In a new development for the tokenization ecosystem, the ERC3643 standard has achieved ‘Final’ status in its Ethereum Improvement Proposal (EIP). The EIP process, essential for proposing and implementing upgrades, features, and standards, has seen the ERC3643 standard join the ranks of influential protocols like ERC20 and ERC721. What sets ERC3643 apart is its specialization […]
The 7th of July marks the formation of the ERC3643 Association, a collaborative effort between industry key players to catalyze worldwide adoption of the ERC3643 token standard for real-world assets tokenization to eliminate silos and ensure interoperability. The founding members including both traditional players and technology leaders in blockchain industry: APEX Group, Aztec Group, Archax, Avantgarde Finance, Bitstamp, Capgemini, CMS, DLA Piper, DFNS, Invesco, Inveniam, […]
For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism for tokenized investment products on a public blockchain testnet infrastructure. A smart contract, developed by the Capital Markets and Technology Association (the CMTA), allows for streamlined processes, reduces complexity, raises security, and eliminates counterparty risks from […]
