ERC3643
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NEWS: The proposal to improve the ERC-3643 standard is accepted by the ETHEREUM community
The adoption of ERC-3643 by the Ethereum community is important news for asset tokenization. This standard provides a framework for the tokenization of a wide range of assets, including securities, RWA, payment systems and loyalty programs.
ERC-3643 has several features that make it attractive to issuers of tokenized assets:
Compatibility with securities laws and regulations: ERC-3643 is designed to comply with securities laws and regulations of most jurisdictions. This makes it easier for issuers to tokenize their assets without having to deal with complex regulatory requirements.
Self-sovereign identity: ERC-3643 uses self-sovereign identity (SSI) to verify users' eligibility for a token. This allows issuers to provide access to their tokens to specific people, even if they do not have a verifiable real-world identity.
Flexibility: ERC-3643 is a flexible standard that allows issuers to customize their tokens to meet their specific needs. This makes it easier for issuers to tokenize a wide range of assets.
The adoption of ERC-3643 by the Ethereum community is an important step for asset tokenization. This standard has the potential to make tokenization more accessible and attractive to a wider range of issuers.
Some of the potential benefits of adopting ERC-3643 include:
Increased liquidity: Asset tokenization can help increase the liquidity of real-world assets. This can make it easier for people to buy, sell, and trade these assets.
Better efficiency: Asset tokenization can help improve the efficiency of financial markets. This can reduce the costs and time required to carry out financial transactions.
New opportunities: Asset tokenization can create new opportunities for companies and investors. For example, companies can use tokenization to raise capital or to sell their products or services. Investors can use tokenization to access new types of assets.
ERC-3643 is likely to play an important role in the development of asset tokenization in the coming years.
#Ethererum #ERC3643 $ETH
ERC-3643 has several features that make it attractive to issuers of tokenized assets:
Compatibility with securities laws and regulations: ERC-3643 is designed to comply with securities laws and regulations of most jurisdictions. This makes it easier for issuers to tokenize their assets without having to deal with complex regulatory requirements.
Self-sovereign identity: ERC-3643 uses self-sovereign identity (SSI) to verify users' eligibility for a token. This allows issuers to provide access to their tokens to specific people, even if they do not have a verifiable real-world identity.
Flexibility: ERC-3643 is a flexible standard that allows issuers to customize their tokens to meet their specific needs. This makes it easier for issuers to tokenize a wide range of assets.
The adoption of ERC-3643 by the Ethereum community is an important step for asset tokenization. This standard has the potential to make tokenization more accessible and attractive to a wider range of issuers.
Some of the potential benefits of adopting ERC-3643 include:
Increased liquidity: Asset tokenization can help increase the liquidity of real-world assets. This can make it easier for people to buy, sell, and trade these assets.
Better efficiency: Asset tokenization can help improve the efficiency of financial markets. This can reduce the costs and time required to carry out financial transactions.
New opportunities: Asset tokenization can create new opportunities for companies and investors. For example, companies can use tokenization to raise capital or to sell their products or services. Investors can use tokenization to access new types of assets.
ERC-3643 is likely to play an important role in the development of asset tokenization in the coming years.
#Ethererum #ERC3643 $ETH
Ethereum Community Embraces New Tokenization Standard ERC-3643
Crypto Funding and Potential Turnaround
The Ethereum network has reached a new milestone by adopting the ERC-3643 Ethereum Improvement Proposal (EIP). This development marks a significant step forward in compliant asset tokenization. Following rigorous review and discussions, the Ethereum community has officially recognized ERC-3643, mirroring the path previously taken by standards like ERC-20.
Details of the ERC-3643 Standard:-ERC-3643 introduces a robust framework for tokenizing real-world assets (RWAs), securities, payment systems, and loyalty programs. It distinguishes itself by integrating a self-sovereign identity (SSI) framework. This feature verifies users’ eligibility for a token, offering anonymous yet verifiable credentials. The standard builds upon the foundation of ERC-20 and incorporates two critical layers of permissions to enhance security and compliance.
The first layer scrutinizes the identity and eligibility of transaction recipients. It leverages ERC 734/735 standards to ensure that identities hold necessary claims authenticated by trusted claim issuers. The second layer places global restrictions on the token itself. These restrictions include limits on daily token volume and the maximum number of token holders, ensuring regulated token circulation.
Impact on Asset Tokenization:- Asset tokenization, which involves converting the value of physical or digital assets into blockchain-based digital tokens, can benefit significantly from this development. Benefits of this process include heightened liquidity, faster settlements, increased transparency, and broader market accessibility. The applications span diverse fields, ranging from fractional trading of real estate and art to financial assets and intellectual property.
The market potential for asset tokenization is vast with Roland Berger, a management consulting firm, projecting the market to grow to $10 trillion by 2030, up from the current $300 billion.
$ETH #ERC3643 #ERC-20 #ERC-721
Crypto Funding and Potential Turnaround
The Ethereum network has reached a new milestone by adopting the ERC-3643 Ethereum Improvement Proposal (EIP). This development marks a significant step forward in compliant asset tokenization. Following rigorous review and discussions, the Ethereum community has officially recognized ERC-3643, mirroring the path previously taken by standards like ERC-20.
Details of the ERC-3643 Standard:-ERC-3643 introduces a robust framework for tokenizing real-world assets (RWAs), securities, payment systems, and loyalty programs. It distinguishes itself by integrating a self-sovereign identity (SSI) framework. This feature verifies users’ eligibility for a token, offering anonymous yet verifiable credentials. The standard builds upon the foundation of ERC-20 and incorporates two critical layers of permissions to enhance security and compliance.
The first layer scrutinizes the identity and eligibility of transaction recipients. It leverages ERC 734/735 standards to ensure that identities hold necessary claims authenticated by trusted claim issuers. The second layer places global restrictions on the token itself. These restrictions include limits on daily token volume and the maximum number of token holders, ensuring regulated token circulation.
Impact on Asset Tokenization:- Asset tokenization, which involves converting the value of physical or digital assets into blockchain-based digital tokens, can benefit significantly from this development. Benefits of this process include heightened liquidity, faster settlements, increased transparency, and broader market accessibility. The applications span diverse fields, ranging from fractional trading of real estate and art to financial assets and intellectual property.
The market potential for asset tokenization is vast with Roland Berger, a management consulting firm, projecting the market to grow to $10 trillion by 2030, up from the current $300 billion.
$ETH #ERC3643 #ERC-20 #ERC-721
