The Ethereum community has officially signed off on the Ethereum ERC-3643 Improvement Proposal (EIP) tobuildIt provides a recognized standard for tokenization that complies with real-world asset (RWA) requirements.
As announced on December 15, the offer came.toIt is final state, which means it has been officially reviewed, discussed, and agreed upon within the Ethereum community, and is a process similar to how ERC-20 and other popular standards were created in the past.
ERC-3643 is a standard for security tokenization, RWA, payment systems. and points collection program It verifies the user’s permissions for the token via self-sovereign identity (SSI) by providing anonymous identity information But can check
Potential benefits of asset tokenization include increased liquidity, faster settlement, transparency, and access to markets, as well as real-world applications including: Enables trading of real estate, artwork, financial assets. and fractional intellectual property
Roland Berger, management consulting firm estimatethat asset tokenization will grow into a $10 trillion market by 2030, which will be a huge increase from its current value of approximately $300 billion.
refer : cointelegraph.com
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