Designed with input from issuers, securities law firms, and exchanges.
The EIP is open for comment here.
ERC-1404 in the Wild
Plugins
ERC-1404 Compatible Wordpress Plugin
Quickstart Guides
Elixxir ERC-1404 Quickstart Guide
Books
Security Tokens and Stablecoins by Weimin Sun, Xun (Brian) Wu, Angela Kwok
Regulatory Working Group Support
Capital Markets and Technology Association (CMTA), based in Switzerland.
SEC Filings
Digital Innovative Ltd. F-4 Filing
Arca US Treasury Fund N-2 Filing
Educational
Community Deployments
Enforcing FINRA Rule 3220 at Fidelity Investments
Chatter
Video Walkthroughs
SF Cryptocurrency Devs Presentation on ERC-1404, Harbor R-Token, and Polymath ST-20
ERC-1404 and How Open-Source Standards will Accelerate Security Token Adoption
Blog
ERC-1404 Articles
Read more about ERC-1404, its features and benefits at our Medium blog.
605 Days Later: How ArCoins Got the SEC Go-Ahead as an Ethereum-Traded Treasurys Fund
Features
Know Your Token Holders
Know who your token holders are at all times and maintain a whitelist of investor addresses. From re-running sanctions checks to requiring accredited investors only, the simple restricted token standard helps token issuers manage their compliance requirements.
Enforce Complex Restrictions
Enforce complex transfer restrictions. Such as:
- A preventative poison pill provision, to restrict the maximum ownership of a single individual or entity.
- The ability to prevent token holders in a single jurisdiction to trade with token holders in another jurisdiction.
- The ability for the issuer to revoke a token if necessary.
Support for Branded Standards
Integrate one standard for global adoption while meeting your compliance requirements. Supports branded standards like Polymath’s ST-20 or Harbor’s R-Token. See examples here.
Commonly Implemented Features
- Ability to Revoke and Reassign
- Ability to Create Multiple Lists
- Ability to Freeze a Token
- Ability to Approve or Reject a Transaction
Commonly Implemented Roles
| Role | Example Entity | Actions |
|---|---|---|
| Owner | Issuer | Assign / Revoke Admin + Everything Below |
| Administrator | Transfer Agent or Trading Venue | Authorize, Freeze, Revoke, Reassign |
| Investor | Individual or Entity | Send and Receive |
Built With The Ecosystem In Mind
Issuers
If you’re seeking to issue a security token, ERC-1404 provides all the tools you need to follow your counsel’s guidance with respect to compliance requirements.
Exchanges
This standard was designed with significant input from the major exchanges to be interoperable across exchanges and easy to integrate on any stack. If this standard does not meet your needs, please open up a Github issue here.
Legal Counsel or Compliance Teams
It may be challenging to navigate transfer restrictions in the open source world of blockchain. ERC-1404 provides the tools necessary for your issuers to comply with the applicable domestic and international regulatory requirements.
Development Sponsors
