DALLAS, March 27, 2025 /PRNewswire/ — The HBAR Foundation, the ecosystem accelerator of the Hedera network, today announced its membership of the ERC3643 Association. Through this partnership, we will work with the Association and its members to help scale the adoption of ERC-3643 ? a leading industry standard for compliant real-world asset (RWA) tokenization with $32 billion in tokenized assets.
The ERC-3643 token standard, initially created by Tokeny, a leading provider of compliant tokenization solutions, is an open-source suite of smart contracts that enables the issuance, management, and transfer of permissioned tokens. Unlike permissionless tokens on the EVM, ERC-3643 follows strict rules and implements identity management via on-chain identities to make sure they meet legal requirements.
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 using this standard.
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, The HBAR Foundation will support the growth and development of this standard through its deep experience in working with financial institutions on the Hedera Council. Alongside this, The HBAR Foundation will explore joint collaboration opportunities across the Association and beyond to drive further institutional growth via ERC-3643 on the Hedera network.
“We’re excited for The HBAR Foundation to join the ERC3643 Association, enabling us in our mission to accelerate institutional adoption of the Hedera network and onchain finance as a whole,” said Sabrina Tachdjian, Head of Fintech & Payments at The HBAR Foundation. “By joining the Association we will collaborate with its members to help shape the future of the standard whilst exploring future RWA collaboration opportunities.”
“Welcoming The HBAR Foundation to the ERC3643 Association marks a key milestone in our mission to build an interoperable future for onchain finance. With the adoption of the ERC-3643 ‘T-REX’ standard, we expect a new wave of high-quality RWA projects to accelerate within the Hedera ecosystem. Alongside other leading institutions, this year has all the ingredients to become the golden year of tokenization,” commented, Dennis O’Connell, President of the ERC3643 Association.
About ERC3643 Association
The ERC3643 Association is a non-profit organization regrouping industry leaders within a shared mission to advance the adoption of the ERC-3643 “T-REX” standard and promote the development of a standardized, secure, and compliant tokenization framework. The association brings together the expertise and resources of its members to foster collaboration, drive innovation, and create a more inclusive, efficient, and secure financial landscape. By supporting the widespread adoption of the ERC-3643 standard, the association aims to unlock the full potential of tokenization and pave the way for a new era of global asset management. Visit ERC3643.org for more information.
About The HBAR Foundation
The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds – focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders – each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem.
The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems and create and control their economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you.
For more information, please visit https://hbarfoundation.org.
Media Contact: [email protected]
SOURCE The HBAR Foundation
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