Security tokens might have their own Ethereum-based token standard called ERC-1400. This standard created by Polymath, formerly known as ST-20. Polymath is working on tokenizing any kind of real-world asset that is offered only to accredited investors. They automated the services needed for issuing a token and then trading it.
ERC-1400 works as an umbrella that inter-operates with several other token standards to manage fungible and non-fungible trading regulation. They promise on-chain ownership but have not made the case why is this legally mandatory. It is meant to help entities organize security token offerings (STO’s) and better comply with regulations.
According to the authors, who presented their security token standard via Github, the new resulting token should be compliant with both ERC-20 and ERC-777 standards. On the other side, the token will differ from utility tokens as it will be backed by real-world assets. Also, the token will have to ensure a complex connectivity environment between on-chain and off-chain actors.
So what do you think of the continued development of the ERC-1400 security token standard suite? Or want to launch your securtiy token with unique ERC-1400 standard? Or want to hire the best STO development company for your tokenized requirements? Then you are in the right place!
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