Financial Instrument Global Identifiers for Crypto Assets
What is FIGI®?
Financial Instrument Global Identifier (FIGI) is an established global standard issued under the guidelines of the Object Management Group. It is a 12-character, alphanumeric, randomly generated ID covering hundreds of millions of active and inactive instruments. FIGI closes the gap in existing symbology systems by providing coverage across all global asset classes. With FIGI, firms are able to tie together disparate and fragmented symbologies, eliminate redundant mapping processes, streamline the trade workflow, and reduce operational risk.
Kaiko is a certified provider for crypto FIGIs, working with Bloomberg as a registered authority under the guidance of Object Management Group.
FIGIs are assigned at three levels of granularity: asset, currency pair, and instrument.
Application of the FIGI hierarchy in this way will provide all market players with improved operability, greater transparency, and a broader view across the sector. The FIGI standard is compatible and complements alternative standards.
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