ISITC and the TCC begin strategic partnership 27 July 2023US Reporter: Lucy Carter
Image: Olivier Le Moal/stock.adobe.com
ISITC and the Tokenized Commodities Council (TCC) have partnered to improve the understanding of digitised and tokenised real-world assets.
The TCC aims to educate the investment community and the general public on the benefits of and best practices around the tokenisation of commodities. It also works to improve the safety, accessibility and desirability of this new investment class.
The organisation’s Taxonomy Working Group, which ISITC has been a participant in, is working to develop a standardised framework for the classification and categorisation of tokenised commodities.
Alongside this, ISITC has been developing market practices for currencies, assets, commodities and funds through its Digital Asset Forum.
Commenting on the partnership, Kristin Hochstein, ISITC chair, says: "This collaboration exemplifies our commitment to driving innovation and advancing industry best practices in the evolving digital asset landscape. Together, we hope to foster an environment that promotes education and collaboration in shaping the future of finance."
Silvana Da Luca, TCC chair, adds: “Tokenisation is revolutionising the commodities sector, fostering economic inclusivity while offering numerous advantages such as enhanced liquidity, transparency and measurable ESG impacts. We are thrilled to join forces with ISITC, and together advance digital asset adoption, set new industry standards, and create actionable knowledge that will change the way people perceive, trade and invest in commodities.”
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Image: Olivier Le Moal/stock.adobe.com 