The new ERC-7943 standard is designed to address fragmentation in real-world asset tokenization, integrating various token types without the need for separate bridges.
This initiative responds to a surge in institutional interest, with tokenized assets valued at 28.44 billion USD on-chain, highlighting the need for an efficient compliance framework.
The standard provides developers and financial institutions a common foundation, facilitating programming controls aligned with compliance frameworks, thus easing the integration of tokenized assets.
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