The Stellar Development Foundation (SDF) has joined the ERC-3643 Association to promote standardized frameworks for tokenization. This development may create new opportunities for the Pi Network.
Stellar's Membership in ERC-3643
The Stellar Development Foundation (SDF) has made a significant move by joining the ERC-3643 Association, which focuses on developing standards for regulated digital assets. ERC-3643, proposed by Tokeny, specifies how to create 'permissioned tokens' that embed compliance logic to meet regulatory requirements. By joining, SDF aims to enhance the tokenization infrastructure for real-world assets (RWAs) within the Stellar ecosystem and attract asset issuers, institutional investors, and blockchain developers.
Opportunities for Pi Network
The Pi Network, built on Stellar's technology, could benefit from the new capabilities enabled by SDF's actions. Blockchain analyst Dr. Altcoin has explained that SDF's initiative may allow Pi to implement RWA tokenization, which was proposed by Pi co-founder Nicolas Kokkalis. This could theoretically enable the issuance of tokenized shares, property rights, and other assets with compliance restrictions for trading, aligning with global regulations and facilitating cross-border blockchain trade.
Conclusion and Future Perspectives
With the compatibility of ERC-3643 and the upcoming protocol upgrade, Pi Network may be poised to engage actively in compliant financial markets. This could strengthen its involvement in the blockchain economy and support the deployment of projects within environments that embrace permissionless accessibility, like the Pi AI App Studio.
The addition of Stellar to the ERC-3643 Association opens new horizons for regulating and expanding opportunities for the Pi Network, potentially influencing the future of blockchain technology.
