The HBAR Foundation has announced its membership in the ERC-3643 Association, marking a major step forward in real-world asset (RWA) tokenization efforts. The partnership aims to advance the adoption of the Token for Regulated Exchanges (T-REX) standard, which is expected to facilitate the tokenization of $32 billion in assets.
The ERC-3643 Association, whose founding members include Archax, Bitstamp, Polygon, and Apex, has developed an open-source framework of smart contracts designed to enable compliant token issuance and transfers. The system utilizes ONCHAINID, a decentralized identity system for managing regulatory-compliant assets.
"We're excited for The HBAR Foundation to join the ERC3643 Association, enabling us in our mission to accelerate institutional adoption of the Hedera network and on-chain finance as a whole," said Sabrina Tachdjian, Head of Fintech & Payments at The HBAR Foundation.
The association has recently welcomed several prominent members, including ABN AMRO Bank, Securely.ID, DTCC Digital Assets, and Synaps. The tokenization scope encompasses various assets, including private equity, securities, and green bonds.
Gregg Bell, Chief Business Officer at The HBAR Foundation, expressed optimism about the partnership's potential, stating that "2025 is going to be an exciting year." The foundation plans to leverage this collaboration to expand its DeFi initiatives and strengthen connections with institutional players.
The ERC-3643 Association, operating as a non-profit organization, brings together industry leaders to create a standardized framework for institutional market participants to bring real-world assets on-chain. Through this membership, Hedera aims to contribute to the development and growth of the T-REX standard while expanding its institutional connections.
The move represents a strategic alignment with the growing trend of traditional finance institutions exploring blockchain technology for asset tokenization, with major players like Citi Bank already showing interest in the framework.