{"id":281533,"date":"2021-01-21T08:50:15","date_gmt":"2021-01-21T13:50:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=281533"},"modified":"2021-01-21T08:50:15","modified_gmt":"2021-01-21T13:50:15","slug":"ogm-partners-with-kaiko-for-crypto-assets-standardization","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ogm-partners-with-kaiko-for-crypto-assets-standardization","title":{"rendered":"OGM Partners With Kaiko For Crypto Assets Standardization"},"content":{"rendered":"
Object Management Group (OMG) is collaborating with Kaiko for a project that will standardize crypto assets<\/a> in the data market. The partnership also includes Bloomberg, who will be acting as a registered agent for the project. Kaiko will be the certified provider of Financial Instruments Global Identifier (FIGI), as it will issue standard unique identifiers for financial institutions.<\/p>\n The partnership is aimed at streamlining crypto asset management to reduce confusion faced by many financial market data providers. Data standards are utilized by third-party platforms, exchanges<\/a>, and market information providers.<\/p>\n With the high demand for crypto data both by companies and government agencies, the partnership is expected to ensure a more standardized crypto-asset identifier.<\/p>\n Chief executive officer of Kaiko Ambre Soubiran commented on the partnership, by saying it will help solve a need based on a lack of standards in token identifiers.<\/p>\n \u201cEarly in our data collection, we recognized a lack of standards in token identifiers across a multitude of exchanges,\u201d he stated.<\/p>\n <\/a><\/p>\n Soubiran added that the firms want to work together to offer a superior token identification database. He said many of the clients who are consuming the firm\u2019s market data have expressed difficulties they encounter when accessing data when trading on different exchanges.<\/p>\n The firm intends to align with these needs for its API and database management.<\/p>\n Kaiko was founded in 2014, as a provider of blockchain market data. It was set up basically for enterprise-level clients who are looking for both high availability and low-latency accessibility to order books and clean trade data.<\/p>\n In 2019, the firm entered into a seed funding round, raising \u20ac5 million during the round. Major funds came from companies like CoinShares, Point Nine Capital, and Anthemis Group.<\/p>\n However, with this latest collaboration, the firm will cement its place as a pioneer of the crypto data market. As the market grows, one of the major requirements for platform interoperability will be standardization.<\/p>\n The company is well-positioned to lead the chase in that area with series of projects underway.<\/p>\n","protected":false},"excerpt":{"rendered":"Improving standardization in the crypto data market<\/h2>\n
The Crypto data market still a growing industry<\/h2>\n