Sep. 24, 2024
EVIDENT, a licensed investment platform for alternative assets utilizing blockchain technology, fully supports the implementation of open data standards under the Financial Data Transparency Act (FDTA). We believe that adopting globally recognized standards like the Financial Instrument Global Identifier (FIGI) and the Legal Entity Identifier (LEI - ISO 17442) is critical for improving transparency, efficiency, and interoperability across financial markets. These standards not only enhance the integrity of data reporting but also promote global consistency, particularly as the financial landscape evolves with the rise of digital assets and tokenization. The integration of FIGI and LEI will drive positive developments in the alternative investment space, creating a more streamlined and secure framework for investors and regulators alike. EVIDENT urges the adoption of these open standards and supports their continued implementation across global markets.