Popular Standard for Issuing Tokenized Securities Gets Makeover

CoinDesk
CoinDesk

28 Jun 2023 7:25 PM

Republic Crypto and Upside are debuting ERC-1404 Prime as a future forward token standard....

  • ERC-1404 is a four-year-old Ethereum smart-contract framework used for tokenized securities.
  • Republic Crypto and Upside have developed an upgraded version called ERC-1404 Prime for issuing regulatorily compliant assets on the Ethereum blockchain.
  • The enhanced version allows for more complex transfer restriction scenarios and incorporates lessons learned from the original ERC-1404.
  • It can handle automated lock-ups and dividend distributions, features not available in the original version.
  • The new design aims to prepare tokens for a future where centralized and decentralized finance might coalesce.

The article highlights the development of ERC-1404 Prime as an upgraded version of the existing ERC-1404 framework. The enhanced version is seen as a positive step towards issuing regulatorily compliant assets on the Ethereum blockchain, providing more complex transfer restriction scenarios and additional features.

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You May Ask

What is ERC-1404 and why is it important for issuers of tokenized securities?What are the key enhancements in ERC-1404 Prime compared to the original ERC-1404?How does ERC-1404 Prime help tokens reach the secondary market faster?What are the potential benefits of ERC-1404 Prime in a future where centralized and decentralized finance might coalesce?Which firms are behind the development of ERC-1404 Prime and what expertise do they bring to the project?

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