The International Roller Sports Federation (FIRS) and the International Skateboarding Federation (ISF) have proposed a merger between the two organisations.
The combined governing body would be known as World Skate, pending approval by the FIRS Congress in September. World Skate would be led by a commission chaired by ISF president Gary Ream.
Skateboarding secured a place on the programme for the 2020 summer Olympic Games in Tokyo, Japan alongside baseball and softball, karate, sport climbing and surfing.
The FIRS and ISF said that World Skate would provide a more modern platform for the management of all skate disciplines, while allowing autonomy for the governance, development and management of skateboarding through a commission chaired by Gary Ream.
"For decades our federation has been a multi-sport organisation, always ensuring the autonomy of its disciplines and preserving at the same time their essence and integrity,” FIRS president Sabatino Aracu said.
“We knew that to ensure the proper representation of skateboarding in Tokyo, it was necessary to involve the associations that represent the whole of skateboarding culture including top athletes, event organisers, community organisations, NGOs, and industry advisors. Only in this way the unique identity of the skateboarding community can be preserved and celebrated."
Ream added: "We have worked hard to make sure that the inclusion of skateboarding in the Olympics respects and celebrates the culture skateboarders have built over the past 70 years. Upon the successful integration of the ISF into FIRS as World Skate we will be in best position to not only put on an incredible show in Tokyo, but also to protect the history of and seize the Olympic opportunity to properly maximise the development of Skateboarding around the globe."
IOC sport director Kit McConnell said that the rebranded World Skate would actively demonstrate “a shared vision which not only celebrates the existing skateboarding communities around the world, but will benefit skateboarding and skateboarders through to the Olympic Games Tokyo and beyond."