ERC-7943 author says institutions can’t play DeFi’s ‘pirate game’
RWA standard ERC-7943 reaches final stage as Ethereum builders rethink how institutional finance move onchain.
For years, crypto has thrived on speculative capital flows and the explosive popularity of decentralized finance (DeFi) tokens and applications.
That still holds true for rising sectors such as perpetual decentralized exchanges and prediction markets. But as Wall Street pushes deeper into tokenized real-world assets (RWAs), not all of the industry’s existing systems cater to the kinds of financial products institutions want to bring onchain.
An author of the newly finalized ERC-7943 (uRWA) token standard said that the fragmented infrastructure powering much of DeFi wasn’t designed for regulated financial assets, which often require identity frameworks and interoperability standards.
