ATLANT, the tokenized real estate platform, has published a proposed Security Token Standard based on Ethereum (ERC-1462). The proposed extendable Base Security Token standard is available for Ethereum community review

The new proposed Security Token standard from ATLANT, ERC-1462, is an EIP (Ethereum Improvement Proposal) to be merged into Ethereum. ERC-1462 is a general security token implementation, upon which any compliant security tokens can be built.

Technically, the Base Security Token is an extension to the ERC-20 standard token that provides compliance capabilities with securities regulations and associated legal requirements, while also being fully backward compatible with the ERC-20 standard. This essentially means that any ERC-1462 token is automatically supported by exchanges, wallets and other apps that support ERC-20 tokens, which includes most popular exchanges and wallets.

ATLANT intends to apply the ERC-1462 Base Security Token standard to all Property Tokens created on the ATLANT platform. Please feel free to contact us if you are interested in this new token standard and/or in issuing your own security tokens with ATLANT.

ERC-1462 is currently being reviewed and discussed with maintainers of Ethereum EIPs as a part of the required procedure, prior to be merged into the main EIPs repository. The discussion is available at https://ethereum-magicians.org/t/erc-1462-base-security-token/1501

Being a minimal security token extension, ERC-1462 is already implemented with its source code available on ATLANT’s GitHub: https://github.com/AtlantPlatform/BaseSecurityToken

Pull request into the official Ethereum EIPs repository is available at https://github.com/ethereum/EIPs/pull/1462

ABOUT ATLANT

ATLANT is a revolutionary global real estate platform enabling tokenization of real estate ownership and P2P rentals. The rapidly growing ATLANT team is both distributed and global. For additional details please visit https://atlant.io