ERC-7943 author says institutions can’t play DeFi’s ‘pirate game’

The article reports that ERC-7943 (uRWA) has reached the final EIP stage, aiming to standardize tokenized real-world assets (RWAs) on Ethereum by encoding identity, permissions and compliance metadata. Authors and industry figures say the new standard could ease interoperability across custodians, wallets and institutional platforms, helping banks and asset managers move regulated products onchain — but privacy, custody integration and fragmented proprietary systems remain obstacles. Tokenized RWAs have grown from about $6.4B at the start of 2025 to roughly $34B today, and major forecasts project dramatic expansion through 2028–2033. Market impact: if adopted, ERC-7943 could increase institutional activity and demand for Ethereum-based infrastructure while preserving headwinds from regulatory and privacy concerns that may slow near-term flow.