cdf became an associated founding member of the International Token Standardization Association (ITSA) e.V.
About Crypto Development Fund
CDF accelerates entrepreneurship in developing countries. Therefore, CDF provides a platform to connect investors from all over the world with startups from developing countries. The software helps startups to get investment ready and to secure fundraising by the right investor. Investors can access historical data about the startup which shows the business evolvement over time and thereby mitigates information asymmetries and creates track records. Using smart contracts, payments in subsequent funding rounds from investors to startups are automated based on the achievement of milestones, reducing risks and costs.
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.
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).