International Token Standardization Association

International Token Standardization Association
Setting standards for global token markets

ITIN

A 9-digit alphanumeric technical identifier for increased operational transparency and safety in handling DLT-based fungible and non-fungible tokens (NFTs). ITIN also provides a point of reference for external media and data to be linked with a token, such as legal contracts or price data. The emergence of a highly competitive Decentralized Finance (DeFi) multi-chain ecosystem, which grew beyond Ethereum, has further increased the need for safe and secure identification of cryptographic tokens.

ITC

An expandable framework for the classification of digital tokens according to a multi-dimensional approach (technological, economic, legal, and regulatory dimensions). So far, over 300 tokens have been classified into 10 dimensions, covering 99% of the token market by market capitalization.

Tokenbase

A holistic database for the analysis of cryptographic tokens that combines token identification and classification data with market and blockchain data from external providers. Currently, Tokenbase holds data on over 9000 digital tokens with third-party data of several partners already integrated and easy-to-use API access for our members.

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.

“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.“

“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.”

“ITIN – the unique token identifier – is already used in Germany to clearly identify crypto assets for taxation purposes.”

“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."

"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."

International Token Standardization Association (ITSA)

Cryptocurrencies, Decentralized Finance (DeFi), stablecoins, Non-Fungible Tokens (NFTs), and Central Bank Digital Currencies (CBDCs) will soon form an integral part of various major economic sectors. As such, they will provide utility and value in many different forms to business and society as a whole. Yet, the current token markets still lack a tangible and holistic framework for identifying, classifying, and analyzing different token types, which leads to economic, technological, and regulatory uncertainty and a lack of transparency for all players involved. To address these shortcomings, the International Token Standardization Association (ITSA) aims to implement comprehensive market standards for the global token economy.

Membership

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.

International Token Standardization Association