Recently, SMQKE highlighted a document emphasizing crucial aspects of the Digital Token Identifier (DTI) and its significance for institutional adoption. XRP's features make it unique in this regard.
What DTI Means and How It Works
DTI, defined under ISO 24165, is a unique, fixed-length identifier issued to digital tokens. Its purpose is to provide a standardized reference for tokens across registries, exchanges, and regulatory systems.
However, it is important to note that having a DTI does not imply reliability or actual value of the token. It serves more like a birth certificate, proof of existence but not proof of trustworthiness.
XRP's Formal Recognition in Global Registries
XRP has formal DTI recognition and is listed in recognized registries used by regulators and financial institutions. This gives XRP a significant edge over tokens that lack standardized recognition in regulated markets.
Comparing DTI and ISO 20022 Standards
Another common misconception is equating a DTI with ISO 20022 compliance. While the DTI is about identification, ISO 20022 is a financial messaging standard that enables richer, structured data exchange across banking systems. XRP has long built its solutions around ISO 20022, boosting its compatibility with banking infrastructure.
SMQKE's observation underscores XRP's unique position, as it possesses a DTI along with compliance, registry validation, and institutional involvement. This places XRP ahead of other digital assets still trying to achieve similar status.
