Alongside other industry associations, GDF has convened industry leaders to develop the standards needed to accelerate the adoption of digital assets, and ensure firms are able to meaningfully comply with global regulatory requirements.
Global Financial Institutions for Cryptoassets (GFIC) Commitment Statement
The Global Financial Institutions Crypto Working Group (GFIC), administered by GBBC Digital Finance and chaired by Standard Chartered and Ownera, was established to work towards a common financial conduct and operating standards framework for crypto assets in the wholesale market. As a result of its commitment to developing the standards in collaboration with regulators and financial institutions, the group invites its members to certify to its Statement of Commitment to the Development of the Global Crypto Standards below.Read the Full Statement Certify (Members Only)
The IVMS-101 standard, the universal common language for communication of required originator and beneficiary information between virtual service providers, was approved at the JWG plenary and ratified by GDF on the 6th May 2020.
Alongside IDAXA and the Chamber of Digital Commerce, GDF led the development of this standard. More information on IVMS-101 can be found here.