Overview and Benefits
An evolution in Ethereum token standards
The Universal Token is a unique Ethereum standard designed to power a much wider range of use cases than existing token standards. It supports both centralized and decentralized finance use cases, and is able to represent any asset or payment instrument on the Ethereum blockchain. It is compatible with popular Ethereum standards including fungible, non-fungible, and hybrid tokens standards.
Institutions can retain full control of the assets they issue. This is essential in order to keep track of token holder identities, to prevent blocklisted actors from accessing certain assets, and to ensure transfers are always compliant.
In the future, should institutions choose to interact with DeFi protocols, they will be able to either remove or decentralize token controls and benefit from the composability of DeFi networks.
Use case versatility
Enterprises and developers are empowered to issue any type of asset or payment instrument on the Ethereum blockchain, be it a DeFi derivative, loan or mortgage, a retail or wholesale CBDC, an invoice or warehouse receipt, any type of financial instrument, or even collectible, or gaming asset.