考數據方面有很大差異。私人基金會和協會的幾項全球舉措正在努力實現標準化。

Traditional frameworks as a guideline

傳統框架作為指南

Just as standardized financial data has been instrumental in building trust and facilitating growth, digital assets need their global standards. According to studies, standards generate overall economic benefits estimated at 17 billion euros annually in Germany alone.

正如標準化的財務數據在建立信任和促進增長方面起著重要作用一樣，數字資產也需要其全球標準。根據研究，僅在德國，標準每年估計每年170億歐元的總體經濟利益。

For traditional assets, a clear hierarchy of the International Organization for Standardization (ISO) exists to unambiguously categorize and identify each asset. The International Securities Identification Number (ISIN) is the global standard for uniquely identifying all types of financial instruments, including equities, debt, derivatives and indexes. The Certification of Financial Instruments (CFI) is the internationally recognized system for classifying financial instruments. It is defined when a financial or reference instrument is issued and remains unchanged. The Financial Instrument Short Name (FISN) outlines a standardized approach to short names and descriptions for financial instruments. Unlike ISIN and CFI, the FISN is not intended to be machine-readable but to provide a short format for key information about security for human use.

對於傳統資產，存在明確的標準化組織（ISO）的明確層次結構，以明確地對每個資產進行歸類和識別。國際證券識別編號（ISIN）是全球標準的標準，用於識別所有類型的金融工具，包括股票，債務，衍生品和指數。金融工具認證（CFI）是用於對金融工具進行分類的國際認可的系統。當發行財務或參考文書並保持不變時，它將定義。金融儀器賣空名稱（FISN）概述了用於金融工具的簡稱和描述的標準化方法。與Isin和CFI不同，FISN並不是要進行機器可讀，而是為有關人類使用安全性的關鍵信息提供簡短的格式。

National Numbering Agencies (NNA), responsible for collecting registration data such as issuer information, instrument types, terms and trading conditions, assign ISIN, CFI and FISN. The Association of National Numbering Agencies maintains the identifiers and data in a global database. For countries that do not have an NNA, four global Substitute Numbering Agencies assign identification to those countries.

國家編號機構（NNA），負責收集註冊數據，例如發行人信息，儀器類型，條款和交易條件，分配ISIN，CFI和FISN。國家編號機構協會在全球數據庫中維護標識符和數據。對於沒有NNA的國家，四個全球替代編號機構為這些國家分配了身份。

Recent: DePIN needs a more cohesive narrative for mass adoption

最近：Depin需要一個更具凝聚力的敘述來採用大規模

ISINs are allocated to financial instruments regardless of the technology used for creating the respective instruments, both in paper form and electronic form, thereby including tokenized instruments such as crypto securities according to the German Electronic Securities Act. For tokens with an apparent geographical reference, such as the issuer of a security token residing in Germany, the responsible NNA will allocate the ISIN. Regarding tokens for referential instruments without an apparent geographical reference — e.g., Bitcoin (BTC), where the issuer’s country cannot be identified — an ISIN with the prefix “XT” is allocated from Etrading Software.

ISIN均分配給金融工具，無論根據《德國電子證券法》（Derman Electronic Securities Act），包括紙質形式和電子形式的技術用於創建各自的工具的技術，包括加密貨幣證券。對於具有明顯地理參考的令牌，例如居住在德國的安全令牌的發行人，負責的NNA將分配ISIN。關於沒有明顯地理參考的參考工具的代幣 - 例如，發行人的國家 /地區的比特幣（BTC） - 一個帶有前綴“ XT”的ISIN是從Etrading軟件中分配的。

This helps to identify the instrument on the token level. More exemplary data fields on the token level are the type of token, hash function and generation mechanism. Focused on the instrument level, additional data elements like the token’s blockchain are needed.

這有助於在令牌級別上識別儀器。令牌級別上的示例性數據字段是令牌，哈希功能和生成機制的類型。專注於儀器級別，需要其他數據元素，例如令牌的區塊鏈。

For this purpose, the Digital Token Identifier Foundation, which is responsible for allocating this new identifier, provides the so-called Digital Token Identifier — e.g. DTI, ISO 24165.

為此，負責分配此新標識符的數字令牌標識符基金會提供了所謂的數字令牌標識符 - 例如DTI，ISO 24165。

Key working theses regarding the standardization of digital assets

有關數字資產標準化的關鍵工作論文

Crypto identifiers could become mandatory. Similar to traditional assets using systems like ISINs, digital assets will adopt unique identifiers for cryptocurrencies and tokenized securities. These identifiers will facilitate tracking, trading and reporting across exchanges and custody providers, enabling seamless integration with legacy financial systems.

加密標識符可能會成為強制性。與使用ISIN等系統類似的傳統資產類似，數字資產將對加密貨幣和標記證券採用唯一的標識符。這些標識符將促進跨交易所和監護提供商的跟踪，交易和報告，從而使其與傳統金融系統無縫集成。

Data standards will enhance transparency and compliance: With increasing regulatory scrutiny, standardized data formats will emerge for compliance and risk management.

數據標準將提高透明度和依從性：隨著監管審查的增加，標準化數據格式將出現以進行合規性和風險管理。

Global coordination will drive interoperability: The standardization of digital assets will rely on global collaboration among regulatory bodies and financial institutions. International organizations will play pivotal roles in creating frameworks that ensure interoperability across jurisdictions and reduce market fragmentation and, thus, inconsistencies in information handling.

全球協調將推動互操作性：數字資產的標準化將依賴於監管機構和金融機構之間的全球合作。國際組織將在創建框架中發揮關鍵作用，以確保司法管轄區之間的互操作性並減少市場破碎化，從而在信息處理中不一致。

Initial steps have been taken toward unambiguously identifying digital assets with generally accepted ISO identifiers. Combined with a European Union-wide regulation such as the regulation on Markets in Crypto-Assets (MiCA), the industry lays the foundation for more significant adoption.

已經採取了最初的步驟，以明確地識別具有普遍接受的ISO標識符的數字資產。結合歐盟範圍內的法規，例如對加密資產市場（MICA）的市場法規，為更重要的採用奠定了基礎。

It remains to be seen how investors and the digital assets player will further progress toward more standardization and what roadblocks may arise to be solved.

投資者和數字資產參與者將如何進一步朝著更大的標準化以及可以解決哪些障礙。

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文是出於一般信息目的，不打算被視為法律或投資建議。這裡表達的觀點，思想和觀點是作者獨自一人，不一定反映或代表Cointelegraph的觀點和觀點。