Invented in 2021 by Joachim Lebrun, Tony Malghem, Kevin Thizy, Luc Falempin and Adam Boudjemaa, ERC-3643 sets a standard for identity registry, storage and compliance of tokens on regulated exchanges. According to Tokeny, over $28 billion of instruments have been tokenized via the ERC-3643 standard in over 180 jurisdictions.
Defactor Labs developers claim that over $30 million worth of Alpha Bonds has been transacted during its pilot testing, with $2 million going into project financing. Alejandro Gutierrez, CEO and co-founder of Defactor Labs, commented: “By leveraging the ERC3643 standard to tokenize $100 million worth of bonds, Defactor Labs aims to not only allow institutional investors to compliantly access DeFi, but also provide them with liquidity options in an open network."shortly after Chinese telecommunications conglomerate Huawei showcased the project on its social channels.
The bond, tokenized on the Polygon network ( $MATIC ), will be lent to small and medium-sized enterprises using real-world assets, such as receivables, as collateral.