Messari Launches Disclosure Database for Digital Assets

Messari Launches Disclosure Database for Digital Assets

Messari, a cryptocurrency data and research company say it is launching a disclosures registry for basic cryptoasset information, according to a press release published Nov. 27.

According to Forbes, the New York-based startup, which provides insights, markets data, and research tools in the crypto industry for investors, regulators, and the general public in March of this year, secured between $1–$5 million in early-stage funding to launch its disclosure database.

From the recent announcement by Messari, the company said it has launched the open-source disclosures registry, which aims to become “a single source” for basic cryptoasset information. Twelve initial partners have also joined the project, including such industry include blockchain protocol Aion and secure identity ecosystem firm Civic.
Messari collect basic information voluntarily disclosed by the participating parties about their token design, technical issues, supply details, as well as investors and advisors. The profiles will reportedly be free of access within the industry. The release further says:

“With the launch of the Messari registry, token projects will finally have a common platform that helps them better communicate material updates with both their existing communities and external stakeholders.”

The CEO of Messari, Ryan Selkis stated that transparency is critical for the development of the crypto economy. He said that participating projects “share our vision that the information they provide should remain freely accessible to all market participants, rather than locked behind the paywall of any single data provider.”

In a study conducted by an international law firm, Foley & Lardner LLP and published in June revealed that 86 percent of crypto firms’ executives and investors want the industry to self-regulate. A total of 89 percent of respondents saw the need for “formalized” self-regulation, with a slightly lower majority considering that these formalized standards should have regulatory oversight from authorities.