New Ethereum standard aims to set baseline for real-world asset tokenization
EIP-7943 author Dario Lo Buglio told Cointelegraph that the standard’s goal is to solve industry fragmentation with standardized functions for compliance.
A coalition of Web3 companies has introduced a new Ethereum token standard designed to streamline compliance and reduce fragmentation in the growing real-world asset (RWA) sector.
According to an announcement sent to Cointelegraph, the standard, ERC-7943, creates a minimal, modular interface designed to work across Ethereum layer-2s and Ethereum Virtual Machine (EVM) chains, while remaining agnostic to implementation and vendor-specific infrastructure. This means it can work in any setup and isn’t locked into any specific company’s tools.
Dario Lo Buglio, the co-founder of Brickken and the author of the Ethereum Improvement Proposal (EIP)-7943, told Cointelegraph that the new standard acts as a “universal layer” that sits on top of any token type. This allows developers and institutions to avoid having to use wrappers and custom bridges while integrating tokenized assets into apps.
