We are excited to welcome DLA Piper as a new member of ITSA. DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioned to help clients with their legal needs around the world. DLA Piper's Blockchain and Digital Assets group offers strategic advice on a global basis to address the needs of companies implementing blockchain technology solutions and creating and deploying digital assets. TOKO, a unique tokenisation engine and vital component in the digital asset ecosystem was launched by DLA Piper in November 2020 and can be used to create fractions of any asset, whether that be a fund, or a multimillion dollar property. Tokenisation also enables exit opportunities and can reduce the risk of fraud through the strict, timestamped audit trails created through blockchain functionality.
The International Token Standardization Association (ITSA) e.V. is a not-for-profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification, and analysis of DLT- and blockchain-based cryptographic tokens. As an independent industry membership body, ITSA unites over 100 international associated founding members from various interest groups. In order to increase transparency and safety on global token markets, ITSA currently develops and implements the International Token Identification Number (ITIN) as a market standard for the identification of cryptographic tokens, the International Token Classification (ITC) as a standard framework for the classification of cryptographic tokens according to their inherent characteristics. ITSA then adds the identified and classified token to the world’s largest register for tokens in our Tokenbase.