Tokeny, the leading tokenization platform and major contributor to the ERC3643 standard, recently announced that the latest version of its T-REX implementation received a perfect 10/10 security score from Web3 auditor Hacken.

The ERC3643 is an open-source blockchain protocol for permissioned tokens, providing a comprehensive framework for token issuers to enforce compliance and control, making it the most suitable standard for tokenization of real-world assets and financial instruments.

More than $28B of assets around the world have been tokenized using the protocol, including open-ended funds, alternative funds, asset-backed securities, debt, real estate, equity, trade finance, with much more in the pipeline.

ERC3643’s built-in decentralised identity framework, ONCHAINID, provides a reliable way to ensure compliance by verifying the identity of token holders via verifiable credentials, allowing users to retain full custody of their assets within a compliant environment. The ONCHAINID standard also received a perfect 10/10 security score from Hacken’s audit.

This achievement furthers the growth of the tokenization ecosystem by instiling confidence in asset owners who want to tokenize their assets in a secure and compliant way.