This week, the Swiss-based blockchain educational and infrastructure platform, Validity Labs confirmed the firm joined The International Token Standardization Association (ITSA). The decision to join the ITSA comes at a crucial stage of the EU’s STO regulatory development. The move demonstrates a further push for a more robust framework to support the expanding security token sector.
Validity Labs is one of the leading providers of blockchain-based decentralized applications in the region. The firm gained notoriety as an early mover when it entered the market back in 2015. At that time, the firm was the first blockchain education company in Switzerland.
Validity Labs – A Premier Blockchain Service Provider
Since then, Validity Labs assisted numerous developers and startups with educational and technical support. This support included hands-on workshops that covered a wide range of blockchain-related subjects. These topics include subjects like learning to program smart-contracts. Additionally, the firm provided educational classes for legal professionals, issuers, accountants and asset managers.
Today, Validity Labs is one of the premier platforms for blockchain-powered decentralized applications. Importantly, the firm now offers end-to-end STO implementation services with the goal to bridge the line between technology and legal compliance within the sector.
International Token Standardization Association (ITSA)
ITSA is a Non-profit German law association that specializes in token taxonomy. Token taxonomy is the identification, classification, and analysis of blockchain-based tokens. As such, the group is a leading voice for the promotion, development, and implementation of comprehensive security token market standards.
Token taxonomy continues to be a hot point of discussion within the market. Recently, regulators started prosecuting tokens that they believe violated the current securities laws. As more regulations come into place, a token’s classification can have a huge impact on the overall liquidity, profitability, and functionality a token possesses. Consequently, a token’s profitability depends on its classification in many instances.
ITSA Sees Growth
ITSA continues to see expansion in the EU market. To date, the firm includes some of the biggest names in both the finance and blockchain spaces. For example, the group already works with a host of universities including the Frankfurt School of Finance and Management, University of Mainz, TU Munich, and the UCL Centre for Blockchain Technologies in London.
Additionally, the group secured many important bank members over the last two years. These organizations include. Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart, Bundesverband Deutscher Banken, and the German Investment Funds Association BVI).
ITSA Prepares for the Digitized Economy.
Importantly, ITSA provides startups with a plethora of helpful information. Startups can seek out support and know-how in the areas of blockchain-enabled solutions, decentralized applications, tokenization, and security token offerings. To date, the group already has helped startups SolarisBank, CryptoTax, and Ambrosus achieve growth.
Validity Labs – A Bright Future
The decision to join the ITSA was a smart maneuver. On top of all of the technical and legal support the firm now has access to, they also are a part of a huge network of blockchain professionals. This network will help Validity Labs achieve its lofty goals in the market.