finbc became an associate founding member of the International Token Standardization Association (ITSA).
Founded in 2018, finbc is an independent peer-to-peer financial platform for small and medium-sized enterprises based on blockchain technology. In a secure environment, companies can exchange invoices and pay in any currency – even with crypto currencies. Intelligent liquidity planning, pre-financing of invoices, accreditation business and other services for the optimization of working capital provide the necessary financial freedom for corporates. In addition, finbc offers the possibility to act as an investor and profitably allocate liquid funds to other platform members.
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).