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[MovementLabs Joins The ERC3643 Association, Extending The RWA Tokenization Standard To Non-EVM Ecosystems For The First Time] According To TechFlow, On October 22, According To Official News, Movement Labs, The Core Development Team Of The Move Virtual Machine Public Chain Movement Network, Announced That It Had Joined The ERC3643 Association. This Is The First Time That The ERC-3643 Standard Has Been Extended Beyond The Ethereum Virtual Machine (EVM) Ecosystem. ERC-3643 Is An Identity-based Permissioned Token Standard That Has Become The Industry Standard In The Field Of Physical Asset (RWA) Tokenization And Has Been Adopted By Institutions Such As Citibank And ABN AMRO. Movement Labs Co-founder Cooper Scanlon Said That RWA Tokenization Is One Of The Core Design Principles Of The Move Language, And Integrating The ERC-3643 Standard Is An Important Step In Realizing This Vision. Dennis O'Connell, Chairman Of The ERC3643 Association, Said That The Collaboration Demonstrated The Potential Of ERC-3643 To Become A Unified Standard Across Blockchain Environments. Movement Labs Has Previously Completed A $38 Million Series A Round Led By Polychain Capital, With Participation From Binance Labs, Hack VC, Placeholder, OKX Ventures And Archetype. The Team Is Developing The First Layer2 Solution Based On The Move Virtual Machine On Ethereum
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