Working Groups

Select a working group to learn more

If you are interested in contributing to our working groups, please contact the ITSA Secretariat (secretariat@itsa.global).

PWG1 – ITIN

Description

PWG1 supports and advises the ITSA Secretariat on the development and implementation of ITIN as token identification standard. The working group will thus focus for instance on technical aspects of ITIN, the ITIN issuance process, and on strategies for the implementation of ITIN through partnerships with exchanges and token issuance platforms. As ITSA participates in the ISO Working Group on the development of a globally accepted Digital Token Identifier (ISO TC 68/SC 8/WG 3), the Working Group Head of PWG1 will collaborate closely with the ITSA Secretariat as well as ITSA’s representatives in the ISO Working group in order to align the development of ITIN with the work of ISO and its members.

Exemplary topics

1. How can a technically and economically efficient two-point-identification be implemented?
2. What functionality should the ITIN registry offer?
3. What partnerships should be prioritized in order to establish ITIN as practicable market standard?

Working Group Co-Heads

Nils has extensive experience in leading international financial technology projects and teams. He co-founded Zurich based atpar AG that offers tools and services for the issuance and lifecycle-management of digital (financial) assets. As core-team member of the ACTUS Financial Research Foundation Nils has shaped the first algorithmic standard for financial contracts and currently chairs the ACTUS User Forum. Previously, he led the development of core-banking and financial analytics technology and consulted financial services providers in a wide range of projects at the interface of financial data, mathematics, and technology.

Constantin Ketz is vice chairman of the International Token Standardization Association (ITSA) and partner at Cadeia Capital, a blockchain-based structured finance platform. Next to his work on token markets as research fellow at the Blockchain Center of the Frankfurt School of Finance & Management, Mr. Ketz also works as independent consultant for distributed ledger technology solutions in financial markets, and contributes to the development of a Digital Token Identifier (DTI) as member of ISO TC68 / SC8 / WG3. He holds a B.Sc. in Economics from the University of Mannheim as well as a Master in European Public Affairs from Maastricht University and the European Institute of Public Administration (EIPA).

PWG2 – ITC

Description

PWG2 supports and advises the ITSA Secretariat on the development and implementation of ITC as token classification standard. The working group thus contributes for instance to the conceptual work on the token classification framework, to the classification guidelines and to the actual classification of tokens according to the framework. Conceptually, the ITC framework needs to be further developed horizontally (addition of new dimensions) as well as vertically (definition of new (sub-)categories and/or (sub-)groups within the different dimensions). The Working Group Head will set and coordinate these different ITC development targets in close liaison with the ITSA Secretariat.

Exemplary topics

1. Should the ITC be extended in the future in order to show more detail in each existing dimension or in order to include more dimensions?
2. Should the ITC allow for a primary and secondary classification of tokens where needed or are labels a better solution?
3. What technical token standards other than the Ethereum-based ERC20 should be included in the framework?

Working Group Co-Heads

Stefan Schmitt is Chief Marketing Officer (CMO) of Plutoneo, a German crypto asset custody provider. Next to his work on a Horizon 2020 project by the European Commission as a research fellow for the Frankfurt School Blockchain Center (FSBC), he is the Marketing & Communication Manager of the International Token Standardization Association (ITSA) e.V. Mr. Schmitt holds a Master in Finance (M.Sc.) from Frankfurt School of Finance and Management.

Constantin Ketz is vice chairman of the International Token Standardization Association (ITSA) and partner at Cadeia Capital, a blockchain-based structured finance platform. Next to his work on token markets as research fellow at the Blockchain Center of the Frankfurt School of Finance & Management, Mr. Ketz also works as independent consultant for distributed ledger technology solutions in financial markets, and contributes to the development of a Digital Token Identifier (DTI) as member of ISO TC68 / SC8 / WG3. He holds a B.Sc. in Economics from the University of Mannheim as well as a Master in European Public Affairs from Maastricht University and the European Institute of Public Administration (EIPA).

PWG3 – TOKENBASE

Description

PWG3 supports and advises the ITSA Secretariat on the development and implementation of TOKENBASE as token analysis standard. Next to providing qualitative token classification data from the application of the ITC, TOKENBASE shall integrate and offer various market data feeds from different providers in order to develop a transparent and reliable data aggregation platform. The working group will thus focus on the development of such database, including technical aspects (e.g. development of an API) as well as the partnership management (e.g. onboarding of new data providers) and licensing aspects. The Working Group Head will work closely with the ITSA Secretariat in order to define the next steps for the development of TOKENBASE.

