ERC3643 Association Leads RWA Tokenization Standardization with 78 Industry Leaders

Press Release
October 17, 2024
Luxembourg

Luxembourg, 17 October – The non-profit ERC3643 Association is excited to announce its extraordinary achievements since its inception following its first general assembly last week. The Association is leading the way to standardize the Real World Asset (RWA) tokenization industry, aiming to eliminate silos and build an interoperable future of onchain finance with ERC-3643, an official standard for RWA Tokenization.

Remarkable Growth in Just One Year

Since launching, the ERC3643 Association has already expanded to 78 selected members, including leading names in financial services, law firms, Web3 innovators, and tokenization platforms. This explosive growth reflects the increasing industry recognition of ERC-3643 as the go-to standard for onchain asset tokenization, and our expanding ecosystem signals even more to come.

Key Milestones Driving the Industry Forward

In its first year, the ERC-3643 protocol has been officially validated as an ERC standard, and its security was confirmed with a flawless 10/10 security score in an industry-leading audit. The Association members launched over 15 initiatives, including the ERC-3643 tracker, front-end SDKs, documentation, legal opinions for specific jurisdictions, DApp, DeFi projects, videos, formations, use cases, and more. Furthermore, 7 Onchain Factories have been deployed across major blockchains, accelerating adoption across the ecosystem.

Widespread Institutional Recognition

The ERC-3643 protocol’s influence has been highlighted in over 10 top industry reports published by Citi, JPMorganChase, ESMA, BCG, KPMG, asifma, Deloitte, EEA, INATBA, and GDF. It underscores ERC-3643's growing traction in both traditional finance and blockchain communities. The Association was also recognized by Deloitte, winning the prestigious “Initiative of the Year” award for its transformative impact on the tokenization landscape.

Engaging with Global Regulatory Leaders

The Association has engaged with 6 major regulatory bodies including CSSF (Luxembourg), BaFin (Germany), DFSA (Dubai), FSRA (Abu Dhabi), MAS (Singapore), and the SEC (US). These discussions allowed the Association to showcase the protocol’s ability to enforce compliance and enable controls to meet existing regulatory requirements.

What’s Next?

With such rapid growth and momentum, the ERC-3643 Association is just getting started. We have exciting and forward-looking projects on the horizon, aimed at delivering free and accessible resources to the public while fostering collaboration among major stakeholders to drive interoperability and prevent industry silos.

About ERC3643 Association

The ERC3643 Association is a non-profit organization regrouping industry leaders within a shared mission to advance the adoption of the ERC-3643 standard and promote the development of a standardized, secure, and compliant tokenization framework. The association brings together the expertise and resources of its members to foster collaboration, drive innovation, and create a more inclusive, efficient, and secure financial landscape. By supporting the widespread adoption of the ERC-3643 standard, the association aims to unlock the full potential of tokenization and pave the way for a new era of global asset management.

The Token Protocol for Real World Asset Tokenization
Address
ERC3643 ASBL (Tokeny office)
9 Rue du Laboratoire
L-1911 Luxembourg
Contact
contact@erc3643.org
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