ERC-1400 is a standard for tokens on the Ethereum blockchain that provides a set of rules and behaviors for security tokens. This standard was proposed in response to the need for a more structured and regulated framework for security tokens. ERC-1400 tokens are designed to facilitate compliance with regulations such as Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
One key feature of ERC-1400 tokens is the ability to enforce restrictions on token transfers. This means that issuers can impose conditions on who can hold or transfer their tokens. This can be useful for ensuring compliance with regulatory requirements or for implementing specific business rules.
Another important aspect of ERC-1400 tokens is the ability to customize token properties. This allows issuers to define different types of tokens with specific attributes, such as voting rights, dividend payments, or conversion features.
In summary, ERC-1400 is a standard for security tokens on the Ethereum blockchain that aims to provide a more structured framework for compliance and customization.
