Make Tokens Uniquely Identifiable
International Token Standardization
10.000+
Unique PTINs Assigned
1.000+
Tokenized Assets Classified
10+
Classification Dimensions
3
Classification Layers
Global Market Standards
Particula is dedicated to establishing comprehensive market standards for blockchain and DLT-based tokens. With the rise of Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and cross-chain operability, the need for precise token identification and classification has become increasingly critical for investors, researchers, and regulators.
What is PTIN
What is PDACS
What is Tokenbase
The Future is Multi-Chain
With the rise of Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and cross-chain operability, the role of token identification and classification is crucial. As more Layer 1 blockchains and Layer 2 solutions emerge, unique token identification across multiple blockchains becomes essential. Unlike siloed information in current models, tokens will exist on various blockchains. This presents a growing challenge for investors, researchers, and regulators. Particula aims to establish common identification and classification standards for all tokens, addressing this challenge.
FAQs: Simplifying the Token Economy
Explore our frequently asked questions to learn more about tokenized assets and the services we offer on our market intelligence platform.
A Particula Token Identification Number (PTIN), formerly known as the International Token Identification Number (ITIN), is a global identification system for digital tokens introduced by the International Token Standardization Association (ITSA) in 2018 and overtaken by Particula at the end of 2023. A PTIN consists of a unique, randomly generated nine-character alphanumeric code (e.g., D67J-6HQF-8) and a comprehensive record of reference data relevant to the token, stored within the Particula Tokenbase Registry. This reference data provides detailed information about the token across over 10 different dimensions, including ownership rights, economic design, technological setup, and Particula's digital asset risk ratings.
With the rise of Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and cross-chain operability, the role of token identification and classification is crucial. As more layer one blockchains and layer two solutions emerge, unique token identification across multiple blockchains becomes essential. Unlike siloed information in current models, tokens will exist on various blockchains. This presents a growing challenge for investors, researchers, and regulators. Particula aims to establish common identification and classification standards for all tokens, addressing this challenge.
Particula is exclusively responsible for assigning PTIN codes and performing their corresponding PDACS classifications.
Utilizing a PTIN offers several key benefits. It ensures transparency by clearly identifying the digital token, its location on either a public or private blockchain, and any links to underlying assets. PTIN promotes interoperability with a standardized method that differentiates between various ledgers and tokens. Its uniqueness lies in the verifiable origins of the digital token within the distributed ledger data structure. Lastly, PTIN supports scalability and resilience, effectively addressing the fragmentation in the current digital asset industry.
To apply for a PTIN code, the applicant must complete the form provided by Particula and include all necessary information for allocation. The token must exist, be eligible, and not already have a PTIN assigned. Additionally, the data provided by the registrant must meet Particula's validation criteria.
All requests are usually processed within 48 hours if all relevant information is provided.
The string of nine alphanumeric characters representing a PTIN cannot be changed, modified or re-used once assigned. However, it is possible to request an amendment for other reference data details for an existing record in the registry.
An International Security Identifier Number (ISIN) is a recognised standard for identifying traditional securities, including shares, bonds, options, and other financial instruments. A Particula Token Identification Number (PTIN) is a recognised standard to identify digital tokens that exist on a distributed ledger.
Within traditional financial markets, ISIN and Market Identifier Code (MIC) codes identify the what and where of a transaction respectively, facilitating regulators’ ability to detect and investigate market abuse. In the digital asset market, a digital asset may be issued on multiple DLTs and traded or settled on multiple DLT market infrastructures. The identifiers used in traditional markets do not alone enable public authorities to identify the specific DLT on which a digital asset was issued, traded or settled. However, the PTIN, as an identifier designed to cater to the specific features of the digital asset market, can identify the specific DLT on which a token was issued or where a transaction took place: it provides the link between the digital asset and the DLT.
For example, an ISIN would be allocated to a traditional bond. A PTIN could be allocated if the bond was tokenized and represented as a token on a distributed ledger, or if the bond was natively issued on a distributed ledger. The ISIN provides a unique reference to the security, while a PTIN provides a unique reference to the investment token.
We are always here to help and answer any questions you may have. You can reach out to our support team through the contact form on our website, or by sending an email to info@particula.io. We aim to respond to all inquiries within 24 hours.
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