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Hedera Adds ERC-3643 Support to Asset Tokenization Studio

Hedera’s platform upgrade introduces ERC-3643 features like access control, revocation, and freeze capabilities to strengthen compliance in regulated digital asset tokenization.

HBAR

Summary

Hedera has enhanced its Asset Tokenization Studio with ERC-3643 support, enabling institutional issuers to apply access controls based on investor qualification and geography, as well as revocable and freeze functions. The standard also ensures compatibility with KYC and AML procedures, facilitating compliant issuance and transfer of regulated digital assets.

Terms & Concepts
  • ERC-3643: A token standard allowing regulatory-compliant asset tokenization with integrated access control, revocation, and freeze functions for regulated environments.
  • Asset Tokenization: The process of converting physical or traditional financial assets into digital tokens on a blockchain.
  • KYC/AML: Know Your Customer and Anti-Money Laundering processes used to verify identity and prevent illegal financial activity.