The Depository Trust & Clearing Corporation (DTCC) today announced it is joining the ERC3643 Association. As a member, DTCC will contribute to the Association’s goals by promoting and advancing the ERC3643 token standard.
The ERC3643 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.
With today’s announcement, DTCC is adding ERC3643 support to its DTCC ComposerX™ suite of platforms, including ComposerX Factory, a tokenization engine that enables sophisticated data management. DTCC will also support issuance of ERC3643 tokens.
Combining DTCC’s technology with the ERC3643 token standard will introduce benefits to the digital asset markets including:
- Enhanced Risk Management, Security, and Compliance by automating the processing of…
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