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Update ERC-3643: Move to Last Call
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Joachim-Lebrun authored Nov 14, 2023
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9 changes: 8 additions & 1 deletion ERCS/erc-3643.md
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Expand Up @@ -4,7 +4,8 @@ title: T-REX - Token for Regulated EXchanges
description: An institutional grade security token contract that provides interfaces for the management and compliant transfer of security tokens.
author: Joachim Lebrun (@Joachim-Lebrun), Tony Malghem (@TonyMalghem), Kevin Thizy (@Nakasar), Luc Falempin (@lfalempin), Adam Boudjemaa (@Aboudjem)
discussions-to: https://ethereum-magicians.org/t/eip-3643-proposition-of-the-t-rex-token-standard-for-securities/6844
status: Review
status: Last Call
last-call-deadline: 2023-11-20
type: Standards Track
category: ERC
created: 2021-07-09
Expand Down Expand Up @@ -391,6 +392,12 @@ The T-REX standard provides a comprehensive framework for managing the lifecycle

The T-REX standard supports the implementation of additional compliance rules through modular compliance. These modules can be used to enforce a wide range of rules and restrictions, such as caps on the number of investors or the percentage of tokens held by a single investor, restrictions on transfers between certain types of investors, and more. This flexibility allows issuers to tailor the compliance rules of their tokens to their specific needs and regulatory environment.

### Inclusion of Agent-Related Functions

The inclusion of Agent-scoped functions within the standard interfaces is deliberate. The intent is to accommodate secure and adaptable token management practices that surpass the capabilities of EOA management. We envision scenarios where the agent role is fulfilled by automated systems or smart contracts, capable of programmatically executing operational functions like minting, burning, and freezing in response to specified criteria or regulatory triggers. For example, a smart contract might automatically burn tokens to align with redemption requests in an open-ended fund, or freeze tokens associated with wallets engaged in fraudulent activities.

Consequently, these functions are standardized to provide a uniform interface for various automated systems interacting with different ERC-3643 tokens, allowing for standardized tooling and interfaces that work across the entire ecosystem. This approach ensures that ERC-3643 remains flexible, future-proof, and capable of supporting a wide array of operational models.

## Backwards Compatibility

T-REX tokens should be backwards compatible with ERC-20 and ERC-173
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