Popular Standard for Issuing Tokenized Securities Gets Makeover
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.