Partisia Blockchain joins ERC3643 Association to adopt RWA standards
- Membership enhances compliance, privacy and security for contributors and regulators
- Fosters greater innovation with other entities in the ERC3643 Association
- Provides a platform for Partisia Blockchain to shape future compliance and RWA standards
ZUG, 21 AUGUST 2024. Partisia Blockchain, a leading innovator in privacy and regulatory compliance within the blockchain space, is pleased to announce its membership in the ERC3643 Association, the official standard-setting body for Real World Asset (RWA) tokenization. This strategic partnership underscores Partisia Blockchain’s commitment to advancing secure and compliant tokenization standards, marking a significant milestone in the integration of real-world assets on the Partisia Blockchain.
Real World Asset (RWA) tokenization involves the creation of digital tokens representing ownership or stakes in physical or financial assets, such as real estate, commodities or intellectual property. This process holds vast potential to revolutionize asset management by enhancing liquidity, transparency and accessibility. However, the key challenge lies in achieving regulatory compliance and ensuring data privacy during these transactions.
The ERC3643 Association is dedicated to establishing and maintaining rigorous standards for RWA tokenization. The ERC3643 standard is specifically designed to ensure that tokenized assets meet regulatory requirements, providing a secure and compliant framework for digital asset transactions. By adhering to these standards, blockchain platforms can seamlessly integrate real-world assets into the digital economy, ensuring both compliance and security for all stakeholders.
Partisia Blockchain’s decision to join the ERC3643 Association is a testament to its dedication to enhancing its capabilities in compliant RWA tokenization. As a member, Partisia Blockchain will leverage its advanced privacy-focused technology to create a more robust environment for tokenizing real-world assets that has the potential to transform how traditional equities and clearing markets operate.
Shirly Valge, Chief of Growth at Partisia Blockchain, says:
“This strategic alliance will enable Partisia Blockchain to ensure that its RWA tokenization processes adhere to the highest regulatory standards, providing confidence to users, contributors and regulators alike. It will also ensure RWA transactions are more secure with sensitive data protected which will hopefully provide greater assurance so more investors and companies feel comfortable engaging with blockchain technology. Harmonization of standards and greater regulatory clarity should help propel RWAs on a global scale.”
Partisia Blockchain’s inclusion in the ERC3643 Association represents a pivotal moment in its mission to lead the market in privacy-preserving and regulatory-compliant solutions for RWA tokenization. By aligning with the ERC3643 standard, Partisia Blockchain is poised to set new benchmarks in the secure and compliant integration of real-world assets into the blockchain ecosystem.
This alliance not only reinforces Partisia Blockchain’s commitment to regulatory compliance, but also highlights its dedication to driving the future of secure and compliant real-world asset tokenization. As the blockchain industry continues to evolve, Partisia Blockchain is positioned at the forefront of this transformation, delivering innovative solutions that meet the needs of a rapidly changing digital economy.
About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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 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. Learn more: www.erc3643.org
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