Before you'll start issuing securities to investors we'll help you setup an International Securities Identification Number (ISIN) for your security as well as an International Token Identification Number (ITIN) for the token representing your security on the Ethereum Blockchain. In addition we help you apply for an International Token Classification (ITC).
Standards as the ISIN, ITIN and ITC have several important advantages. First of all such standards show investors that the security issuance is legit. Scams or less professional issuances are not able to register for these standards. In addition, standards help all market participants to uniquely identify an asset and publish information regarding the issuance. For example, on secondary markets exchanges chose ticker symbols deliberately. As a result the same asset might trade under different ticker symbols on different exchanges or different assets might be even listed under the same symbol. This is not only confusing but also represents a risk for investors and other market players.
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.
With the International Token Identification Number (ITIN), ITSA is developing and implementing an open market standard for the safe and secure identification of digital assets on Distributed Ledgers. Its large implementation drastically increases transparency and reduces operational risks.
The International Token Classification (ITC) is a framework for classifying digital assets according to various different dimensions. It is already applied to the top 800+ digital assets and will be continuously updated and extended through the classification of more assets as well as the addition of further dimensions and classes.
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The organization that allocates ISINs in any particular country is the country's respective National Numbering Agency (NNA).
An ISIN is often confused with a ticker symbol, which identifies the asset at the exchange level. For example, according to ISIN Organization, IBM common stock is traded on close to 25 trading exchanges and platforms, and its stock has a different ticker symbol depending on where it is traded. However, IBM stock has only one ISIN for each security. The ISIN code identifies the securities, but it is the only common securities identification number that is universally recognized.