Part 2: Highlights from Our Recent Interview with Autentic’s CEO on Strategic Partnership Talks in Turkey
November 6, 2024Weekly Update: Key News in Tokenization of Real-World Assets (RWAs)
November 10, 2024Today, we’re diving into the world of Real-World Asset (RWA) token standards – especially ERC-3643 – and how these standards are transforming the tokenization of physical assets on blockchain.
What is ERC-3643?
ERC-3643 is a powerful token standard on Ethereum specifically designed for RWAs. Unlike traditional ERC-20 tokens, ERC-3643 includes access control, compliance, and KYC features to ensure secure and regulatory-compliant token transfers. This makes it ideal for tokenizing assets like real estate, commodities, and private equity, where regulatory requirements are key.
Beyond ERC-3643: Other RWA Standards
While ERC-3643 is popular, other standards and blockchains are emerging:
ERC-1400: adds modular compliance layers and regulatory control, great for flexible asset compliance.
ERC-20 with Oracles: uses oracles to bridge real-world data (e.g., Chainlink) to digital assets.
Tezos & Polkadot RWA Solutions: both offer custom solutions for RWA tokenization, benefiting from governance and cross-chain compatibility.
How Are RWAs Changing Blockchain?
RWAs bring massive potential to DeFi, enabling real-world value to flow into decentralized markets. With standards like ERC-3643, projects are building secure, compliant gateways for assets like real estate, debt, and collectibles to enter the blockchain world, broadening accessibility and liquidity.
Key Takeaway
As token standards evolve, RWAs on blockchain are set to become a massive trend in bridging physical and digital economies. Stay tuned for more updates on how ERC-3643 and other protocols are shaping the future of digital finance!
Read here about why Autentic team is not using ERC-3643 and is developing own extension for the EIP-20 standard (BEP-20).