So far, tokens and exchanges chose ticker symbols deliberately. As a result, the same token might trade under different ticker symbols on different exchanges, or different tokens might even be listed under the same symbol. For instance, Bitcoin trades under the symbols XBT, BTC, or BTX. This practice is confusing and represents a risk for investors and other market players.
With the International Token Identification Number (ITIN), ITSA is developing and implementing an open market standard for the safe and secure identification of cryptographic tokens and their use in DeFi and NFTs across blockchains. Its large implementation will drastically increase transparency and reduce operational risks.
General Manager at Blockdeamon GmbH
“ITSA is filling a niche in the crypto token realm: standardized classification and identification. We are using the ITIN as a unique identifier for our vast on-chain data available at Anyblock Index.“
Co-Founder & Managing Partner at Scalewonder UG
“ITSA is promoting standards for global token markets – this is crucial, as comprehensive market standards enable the adoption of cryptographic tokens across the traditional financial industry.”
Head of Frankfurt School Blockchain Center
“ITIN – the unique token identifier – is already used in Germany to clearly identify crypto assets for taxation purposes.”
Co-Founder & Managing Partner at BCW Group
“At BCW Group, we believe a global standard for cryptographic tokens is imperative & are impressed by the methodical approach ITSA has taken utilising an international approach."
Project Manager ITIN at International Token Standardization Association e.V.
"ITIN is the first identifier that embraces the decentralized nature of the token economy. Tokens can now be uniquely identified and referenced in e.g. legal contracts without worrying about forks. This is a decisive foundation for a healthy growth of the token ecosystem."
Head of Frankfurt School
Assistant Prof. of Law
WUT & Nova School of Law
Partner at Cadeia Capital
CEO & Co-Founder
The International Token Standardization Association (ITSA) is a non-profit organization based in Berlin and has more than 100 associated founding members. ITSA is a special interest group aiming to develop and implement comprehensive market standards for identifying, classifying, and analyzing cryptographic tokens. ITSA provides multiple sets of databases. Some offer free access; others are only available for ITSA members. In addition, members benefit from actively participating in working groups, networking events, and community calls. By being part of ITSA, you shape the future of token standardization.