Bundesverband deutscher Banken became an associate founding member of the International Token Standardization Association (ITSA).
About Bundesverband deutscher Banken
The Bundesverband deutscher Banken (Association of German Banks), the voice of the private finance in Germany, was founded in Cologne in 1951. Its forerunner was the Centralverband des deutschen Bank- und Bankiergewerbes, which existed from 1901 to 1945. In March 1999, the association moved from Cologne to Berlin. It represents more than 200 private commercial banks, extraordinary members such as fintechs, and eleven member associations.
The International Token Standardization Association (ITSA) is a Berlin-based association of German law with more than 100 associated founding members. 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.
So far various reputable organizations have already committed to join ITSA as associated founding members, reaching from corporates (e.g. Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart) over associations (e.g. Bundesverband deutscher Banken, the German Investment Funds Association BVI), startups (e.g. Cashlink, solarisBank, CryptoTax, and Ambrosus) and universities (e.g. Frankfurt School of Finance and Management, University of Mainz, TU Munich, Hasso Plattner Institute or UCL Centre for Blockchain Technologies in London) to private members (one of the co-creators of the ERC20 standard).