To ensure compliance with international banking standards, the holding account for doublejack’s asset backing their token is verified independently by a third party. This verification process is conducted in accordance with the ISO 20022 guidelines for international banking, which require compliance by 2025.
Since doublejack’s token is minted on the Stellar network, which also adheres to ISO 20022 standards, the verification process helps to ensure that the token and its underlying asset meet international banking regulations. This further enhances the transparency and security of the token for investors and other stakeholders.
Overall, the use of independent verification and compliance with international banking standards demonstrates doublejack’s commitment to maintaining a high level of transparency and compliance with regulations.