ERC777 implementation – Advanced token standard for asset transfers
- Empowerment of operators with the ability to send tokens on behalf of other addresses.
- Setup of send/receive hooks to offer token holders more control over their tokens.
- Use of ER820(eips.ethereum.org/EIPS/eip-820) to notify contracts and regular addresses when they receive tokens.
- Backwards compatible with ERC20.
ERC1400 implementation – Partially fungible token standard
- Differentiated ownership / transparent restrictions.
- Controller operations (force transfer).
- On-chain restriction checking with error signalling, off-chain data injection for transfer restrictions and issuance / redemption semantics.
- Document management.
- Backwards compatible with ERC20 and ERC777.
Objective – Financial asset issuance & management
The current capital market still needs to overcome a few pain points:
- Today, it is cumbersome and costly to issue an asset.
- Once issued, the assets are mainly reserved for high-ticket investors.
- Finally, those asset are not easily tradable, which strongly limits the secondary market possibilities.
With the Dauriel Network, we want to tokenize the capital market to tackle those pain points. In the new system, we imagine:
- An asset issuance will be faster, simpler but also cheaper than today.
- This reduction of costs will allow us to onboard smaller ticket investors.
- Globally, the tokenization removes constraints for more liquid and frictionless asset transfers, while keeping a strong control over the market, thus liberating the secondary market.
