Working Groups

GDF Members are at the forefront of creating market and conduct standards and best practices for cryptoasset and digital finance participants. Our working groups include subject matter experts from across the ecosystem from crypto/digital assets, traditional financial services, legal and academic communities.

Filter Working Groups

Consumer Self-Certification

The GDF Consumer Self-Certification working group will deliver a standard for a certification process for retail consumers buying more sophisticated investment products.

The standard will seek to ensure that consumers can demonstrate their own sophistication, and allow exchanges and wallets to demonstrate their responsibility in ensuring that users are qualified to use their products.

The group is open for members.

Read more >

Private Markets Digitisation Steering Group

Covid-19 has created a capital gap, with tens of thousands of private companies simultaneously in need of rapidly distributed capital.

This joint initiative will develop recommendations on digitising the process of investing in SMEs and improving accessibility through an industry-wide digital securities network for private markets.

Read more >
Intervasp Messaging Standards

Joint Working Group on InterVASP Messaging Standards (JWG-IVMS)

This joint working group has developed messaging standards for exchange of originator and beneficiary information as required by the FATF travel rule.

Read more >

Interoperability

The Interoperability Working Group will address the complexities of multi-jurisdictional policy enforcement for digital securities across different protocols, blockchains and legacy databases.

The participants will consider the requirements and implications of KYC/AML and The Travel Rule on transference, sharing and security of data.

Read more >

DeFi

The GDF Decentralised Finance Lending working group will draft GDF Code of Conduct principles to outline best practices for firms wishing to offer P2P services on a distributed ledger.

The Code of Conduct will cover areas such as consumer protection requirements, governance procedures and disclosure rules.

Read more >

Digital Currency

The Digital Currency working group will focus on how governments can provide payments using modern, digital technologies.

In response to the Covid-19 crisis this group will create a short paper offering considerations for policymakers as they assess the current response and plan future legislative and administrative actions.

Read more >

Digital Asset Market Practices

The GDF Digital Asset Market Practice working group will evaluate emergent liquid, non-securities, digital asset execution, pre-trade, post-trade, and custody best practices through the lens of established financial marketplaces. Participants come from established Financial Institutions and relevant Professional Services Firms.

Read more >

KYC / AML / CTF

The KYC/AML/CTF working group is comprised of both cryptoasset and traditional financial services compliance, legal and regulatory practitioners, who articulate best practices in the areas of customer due diligence and the prevention of financial crime associated with money laundering and terrorist financing. 

Read more >

Custody

The Custody working group delivered the GDF Code of Conduct: Part IX: Principles for Custody – Custodial Wallets in 2019.

The group is now collectively working on a custody regulatory roadmap, as well keeping up-to-date with the various initiatives around the adoption of the FATF Travel Rule.

Read more >

Stablecoins

The Stablecoin working group is has completed the GDF Code of Conduct Principles for Stablecoins and Stablecoin Issuers.

Read more >

Security Tokens

The Security Token working group is has completed the GDF Code of Conduct Principles for Security Tokens and Security Token Issuers.

Read more >

Market Integrity

The Market Integrity working group is drafting GDF Code of Conduct principles addressing ethical trading and reporting practices, standards for monitoring and surveillance to prevent and detect manipulation and fraud, commitment to client privacy and security, attitudes towards regulation and compliance, and responsible conduct in regards to lending, leveraging and making promises to investors.

Read more >

Overarching Principles

This working group created the GDF Overarching Principles, which is the baseline Code of Conduct for the GDF Registration scheme.  The current version was ratified by the GDF community to the code in October 2018. 

Read more >

Token Issuance

This working group created the GDF Code of Conduct Principles for Part II of the GDF Code of Conduct – Principles for Token Issuance. The current version was ratified by the GDF community to the code in October 2018. 

Read more >

Trading Platforms

This working group created the GDF Code of Conduct Principles for Part III of the GDF Code of Conduct – Principles for Token Trading Platforms. The current version was ratified by the GDF community to the code in October 2018. 

Read more >

Funds

This working group created the GDF Code of Conduct Principles for Part IV of the GDF Code of Conduct – Principles for Funds and Fund Managers. The current version was ratified by the GDF community to the code in October 2018.

Read more >

Rating Websites

This working group created the GDF Code of Conduct Principles for Part V of the GDF Code of Conduct – Principles for Rating and Comparison Websites. The current version was ratified by the GDF community to the code in February 2019.

Read more >

Tax Treatments

The Tax working group is drafting best practice recommendations and considerations for the treatment of corporate and personal tax.  The working group is open for new participants to join.

Read more >

Taxonomy for Cryptoassets

This working group created the GDF Taxonomy, which articulates the foundational language for all of the GDF Code of Conduct principles. The current draft was ratified by the GDF community in October 2018. 

Read more >

Registration

The Registration working group designed the requirements and work flow for the GDF Registration scheme for entities to join a public register and self-attest that they adhere to the GDF Code of Conduct. 

Read more >

Join the mailing list

Get news from GDF, our community, industry and regulators here