Open-source ERC3643 brings standardisation and interoperability to digital securities

Written by Daniel Coheur co-founder Tokeny

The proven standard for digital securities

The ERC3643 is a suite of smart contracts that enables issuers to mint and manage identity-based permissioned tokens to enforce compliance. These tokens only allow users who meet eligibility rules to become token holders by verifying the credentials of users’ digital identities. These credentials are issued by third parties of the issuers’ choices, be it a KYC provider, a bank or a government, etc. The identity-based whitelisting approach makes ERC3643 the most suitable standard for digital securities, as it ensures compliance while enabling on-chain and automated validation processes. Thus, compliant peer-to-peer transfers of digital securities are allowed, enabling their transferability. Aside from ensuring compliance, ERC3643 has more than 120 smart contract functions, enabling issuers to fully control their digital securities such as blocking and unblocking tokens, performing bulk operations and de…