Scaling Institutional RWAs: The HBAR Foundation Joins the ERC3643 Association

Whats Happening:

The HBAR Foundation, the ecosystem accelerator of the Hedera network, has joined the ERC3643 Association. This partnership aims to scale the adoption of ERC-3643, a leading industry standard for compliant real-world asset (RWA) tokenization with $32 billion in tokenized assets. The HBAR Foundation will collaborate with the Association and its members to promote and advance the ERC-3643 token standard, leveraging its experience in working with financial institutions on the Hedera Council.

Key Moves:

• The HBAR Foundation joins the ERC3643 Association

• Partnership aims to scale adoption of ERC-3643 for compliant RWA tokenization

• Collaboration to explore joint opportunities across the Association and beyond

By The Numbers:

• ERC-3643 standard has $32 billion in tokenized assets

• The HBAR Foundation supports 6 funds focused on different areas

• ERC-3643 is used by high-profile companies like Citi and ABN AMRO

Key Quotes:

• "We're excited for The HBAR Foundation to join the ERC3643 Association, enabling us in our mission to accelerate institutional adoption of the Hedera network and onchain finance as a whole," - Sabrina Tachdjian, Head of Fintech & Payments at The HBAR Foundation

• "Welcoming The HBAR Foundation to the ERC3643 Association marks a key milestone in our mission to build an interoperable future for onchain finance." - Dennis O'Connell, President of the ERC3643 Association

Bottom Line:

The HBAR Foundation's membership in the ERC3643 Association represents a significant step towards accelerating the adoption of compliant real-world asset tokenization on the Hedera network. This collaboration has the potential to drive further institutional growth and innovation in the blockchain and finance sectors, potentially leading to a new wave of high-quality RWA projects within the Hedera ecosystem.

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