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New Member Announcement: Digital Assets Switzerland (DAS) joins ITSA
by Valentin Kalinov on Oct 7, 2022 5:35:19 PM
Digital Assets Switzerland (DAS), a Swiss-based association, has joined ITSA as an Academic member. As such, they gain access to all ITSA working groups and member groups and free ITC classification.
DAS was founded by nine research partners on August 10, 2022. The primary goal of DAS is to establish and promote Switzerland as a leading ecosystem in the development and deployment of technologies, services and products in the field of digital assets. As an independent party, the association aims to create transparency for all stakeholders and serve as a knowledge platform for members and other parties. The project, which was co-financed by Innosuisse, is scientifically accompanied and managed by the Competence Center for Banking & Finance at the OST - Ostschweizer Fachhochschule.
Services
The core offering of DAS is the tokenization Navigator. With the free Navigator, issuers can plan their token issuance. For this purpose needs and requirements are queried. Based on the answers, the most suitable tokenization ecosystems are suggested. Based on the evaluation, issuers can obtain in-depth information and make a well-founded, individual comparison between the offers on the market.
The International Token Standardization Association (ITSA) e.V.
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.
- The International Token Identification Number (ITIN) is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
- The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to market capitalization of classified tokens.
- ITSA’s Tokenbase currently holds data on over 9000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers. All these tokens have been classified based on their characteristics, which can be divided into four-dimensional groups: economic, technological, legal and regulatory. In total, the database includes nearly 1000 classified tokens, covering over 99.9% of the market capitalization of all crypto assets. Third-party data of several partners is already integrated with API access.