Templum Markets, a registered token trading platform, is collaborating with CUSIP Global Services (CGS) to bring industry standard CUSIP identifiers to the tokenized securities marketplace.

CGS is a provider of unique security and entity identifiers and descriptive data that enable efficient global trading. Under the agreement, it will issue unique CUSIP identifiers for all primary issuance and secondary transactions, known as Tokenized Asset Offerings (TAOs), conducted on the Templum Markets’ Platform.

The CUSIP identifier – a unique code assigned to financial instruments, allowing the computer systems of different stakeholders to track these instruments – will help standardize the process of trading and tracking TAOs within investor portfolios. It will enhance the transparency in the tokenized security marketplace and also make these securities discoverable on leading market data vendor platforms.

Templum Markets’ parent company, Templum, Inc., became the first to be issued a CUSIP and ISIN for its TAO, making information associated with the company available to professional subscribers of the CUSIP look up service, according to the official release. Templum Markets will be the first broker-dealer to offer CUSIP identifiers for Tokenized and Digital private securities offerings.

“We are focused on bringing standardization and best practices for our issuers, enabling them to better communicate information about their products to potential investors. Our vision is to create increased liquidity opportunities for TAOs through our secondary trading ATS, and adding a CUSIP on each one is an important step toward achieving that goal,” said Vince Molinari, CEO Templum Markets.