International Token Standardization Association e.V.

International Token Standardization Association e.V.
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. This allows the connecting and matching of other media and data to the token, such as legal contracts or price data.

ITC

An expandable framework for the classification of tokens accordning to a multi-dimensional approach (technological, economic, legal, and regulatory dimensions). So far, over 200 tokens have been classified to 6 dimensions, covering 99% of the token market by market capitalization.

Tokenbase

A holistic database for the analysis of tokens that combines token identification and classification data with market and blockchain data from external providers. Currently, Tokenbase holds data on over 5000 tokens with third-party data of several partners already integrated and API access in development.

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 be even listed under the same symbol. For instance, Bitcoin can either be found under the symbol XBT, BTC or BTX. This is not only confusing and but also 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. 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) e.V.

Cryptographic tokens running on DLT systems will soon form an integral part of various major economic sectors (e.g. financial markets, information and media, manufacturing and trade). As such they are going to provide utility and value in many different forms to business and society as a whole. Moreover, cryptographic tokens are also on the verge of representing a recognized institutional asset class. Yet, the current token markets still lack a tangible and holistic framework for the identification, classification and analysis of different token types, which leads to economic, technological as well as regulatory uncertainty and a lack of transparency for all players involved.

With the objective of addressing these shortcomings, the International Token Standardization Association (ITSA) e.V. aims at implementing comprehensive market standards for the global token economy.

The International Token Standardization Association (ITSA) is based in Berlin and has more than 100 associated founding members.

International Token Standardization Association e.V.