对分散融资（DEFI）市场中标准化数据的需求

传统股票，债券和商品市场长期以来一直从涵盖信息和数据流的良好标准中受益。

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.

传统股票，债券和商品市场长期以来一直从涵盖信息和数据流的良好标准中受益。这些标准是交易，和解和监管合规性的无缝功能，确保所有参与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.

随着金融业通过引入加密资产和代币化证券等数字资产的推出，该金融行业进入了分散的财务（DEFI），因此缺乏此类标准提出了日益严重的挑战。

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

尽管数字资产有望变革性的潜力，但其零散的信息景观风险破坏了它们的采用和整合到更广泛的金融生态系统中。

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.

诸如CoinMarketCap或Coingecko之类的独立平台提供了有关各种令牌的信息，但是此数据在市值，总供应和其他相关参考数据方面有很大差异。私人基金会和协会的几项全球举措正在努力实现标准化。

Traditional frameworks as a guideline

传统框架作为指南

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.

正如标准化的财务数据在建立信任和促进增长方面起着重要作用一样，数字资产也需要其全球标准。根据研究，仅在德国，标准每年估计每年170亿欧元的总体经济利益。

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.

对于传统资产，存在明确的标准化组织（ISO）的明确层次结构，以明确地对每个资产进行归类和识别。国际证券识别编号（ISIN）是全球标准的标准，用于识别所有类型的金融工具，包括股票，债务，衍生品和指数。金融工具认证（CFI）是用于对金融工具进行分类的国际认可的系统。当发行财务或参考文书并保持不变时，它将定义。金融仪器卖空名称（FISN）概述了用于金融工具的简称和描述的标准化方法。与Isin和CFI不同，FISN并不是要进行机器可读，而是为有关人类使用安全性的关键信息提供简短的格式。

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.

国家编号机构（NNA），负责收集注册数据，例如发行人信息，仪器类型，条款和交易条件，分配ISIN，CFI和FISN。国家编号机构协会在全球数据库中维护标识符和数据。对于没有NNA的国家，四个全球替代编号机构为这些国家分配了身份。

Recent: DePIN needs a more cohesive narrative for mass adoption

最近：Depin需要一个更具凝聚力的叙述来采用大规模

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均分配给金融工具，无论根据《德国电子证券法》（Derman Electronic Securities Act），包括纸质形式和电子形式的技术用于创建各自的工具的技术，包括加密货币证券。对于具有明显地理参考的令牌，例如居住在德国的安全令牌的发行人，负责的NNA将分配ISIN。关于没有明显地理参考的参考工具的代币 - 例如，发行人的国家 /地区的比特币（BTC） - 一个带有前缀“ XT”的ISIN是从Etrading软件中分配的。

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.

这有助于在令牌级别上识别仪器。令牌级别上的示例性数据字段是令牌，哈希功能和生成机制的类型。专注于仪器级别，需要其他数据元素，例如令牌的区块链。

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.

为此，负责分配此新标识符的数字令牌标识符基金会提供了所谓的数字令牌标识符 - 例如DTI，ISO 24165。

Key working theses regarding the standardization of digital assets

有关数字资产标准化的关键工作论文

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.

加密标识符可能会成为强制性。与使用ISIN等系统类似的传统资产类似，数字资产将对加密货币和标记证券采用唯一的标识符。这些标识符将促进跨交易所和监护提供商的跟踪，交易和报告，从而使其与传统金融系统无缝集成。

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

数据标准将提高透明度和依从性：随着监管审查的增加，标准化数据格式将出现以进行合规性和风险管理。

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.

全球协调将推动互操作性：数字资产的标准化将依赖于监管机构和金融机构之间的全球合作。国际组织将在创建框架中发挥关键作用，以确保司法管辖区之间的互操作性并减少市场破碎化，从而在信息处理中不一致。

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.

已经采取了最初的步骤，以明确地识别具有普遍接受的ISO标识符的数字资产。结合欧盟范围内的法规，例如对加密资产市场（MICA）的市场法规，为更重要的采用奠定了基础。

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.

投资者和数字资产参与者将如何进一步朝着更大的标准化以及可以解决哪些障碍。

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.

本文是出于一般信息目的，不打算被视为法律或投资建议。这里表达的观点，思想和观点是作者独自一人，不一定反映或代表Cointelegraph的观点和观点。