How Defactor Uses The ERC-3643 Token Standard
In the dynamic landscape of tokenisation, token standards play a pivotal role in defining the functionality and security of digital assets. One such standard that has gained significant traction is ERC-3643, and Defactor stands at the forefront of its utilisation. This article aims to shed light on Defactor's strategic adoption of the latest token standards, offering insights into its significance for enterprise-grade tokenisation.
ERC-3643: The token standard used by Defactor
At its core, ERC-3643 represents a robust token standard crafted to cater specifically to enterprise-level tokenisation needs. It sets the stage for defining digital assets on Ethereum and any EVM-compatible blockchain, offering a comprehensive framework that ensures compliance, security, and seamless functionality.
The strength of ERC-3643 lies in its validation and trust within the Ethereum community. Earning the prestigious 'Final' status in its Ethereum Improvement Proposal (EIP) further signifies official recognition and widespread acceptance within the EVM developer community. Additionally, a flawless audit score of 10/10 by Hacken underscores the unparalleled security and integrity embedded in this protocol.
Moreover, the standard's endorsement by notable institutions and firms—Apex Group, Invesco, Aztec, CMS, DLA Piper, and Polygon—further solidifies its credibility. This consortium indicates a collective effort to drive global adoption and standardisation, emphasising ERC-3643 as the go-to framework for enterprise-ready tokenisation.
Over the past six years, ERC-3643 has facilitated the tokenisation of assets exceeding $28 billion, marking a significant milestone in its track record. This substantial utilisation across diverse projects underscores its reliability and adaptability for a myriad of tokenisation requirements.
Why Defactor uses the ERC-3643 token standard
Defactor's allegiance to ERC-3643 stems from its membership within the ERC-3643 consortium. This affiliation signifies a commitment to harnessing this standard's capabilities, in addition to giving Defactor the ability to steer the future of the standard and to collaborate with consortium partners to tackle modern-day tokenisation challenges.
The consortium's focus on compliance, native KYC/ID support, and issuer-controlled tokens aligns seamlessly with Defactor's vision for secure and regulated tokenisation practices. By utilising ERC-3643, Defactor ensures a purpose-built, open-source framework that meets the stringent requirements of enterprise-grade asset tokenisation.
How Defactor uses the ERC-3643 standard
Defactor's integration of ERC-3643 extends beyond mere adoption; it permeates through Defactor’s asset tokenisation platform, ASSETS. This platform serves as the bedrock for leveraging the standard's capabilities, offering a streamlined approach to tokenise any kind of asset securely and efficiently.
The utilisation of ERC-3643 within ASSETS guarantees a compliant, secure, and purpose-built solution for those seeking to tokenise their assets. The native support for all types of assets, coupled with issuer control and inherent KYC/ID functionality, aligns well with Defactor's commitment to delivering a robust and compliant tokenisation experience.
Start your tokenisation journey
Defactor provides a comprehensive suite of tools for seamless tokenisation, community engagement, liquidity provision, and robust governance.
This toolkit consisting of ASSETS, which simplifies tokenisation for all asset types, ENGAGE, which acts as community hub, promoting transparency and community involvement, and POOLS, which empowers businesses in creating liquidity pools, provides anyone with the right tools for starting their tokenisation journey.
To learn more about how you can get started with tokenisation, reach out to us via our contact page!
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