ITSA e.V. will host an online round table on the topic “Making sense of non-fungible tokens: all hype or future?” on April 27, 2021. The goal is to bring together a group of max. 20 experts and decision makers to discuss possible use cases of NFTs and their future development in areas like gaming, arts, DeFi and digital identity. If you are interested and would like to participate, the next paragraphs will give you further information. If you want to apply as a participant of this round table, please fill out the application form (5 minutes).

What is the content of this round table?

The goal of this…


Together with PwC, we will host an online round table on the topic “Taxation of Tokens: How to Treat Interest-Paying Debt Tokens Under German Tax Law?” on April 22, 2021. The goal is to bring together a group of max. 20 experts and decision-makers to discuss possible approaches to the taxation of interest-paying debt tokens. The round table will be held in German. If you are interested and would like to participate, the next paragraphs will give you further information. If you want to apply as a participant of this round table, please fill out the application form (5 minutes).

What is the content of this round table?


As of March 18, 2021, Cardano’s ADA is ranked at 3rd position on coinmarketcap, being the third-largest blockchain network in terms of market capitalization. ITSA has fully classified the ADA token according to the International Token Classification (ITC) framework and assigned a unique identifier. Cardano was founded in 2017 and is a third-generation proof-of-stake (PoS) blockchain platform, created by expert teams of researchers and engineers from the ground up using peer-review and a rigorous formal development model.

Authors: Hissan Usmani, Maximilian Bruckner

What is Cardano?

Cardano is a third-generation proof-of-stake blockchain founded by Charles Hoskinson, a co-founder of Ethereum. Because of this, it…


Berlin, March 10, 2021 — The International Token Standardization Association e.V (ITSA) released a list of security tokens issued under German regulation. A majority of these tokens offer profit participation in the form of debt instruments (Genussschein). For now, the list contains 22 different tokens from Bitbond, Bloxxter, Exporo, Exacore, FND Group, L’Osteria, Palmtrip, PREOS and Vogemann Group. More tokens will be added as time passes. The integration of lists to Tokenbase follows ITSA’s efforts to increase market transparency among tokenized securities, which have been on the rise since the first debt tokens were issued by Bitbond in July 2019…


As of today, the Polkadot network is ranked at 6th position on coinmarketcap, being the sixth-largest blockchain in terms of market capitalization. ITSA has fully classified the DOT token according to the International Token Classification (ITC) framework and assigned a unique identifier. Polkadot is a multi-chain blockchain with unique chain architecture including a relay chain, parachains, and bridges. The network’s native utility token DOT is used for multiple purposes, including governance and staking. Using the ITC framework, ITSA classified DOT according to technological, economic, legal, and regulatory dimensions.

Author: Hissan Usmani

What is Polkadot?

Polkadot is a next-generation blockchain protocol connecting multiple specialized…


The Liechtenstein Blockchain Act, which came into effect September 2020, allows for the tokenization of almost any right and asset. It is therefore also possible to tokenize company shares. Amazing Blocks AG was the first company to tokenize equity according to the new law in Liechtenstein, generating equity tokens for registered shares on September 21, 2020. ITSA has assigned the International Token Identification Number (ITIN) XJJB-H6YC-2 to the token, and fully classified it following the International Token Classification Framework (ITC).

Authors: Maximilian Bruckner, Christian Viehof

Following the Liechtenstein Blockchain Act, formally known as the “Tokens and TT Service Providers Law’’…


Berlin — February 04, 2021 — The Swiss parliament has passed a DLT act, which enables Switzerland to continue to distinguish itself as a leading innovative location for security token offerings (STO) and the empowerment of retail customers. The new law will introduce several essential elements to create the basis for the transformation from a centralized to a decentralized financial infrastructure. At its heart, the new legislation introduces a new form of securities — uncertificated securities — which are issued and transferred on a DLT register.

Authors: Christian Viehof, Maximilian Bruckner

Following the Swiss DLT acts law on uncertificated securities…


Non-fungible tokens have been a source of considerable excitement in the blockchain community for quite some time now, and they show no signs of slowing down. Ever since the record-breaking sale of CryptoKittie “Dragon”, more and more projects working with NFTs have bubbled up. In this article, we provide a brief introduction to NFTs and present three use cases we find to be particularly exciting.

Authors: Maximilian Bruckner, Jonas Neber, Nicholas Peipp

Fungible and non-fungible

The concept of fungibility exists not only in the world of blockchain and tokens but is also founded in the real world. A fungible item is one that…


The European Commission recently published a proposal for a regulation on Markets in Crypto-assets. The International Token Standardization Association has added a new dimension to its International Token Classification framework to classify tokens according to the proposal.

The European Commission recently published a proposal for a regulation on Markets in Crypto-assets, in short: MiCA. In its proposal, the European Commission seems to focus primarily on the definition of Pegged Payment Tokens (stablecoins) based on E-Money Tokens and Asset-Referenced Tokens. The International Token Standardization Association (ITSA) is using a different approach with regards to the Economic Purpose dimension. …


At the International Token Standardization Association (ITSA), we are hiring for a Managing Director (MD) starting in 2021. As MD, your primary responsibilities include managing the overall operations and resources, acting as the main point of communication between the board and operations and being the public face of the association.

Your profile

We are looking for candidates who have successfully completed a bachelor’s or master’s degree in business administration, economics, industrial engineering, business informatics, computer science, mathematics, physics or similar; ideally, you have gained initial experience in blockchain technology or cryptocurrencies. You are interested in topics such as technology, entrepreneurship, business models…

International Token Standardization Association

The International Token Standardization Association (ITSA) is a not for profit organization working on holistic market standards for the global token economy.

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