Inco Joins ERC3643 Association To Help Boost RWAs With Programmable Confidentiality

Inco’s FHE-powered network offers a way for confidentiality to be achieved on public blockchains while also enabling users, from individual consumers to large financial institutions, to comply with regulatory and compliance requirements. As can be seen in our work with Circle Research on the Confidential ERC20 (cERC20) standard, we believe that creating new token standards that both achieve confidentiality and enable users to comply with regulations is key to advancing mass crypto adoption.

With this in mind, we’re excited to announce that Inco has joined the ERC3643 Association. ERC3643 is the official ERC token standard for compliant tokenization to allow institutions to bring real-world assets, like bonds and equities, onchain. We are looking forward to working with fellow members of the association to advance the adoption of the ERC3643 token standard and help more financial institutions to join the onchain economy.

This initiative is part of the ERC3643 association, members of which include Invesco, MoraBanc, Fujitsu, DLA Piper, Capgemini, Chainlink Labs, Polygon, Zama, and many more.

What Is the ERC3643 Token Standard?

ERC3643 exists to enable regulated financial institutions to enter the onchain economy. It brings together permissioned tokens and onchain identity in a manner that gives institutions what they need to comply with regulatory requirements. This is a huge deal: institutions require this specific toolset to tokenize assets and bring them onchain while not losing control over the tokens on decentralized infrastructure, opening up asset classes to a new vertical of investors and unlocking further liquidity opportunities. 

What Is the ERC3643 Association?

Without standardization for compliant RWA tokenization, siloes will be recreated. The ERC3643 Association is a non-profit organization uniting industry leaders to promote the adoption of the ERC-3643 standard, eliminating tokenization silos. By fostering collaboration and innovation, the association seeks to create a more open, interoperable, and compliant financial landscape.

Inco is the missing layer of the blockchain stack, empowering smart contracts with confidentiality to unlock use cases and enable widespread Web3 adoption. We think that Inco can have a considerable positive impact on the development of the ERC3643 token standard through our membership of the ERC3643 Association, with the end goal of boosting onchain confidentiality for financial institutions who wish to tokenize assets without compromising on regulation and compliance requirements around confidentiality of assets.

Remi Gai, CEO of Inco, said: “Confidentiality is the next critical frontier in Web3 for institutions and enterprises accustomed to having basic privacy in their workflows. We are excited to contribute to the ERC3643 standard and actively drive the conversations that accelerate blockchain and digital asset adoption in capital markets.”

Dennis O’Connell, President of ERC3643 Association: “We’re excited to have Inco join the ERC-3643 Association! While ERC3643 ensures tokens are compliant and under control, privacy in transactions has been the last big hurdle for institutions to fully embrace tokenization. Inco brings the expertise to solve this challenge, and we’re already working together on projects to make it happen. These efforts will clear the path for institutions to confidently adopt onchain solutions and unlock the full potential of tokenization.”

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Interested in how you can leverage FHE to achieve your confidentiality use case? Contact us here.

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