Exemplary topics

1. What data feeds should be integrated next?
2. What statistical methods should be employed to provide aggregated and cleansed data based on the individual sources?
3. How can TOKENBASE be marketed and implemented to support and foster research on token markets?

Working Group Co-Heads

Peter is the co-founder and CEO of Anyblock Analytics, a blockchain solution provider that offers methods, tools and data to integrate business processes with blockchain technologies. He has more than twenty-five years of professional and leadership experience in managing, developing and operating digital services. Besides being an Ecologist, he is a certified Project Management Professional, IT Service Manager and Linux Professional.

Prof. Dr. Philipp Sandner is head of the Frankfurt School Blockchain Center (FSBC) at the Frankfurt School of Finance & Management. In 2018, he was ranked as one of the “Top 30” economists by the Frankfurter Allgemeine Zeitung (FAZ), a major newspaper in Germany. Further, he belongs to the “Top 40 under 40” – a ranking by the German business magazine Capital. The expertise of Prof. Sandner in particular includes blockchain technology, crypto assets, distributed ledger technology (DLT), Euro-on-Ledger, initial coin offerings (ICOs), security tokens (STOs), digital transformation and entrepreneurship.

PWG4 – Strategic Project Development

Description

PWG4 supports and advises the ITSA Secretariat on the strategic development and expansion of the association’s three standardization projects ITIN, ITC, and TOKENBASE. Next to the positioning and marketing of TOKENBASE, PWG4 also is responsible for the distribution of the ITC framework and the development of relevant partnerships in this context. Last but not least, the working group also takes the lead on the deployment of ITIN as a globally recognized and utilised identifier for DLT-based cryptographic tokens. Overall, PWG4 aims to guide ITSA towards the needs of the market and to help the association grow its global reach.

Exemplary topics

1. What is the overall strategy for ITSA and the strategic interplay between its projects?
2. What are the individual go-to-market strategies for the three projects of ITSA?
3. How to establish ITIN as a global identifier for DLT-based cryptographic tokens and how to further enhance and adjust the project to meet the clients’ demands?

Working Group Co-Heads

Katharina Gehra is the Co-Founder of Immutable Insight, an innovative German start-up that delivers 100% reliable insights on blockchain in real time for traders and investors and a new era of advanced compliance. She is also a supervisory board member at the Fürstlich Castell’sche Bank. She uses her entrepreneurial passion as an active early stage investor. Previously she has been the CEO of Interritus Limited and a supervisory board member at Kommunalkredit Austria AG. Before her career in the private equity industry, she worked as a Project Leader at The Boston Consulting Group and Commerzbank AG. She holds a MSc in International Political Economy from the London School of Economics and Political Science.

Natalie is Co-Founder and Managing Partner of Scalewonder, supporting deep-tech startups with growth-related questions by combining management strategy, investment knowledge, and tech knowledge. In McKinsey’s Berlin office, she worked with startups and large institutions around the globe in industries such as retail, insurance, finance, and healthcare. She obtained her PhD in Computational Physics at Oxford University in 2016, and cherishes the strong ties she has to the alumni societies of Oxford, the Max Planck Society, and the Friedrich-Naumann Foundation for her work in the public sector.

SWG1 – Legal, Tax & Regulatory

Description

SWG1 focuses on legal, tax and regulatory aspects of DLT- and blockchain-based cryptographic tokens as well as the global token economy. The working group does not focus on particular jurisdictions or specific topics, but should rather represent a room for exchange of ideas, questions and issues that its members and ITSA face in their daily business. The Working Group Head will steer the group towards the effective development of answers to such questions and acts as contact for the Project Working Groups (PWGs), which will approach SWG1 with legal, tax and regulatory subject matter questions on ITIN, ITC or TOKENBASE.

Exemplary topics

1. What are the current regulatory guidelines published across relevant jurisdictions to determine a token’s status as security?
2. What type of legal structures are currently best practice for the issuance of tokens or for the investment in tokens?
3. What taxation issues have to be considered during a token sale from an issuer’s perspective?

Working Group Co-Heads

Thomas Linder joined MME in 2015. Due to his long-standing role at a Big-Four advisory firm, including temporary employment in the US, he has broad experience in advising Swiss and foreign companies in international tax matters. He is particularly specialized in leading inter-disciplinary projects in the context of acquisitions, corporate restructurings and migrations and has in-depth knowledge in cross-border transactions and tax accounting. At present, he mainly provides assistance to companies in the technology sector, with a focus on Blockchain | DLT | Fintech | Crypto.

