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.
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.
Head of Frankfurt School Blockchain Center
Professor
Johannes Gutenberg University Mainz
Partner
Cadeia Capital
CEO & Co-Founder
CryptoTax
Managing Director
BLOCKROCKET
Founder
Blocksize Capital
Managing Director
Disrupt Network
ITSA is a non-profit organization and special interest group aiming at the development and implementation of comprehensive market standards for the identification, classification, and analysis of cryptographic tokens. ITSA provides multiple sets of databases. Some of them are for free, others are only available for ITSA members.
