Etrading Software, acting as exclusive registration authority for ISO standard 24165 digital token identifiers (DTIs), and the International Token Standardization Association (ITSA), a non-profit organisation aiming at setting market standards for the global token economy, have created a joint task force to identify synergies in the issuance processes of both the DTI and the International Token Identification Number (ITIN), the technical identifier issued by ITSA for both fungible and non-fungible DLT-based cryptographic tokens. The task force was established in May and is due to run for the next six to twelve months.
A key deliverable of the task force will be to produce a set of recommendations for collaboration to the Digital Token Identifier Foundation (DTIF) and ITSA boards, including an outline implementation plan. These might include aligning DTIs and ITINs, automatic notifications between issuing authorities or white-label access and/or a federated model. In order to facilitate transparency, the task force charter, meeting agenda and minutes will be available to the public on the DTIF website.