ERC-3643: Ethereum Compliance Token Standard
Joachim Lebrun, Tony Malghem, Kevin Thizy, Luc Falempin, Adam Boudjemaa
Abstract
ERC-3643 is a technical standard developed to address the specific requirements of regulated assets on the Ethereum blockchain. Unlike standard ERC-20 tokens, ERC-3643 introduces a suite of smart contracts designed to enforce compliance at the protocol level. The core innovation is the 'Identity Registry' system, which restricts token transfers to addresses that have been pre-approved through a verified identity process (KYC/AML). The standard is designed to allow for the compliant tokenization of securities, real estate, and other regulated instruments. This document details the architectural components of the standard, including the Claim Issuer mechanism and the compliance engine that verifies identity parameters before every transaction execution. By codifying compliance within the token's logic, ERC-3643 provides a robust framework for institutional entities to operate in permissionless environments while maintaining strict adherence to financial regulations and securities laws.
Key Findings
- 1ERC-3643 enables protocol-level enforcement of compliance requirements.
- 2The standard allows for dynamic updating of identity verification status.
- 3It successfully balances the permissionless nature of Ethereum with the permissioned nature of security law.
- 4The modular design supports complex governance requirements for asset issuers.
Topics
Citation
BibTeX
@misc{erc36432021,
title = {ERC-3643: Ethereum Compliance Token Standard},
author = {Joachim Lebrun and Tony Malghem and Kevin Thizy and Luc Falempin and Adam Boudjemaa},
year = {2021},
howpublished = {\url{https://erc3643.org/}},
}Knowledge Explorer
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