RATE Group | Security Tokens Might Have New Standard on Ethereum – ERC-1400
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Security Tokens Might Have New Standard on Ethereum – ERC-1400

12 Sep Security Tokens Might Have New Standard on Ethereum – ERC-1400

Posted at 19:48h in Ethereum News by

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Security tokens might have their own Ethereum-based token standard called ERC-1400. The standard was proposed this week by four authors.

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Blockchain developer Stephane Gosselin, together with Adam Dossa, Pablo Ruiz, and Fabian Vogelsteller proposed on Monday a new security token standard based on the Ethereum network. The standard, called ERC-1400, is meant to help entities organize security token offerings (STOs) 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. Thus, the security token imposes a completely new standard.

Gosselin and his associates have defined a list of parameters that they think are needed for a…

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