Global Tokenization Standards in the Works

illustrationMicrosoft, Nasdaq and others on board.

By Rick Richardson

Microsoft, IBM, Hyperledger and other technology and financial organizations have formed an alliance to develop global standards for tokenized ecosystems.

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Microsoft’s principal architect, Marley Gray, and Enterprise Ethereum Alliance’s former executive director, Ron Resnick, recently launched the InterWork Alliance (IWA), a nonprofit organization aimed at bringing global standards to the token-based ecosystem.