Glossary - ChicksX

ERC-884 is an Ethereum token standard for representing shares in Delaware corporations, ensuring compliance with U.S. securities laws.

ERC-884 is a token standard on the Ethereum blockchain designed to represent shares in Delaware corporations. It facilitates compliance with U.S. securities regulations by incorporating features like identity verification, transfer restrictions, and shareholder limits. The standard requires that each token represents a single share and includes necessary data about the shareholder. This ensures only verified and compliant transactions occur. ERC-884 helps traditional companies transition to blockchain technology while maintaining adherence to legal requirements. It enables secure and transparent share management on a decentralized ledger, bridging traditional finance and blockchain innovations.