EY and Kaiko Join GDF and ACI Crypto Working Group

Global Digital Finance and ACI Financial Markets Association have announced that EY and Kaiko have joined their Joint Stewardship Working Group, which seeks to promote best practice in digital asset markets, as supporting partners.

The working group builds upon GDF’s Global Financial Institutions for Crypto (GFIC) Working Group, which saw the development of the Global Cryptoassets Standards – a code of conduct for institutions looking to engage in cryptoasset markets in brokerage, custody and intermediation activities. This initiative was championed by Standard Chartered and other institutions in the GDF community and supported by EY who engaged on the programme in capacity as group secretariat.

The associations say that in a continued engagement capacity, EY are joined by Kaiko to bring expertise in digital asset market data, institutional risk management, and financial services innovation, helping to advance the adoption and implementation of these standards across the industry. Their contributions are expected to play a key role in shaping the sandbox environment for attestation and certification, as well as ensuring the continued evolution of the Standards in alignment with market developments and regulatory priorities.

Initiatives to promote the standards include developing real-world use cases for the implementation of standards on ACI FMA’s ELAC (E-Learning, Attestation, and Certification) Portal; providing a sandbox environment for firms to test their attestation and certification processes; and ensuring the standards remain a living document, evolving alongside the regulatory landscape and institutional market needs.

“With the support of Kaiko and EY, we are strengthening the foundation for institutional trust and responsible innovation in the digital asset space,” says Madeleine Boys, co-chair of the working group and director of programmes and innovation at GDF. “Their expertise in market data, compliance, and financial services will be invaluable as we continue to refine and expand the reach of the Global Cryptoasset Standards.”

Rui Correia, co-chair of the working group and CEO of ACI FMA, adds, “The addition of Kaiko and EY as supporting partners reinforces the importance of aligning financial market best practices with emerging digital asset standards. This collaboration will further enhance our efforts to provide a dynamic and practical framework for institutional market participants.”