We are pleased to announce that we have become an associated founding member of the International Token Standardization Association (ITSA) e.V., a not for profit organisation aiming for the development and implementation of market standards for the classification of cryptographic tokens. As a founding member, we will provide cryptocurrency market data through ITSA’s International Token Database (TOKENBASE), a centralized database for qualitative and quantitative cryptographic token data. The Kaiko team is excited to work with ITSA’s associated founders to promote international data standards, which will improve transparency, uniformity, and professionalism for all cryptomarkets participants.
As a data provider, Kaiko is well familiar with the difficulties of data standardization in crypto asset markets. With thousands of tokens trading on hundreds of exchanges, standardization is no simple task, requiring significant effort to manually verify and assign a uniform classification to all new assets. Thus, we believe that an international effort like ITSA has the potential to provide essential data norms to all cryptomarkets participants.
As an independent industry membership body, ITSA unites over 100 international associated founding members from various interest groups, including industry associations, banks, stock exchanges, startups, universities, research institutes, law firms, tax advisors and other industry stakeholders.
In order to increase transparency and safety on global token markets, ITSA currently develops and implements the International Token Identification Number (ITIN) as a market standard for the identification of cryptographic tokens, the International Token Classification (ITC) as a standard framework for the classification of cryptographic tokens according to their inherent characteristics, and the International Token Database (TOKENBASE) as standard for the qualitative and quantitative analysis of these tokens.
Besides these projects, ITSA facilitates the internal exchange of thought through working groups as well as the setup of country and city charters. Externally, ITSA represents the interests of its members and acts as a sparring partner for standardization bodies, regulators, and government agencies.
Thus far, ITSA is the most ambitious effort to date for the development and implementation of international data norms. The Kaiko team is excited to continue supporting and working with ITSA as it expands its vision internationally.
Founded in 2014, Kaiko is a market data provider in the blockchain-based digital assets space, providing institutional investors and market participants with enterprise-grade data infrastructure. We collect, normalize, store, and distribute digital assets market data via our Live Stream, Market Data API, and Data Feed, to which market participants connect to build data-driven applications. Our raw trade data, order books, and aggregates cover 7,500+ currency pairs across 50+ exchanges, with new markets added every day. Kaiko caters for the market data needs of professional investors, academic researchers, regulators, security issuers, exchanges, and more. To find out more, visit www.kaiko.com.
The International Token Standardization Association (ITSA) e.V. 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.