The ERC-1462 Security Token standard, proposed by ATLANT is designed to be used for issuing security tokens, and has passed initial review phase as an Ethereum Improvement Proposal (EIP).

Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. The draft has been reviewed and merged into the EIP registry, and is now publicly available for community review at EIPS section of the Ethereum.org website.

ATLANT’s Motivation

There are several security token standards which have been proposed recently, however ATLANT team has concerns about most of these proposals. In our view issues stem mainly from the scope of each of the EIPs, which contain many project or market-specific details. Since many EIPs were designed and backed by for-profit companies, they capture niche requirements which are excessive for general use cases. Further explanations and rationale with examples and case studies are available in the original draft of the ERC-1462 standard.

ATLANT proposes an EIP which is simple, yet modular solution to creating base security tokens for the widest possible scope of applications. ERC-1462 is designed so that it may be used by issuers out of the box, or be built and improved upon. Other issuers are able to add further restrictions and policies to their tokens, using proposed functions and implementation, yet their creativity will not be limited in any way, while using ERC-1462.

We believe that a pragmatic approach is necessary to create a clear and concise general security token specification. Due to this approach, ATLANT’s proposed ERC-1462 draft has now become the first merged standard draft addressing the general case of Security Token utilization on the Ethereum blockchain. We continue collecting feedback from the community, as well as developing our own projects which leverage ERC-1462.

For further details, please visit the EIP-1462 page for ATLANT’s proposed security token standard in the EIPS section of the Ethereum.org website.

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