Syscoin Foundation Partners with ITSA on International Token Standardization Initiative
The Netherlands, Eindhoven: The Syscoin Foundation is pleased to announce their new partnership with ITSA (International Token Standardization Association). They will work alongside other reputable organizations, including corporates (Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart), associations (Bundesverband deutscher Banken, the German Investment Funds Association BVI), startups (Cashlink, solarisBank, CryptoTax, and Ambrosus), universities (Frankfurt School of Finance and Management, University of Mainz, TU Munich, Hasso Plattner Institute, and the UCL Centre for Blockchain Technologies in London), and private members (a co-creator of the ERC20 standard).
The International Token Standardization Association (ITSA) e.V. is promoting the development and implementation of a standardized approach for the identification, classification and analysis of blockchain- and DLT-based cryptographic tokens.
One of our aims is to spread awareness and advance the global adoption of blockchain technology. This aligns with the vision of ITSA and its aim to set standards for global token markets. With our knowledge and experience as a token platform we will contribute to developing a safe and secure identification of cryptographic tokens, which will facilitate the global acceptance of a tokenized society - Reinier Martens, Syscoin Foundation Secretary
On the new partnership, ITSA’s Vice Chairman commented;
We are glad to welcome the Syscoin Foundation as a member of ITSA. Having built the Syscoin protocol and platform, Syscoin weighs in a lot of technical experience, including valuable expertise on DAG technology and interoperability solutions. Therefore, we look forward to a fruitful collaboration on the development of token market standards and aim to support the Syscoin team on their mission to build a fast, secure, and low-cost application infrastructure for companies. - Vice Chairman Constantin Ketz
The International Token Standardization Association (ITSA) e.V. is a not-for-profit association of German law that aims to promote the development and implementation of comprehensive market standards for the identification, classification and analysis of DLT- and blockchain-based cryptographic tokens.
About the Syscoin Foundation
Officially founded on December 11th, 2018, the Syscoin Foundation is a non-profit organization that represents the Syscoin core development team, secures the code repositories, and oversees public relations for the protocol. Its goal is to expedite the global adoption of blockchain technology by demonstrating the unique decentralization features offered by Syscoin Platform.