Ethereum Community Embraces New Tokenization Standard ERC-3643

Ethereum Community Embraces New Tokenization Standard ERC-3643

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 neces

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