1st May – Selected members of the ERC3643 association, together with Tokeny, LayerZero, Fasanara Capital, and ABN AMRO, have launched a cross-chain Delivery-vs-Payment (DvP) solution for regulated tokenized assets. The solution enables atomic settlement between ERC-3643-based security tokens and cash-equivalent tokens across the Polygon and Base networks.
Initiated within the non-profit ERC3643 Association, the solution demonstrates how on-chain securities and cash-equivalent tokens can be securely settled across two blockchains, without requiring counterparties to bridge assets across chains. This removes a major friction point and addresses the institutional need to operate the cash and security legs on separate networks.
The system showcases a concrete and real-time proof of concept use case: Fasanara issued ERC-3643-based security tokens on Polygon using Tokeny’s onchain finance platform, while ABN AMRO issued cash tokens on Base. A decentralized application (dApp), developed by Labrys, orchestrates the cross-chain DvP process using LayerZero’s messaging infrastructure.
This use case demonstrated that the ERC-3643-based security tokens and payment tokens can be exchanged across chains with real-time settlement.