Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via X on Thursday that it has joined the ERC-3643 Association. This association is a leading industry standard for compliant RWA tokenization.
The ERC-3643 token standard is an open-source suite of smart contracts that enables the issuance, management, and transfer of permissioned tokens. Also known as the Token for Regulated Exchanges (T-REX) standard, ERC-3643’s attention to compliance has led to it becoming the go-to framework for institutions, with high-profile companies such as Citi and ABN AMRO tokenizing assets such as green bonds and private equity.
Other institutions, such as The Depository Trust & Clearing Corporation (DTCC), have also recently joined the Association to help contribute to its goals of promoting and advancing the ERC-3643 token standard.
By joining the Association and supporting the T-REX standard, we will support the growth and development of this standard through our deep experience in working with financial institutions on the Hedera Council.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.18495 at press time, down 5% over the last 24 hours.