Scott is an American lawyer who has worked with several block chain companies including DLT Capital on legal, compliance and due diligence. Scott has a background in corporate law and has experience working in several countries. In addition to his juris doctorate he is currently completing a PhD with the University of British Columbia.

SWG2 – Technology, Cryptography & Data

Description

SWG2 focuses on technology, cryptography and data topics in relation to DLT- and blockchain-based cryptographic tokens as well as the global token economy. These topics include but are not limited to issues and questions around consensus mechanisms, technical token standards, data analytics, hash functions, network security, privacy, protocol updates or fork events. Yet, the working group will focus on those questions that are relevant to its members and ITSA. The Working Group Head will steer the group towards the effective development of answers to such questions and acts as contact for the Project Working Groups (PWGs), which will approach SWG2 with subject matter questions on ITIN, ITC or TOKENBASE.

Exemplary topics

1. What consensus mechanism is best suited for a fully decentralized and secure high-performance payments blockchain?
2. How can trading volume manipulations be detected and countered?
3. What technical token standards are mostly employed and what specific use cases can those standards cater to at the moment?

Working Group Co-Heads

Stefan Teis is managing director at brainbot technologies AG, a blockchain development studio. Prior to joining brainbot technologies AG, he was responsible for Deutsche Börse AG’s blockchain initiative – in this capacity he was part of the Governing Board of the Hyperledger project. He is a theoretical physicist by education and has previously also worked for SAP AG and McKinsey & Company.

Samuel is a seasoned expert in crypto currencies and distributed algorithms. His background is in computer science, with research activities in privacy and security of digital currencies at the computer engineering group at Humboldt University of Berlin. He co-founded the digital data company DIA and serves as CTO.

SWG3 – Payment, Utility & Investment Tokens

Description

SWG3 focuses on topics around the different types and characteristics of DLT- and blockchain-based cryptograpic tokens and their respective markets. As such, the working group captures a very broad spectrum of topics, including but not limited to Stablecoins and Central Bank Digital Currencies (CBDC), tokenization of real and/or bankable assets, Security Token Offerings, Utility Token use cases and tokenomics, and token industry analysis. The Working Group Head will steer the group towards the effective development of answers to the questions at hand and acts as contact for the Project Working Groups (PWGs), which will approach SWG3 with subject matter questions on ITIN, ITC or TOKENBASE.

Exemplary topics

1. What different types of Pegged Payment Tokens and/or Stablecoin Models do currently exist on the market?
2. How do best practices with respect to Security Token Sales (STOs) differ across jurisdictions?
3. What are the common features of the most successful utility tokens with respect to their tokenomics and incentive schemes?

Working Group Co-Heads

After his studies and a Ph.D. in economics, Dr. Sven Hildebrandt served in different marketing agencies and management consultancies in the financial services sector. Before joining DLC, the specialized blockchain consultancy for semiprofessional and professional entities in the finance sector, he worked for Techniker Krankenkasse and the HANSAINVEST – the asset administration company of SIGNAL IDUNA Gruppe. He is actively contributing in the International Standardisation Organisation ISO and heads the finance working group number 2 from the International Association of Blockchain Applications INATBA.

Manuel is an enabler for Blockchain Projects in terms of business development and STO Consulting. Driven by business models, token economics, strategy and efficient workflows, Manuel encourages an effective merge between Blockchain and the „today‘s industries“. After his studies of industrial engineering at TU Darmstadt he develops his unique skill set and market understanding for IT industries at T-Systems and Bright Solutions GmbH. Before he joins DLT Capital GmbH, a corporate finance consultancy with a distinct focus on DLT & crypto finance, he was involved in several projects in the fast growing new crypto space. His understanding of the challenges in Markets and new businesses combined with his Blockchain know-how makes him a valuable Partner in every Phase of a Project.

Kyle is Co-Founder at BCW Group, overseeing Partnerships & Business Development for the strategy consulting firm based in Hong Kong. Kyle has an extensive background in the digital assets space, building digital payments products for financial institutions & payment processors offering click-to-buy services for digital assets. Much of Kyle’s time is spent putting together partnerships with world-class payments & digital asset infrastructure companies to take to market. Before starting BCW Group in 2017, Kyle’s business background was in corporate technology running a global telecom account for Infosys Limited & global partnerships on the corporate development side for Samsung Corporation. Kyle has a B.A. from UCLA & MBA from China Europe International Business School.

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