ISDA Publishes New Standard Definitions For Digital Assets Derivatives

In an important and welcomed development in the digital asset space, the International Swaps and Derivatives Association (“ISDA”) has published new standard definitions for digital asset derivatives. Until now, there has been an absence of standardisation in the digital assets derivatives market with transactions often documented using highly bespoke agreements, including adapted ISDA-based documentation. However the spate of recent high profile insolvencies in the crypto market has highlighted the need for a move towards a standardised, robust and transparent set of trading documentation to support the further development and growth of this asset class. The introduction of the ISDA Digital Asset Derivatives Definitions (the “Digital Asset Definitions”) lay the foundations for this move.