Reminiscing moments from SmartCon 2025, @RedoudouM joined leaders from @ERC3643Org, @OpenZeppelin and @lfdecentralized to explore how open standards are shaping institutional adoption in Web3.
A few takeaways from the session 🧵
2/ The discussion opened with the idea that shared standards solve collective action problems.
Just as ISO 2022 helped the financial industry align on a shared message format, open blockchain standards give institutions a common language to build on.
3/ @RealDennisO, President of @ERC3643Org, explained how it is approved for securities use in more than 23 jurisdictions and highlighted in the SEC Project Crypto Innovation Exemption.
ERC3643 integrates with @chainlink for automated compliance, pricing, NAV and on chain identity.
It's designed for regulated assets that require specific controls.
4/ @johndneufeld from @OpenZeppelin highlighted that open source infrastructure increases resilience.
Their code is public, tested at scale and used across the industry.
According to John Neufeld, the top ten RWAs by market cap and eight of the top ten stablecoins use OpenZeppelin implementations for security, modularity and interoperability.
5/ @RedoudouM explained that EEA focuses on translating Ethereum’s technical work into frameworks institutions can understand and apply.
He noted that more than 700 members and about 160 L2s collaborate in EEA working groups on topics such as faster finality, faster withdrawals, privacy approaches and liquidity access.
6/ Karen Ottoni emphasized the importance of neutral and open governance - @lfdecentralized supports standards and open source projects such as Trust over IP, Hyperledger and Besu.
Besu is used in major institutional projects including Brazil’s DREX initiative, DTCC’s AppChain, Citi Token Services and HSBC’s tokenization work.
7/ There was a shared takeaway - fragmentation will continue as innovation grows, but open standards and open collaboration allow the ecosystem to stay interoperable and enterprise ready.
Open frameworks are the path to adoption.
A big thank you to @chainlink for leading the effort to bring these voices together!
1.28K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.