Ethereum Group Launches Token Standards Drive

The initiative seeks to create common language around tokens to foster wider adoption among institutional investors.

tokenization-waters1218

The Ethereum Enterprise Alliance is announcing an initiative to standardize definitions around tokenization,
as a means to make it fit for purpose for institutional investors and encourage wider adoption.

The alliance—comprising of blockchain users, technology vendors, and academics—seeks to standardize token taxonomy and definitions to get wider adoption of tokens across industries through the Token Taxonomy Initiative. The idea is to provide a common language of what different tokens are, so

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