
Jakarta, Pintu News ā According to Coingape, the Pi Network could soon play an important role in the growing market of tokenized assets. This development involves Stellar , which recently joined ERC-3643.
This provides an opportunity for networks like Pi to participate in regulated and borderless asset markets.
The Stellar Development Foundation (SDF) recently announced its membership in the ERC-3643 Association. This could bring Real Words Assets (RWAs) tokenization to the Pi Network ecosystem thanks to Stellarās strong foundation.
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ERC-3643, created by Tokeny, is a blockchain system for āpermissioned tokensā. These tokens are digital assets with built-in rules to ensure compliance.
The rules ensure that only verified and approved participants can buy, own or trade these assets, which meet strict global regulations.
With SDF joining the ERC-3643 Association, they aim to improve the tokenization of RWAs on the Stellar network. One of the main goals is to encourage the use of RWAs by forging partnerships with asset issuers, institutions, and blockchain developers to include regulatory-compliant tokenized assets in the Stellar ecosystem.
In addition, SDF also wants to enable inter-chain interoperability between Stellar and Ethereum . This will ease the movement of regulatory-compliant tokenized assets between different blockchain networks, making regulated tokenized markets more accessible around the world.
āJoining the ERC-3643 Association reflects our belief that open standards, a strong compliance framework, and interoperability are critical to expanding the use of tokenized real-world assets,ā said Tomer Weller, CPO of the Stellar Development Foundation.
President of the Association, Dennis OāConnell, called Stellarās involvement a āsignificant milestoneā that aligns Stellarās fast and efficient transactions with the compliance framework already recognized by regulators, including the US SEC.
Pi Network, which is built on Stellar Core, can immediately capitalize on the push for regulatory-compliant RWA tokenization.
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Dr. Altcoin, a renowned Pi Network expert, revealed that this development paves the way for Pi to support tokenization of real-world assets. He also revealed that Pi co-founder Nicolas Kokkalis hinted at this years ago.
Pi can issue tokenized shares using the ERC-3643 framework on Stellar, ensuring that only verified investors can trade them.
In this way, the Pi ecosystem can facilitate regulated global trading of tokenized property, equity, or other assets without barriers.
This news comes after the upcoming release of Stellarās Protocol 23, which could provide updates to the Pi Network. One of the main benefits would be to allow the Pi Network to run dApps from the Pi AI App Studio on a fully decentralized framework. This could strengthen the Pi ecosystem, potentially impacting the long-term value of Pi Coin.
The combination of Stellarās ERC-3643 partnership and the upcoming Protocol 23 could be a positive factor for Pi Network.
If Pi developers capitalize on these capabilities, the project could evolve into a globally connected network that is regulated and supports real-world financial markets.
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