Spot BTC ETF approval marks a key shift in Traditional Finance (TradFi) acceptance of digital assets. Alvara Protocol leads with ERC-7621 token standard implementation.What is ERC-7621?ERC-7621 is a groundbreaking token standard designed for on-chain construction of multi-asset tokenized baskets. Its basic functionality allows for the deployment of unique Basket Tokens containing an unlimited number of ERC20 tokens.Features:Basket Token Standard (BTS): Unique tokens comprising various underlying ERC20 tokens.Transferable:Leveraging the ERC721 standard for ownership representation, BTS and management rights become transferable on-chain.Fungible BTS LPs:Introduction of ERC-7621 LP tokens provides versatility within DEX/CEX listings, staking, lending, and governance protocols.Contributions & Withdrawals:LP tokens are minted upon contribution and burned upon withdrawal.Management Fees: BTS holders can receive a percentage of Total Value Locked (TVL) via the rebalancing function at monthly intervals.Portfolio Adjustment: The rebalance function allows managers to efficiently adjust tokens and weights in a single transaction.What Does It Solve?Lack of Transparency: ERC-7621 tokens offer on-chain transparency.Over Centralization: Enables anyone to become a fund manager, preventing dominance by a few entities.Management Complexity: Simplifies fund management by consolidating assets into a single tokenized basket.Limited Accessibility:Opens investment opportunities to a wider audience, removing traditional barriers.Latency Issues: Rapid design and deployment of ERC-7621 in seconds.Limitations:High Gas Fees: Gas-intensive transactions; potential solution with Layer 2s and cost-efficient blockchains.Limited Compatibility: New standard; not universally supported yet.Lack of Awareness: ERC-7621 is a nascent standard, not widely known.ERC-7621 enhances investment flexibility, simplifies portfolio management, improves liquidity, and ensures transparency. It tackles challenges of centralized solutions, paving the way for efficient, adaptable, and user-friendly tokenized investment fund management. Stay tuned for this innovative standard shaping the future of fund management.#ERC7621 #ALVARA #AlvaraProtocol #ETH #ethereum