Pi Network (PI) has just made huge strides towards manifesting its real-world utility promises via Real World Assets (RWA). Based on Stellar’s (XLM) chain, Pi Network runs on a modified version of the Stellar Consensus Protocol (SCP). So, while Pi Network (PI) itself is not a hard fork of Stellar’s Layer-1 blockchain, Stellar Foundation’s ERC-3643 entrance means a lot.
Tokenized Stock Coming To Stellar & Pi Network
Originally developed by Tokeny, the ERC-3643 standard is an open source framework to issue permissioned crypto tokens on publicly-available blockchains. Meeting the regulatory compliance requirements for Real World Assets (RWAs), this is supposed to drive the adoption of digital tokenization across all compliant assets, including Pi Network’s own Pi Coin (PI).
A good example of this is tokenized company stock, when a firm issues its shares as ERC-3643 tokens on Stellar (XLM). This allows only verified, regulatory-compliant investors to trade these tokens, setting up a safe environment for institutional investors. With a focus on cross-chain transfers for compliant digital assets, Stellar seeks to provide ERC-3643 powered RWA tools.
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Amidst the news, Pi Coin’s (PI) price stumbled upon a roadblock to slide below $0.40. Dipping 2.2% in the latest 24-hour window, the mobile mining altcoin is trading at $0.38, just 14.7% above its all-time low. Namely, the anti-record was hit 9 days ago, distancing Pi Coin over 87% down from its record high price of $2.99, inked one week into the mainnet’s launch back in February.
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Pi Network is preparing to integrate Real-World Assets (RWAs), like tokenized real estate or commodities, into its blockchain, aiming to enhance its ecosystem by enabling users to trade or interact with tangible assets digitally.
Stellar’s adoption of ERC3643, a standard for tokenized assets, aligns with Pi’s RWA goals. Since Pi uses a modified Stellar Consensus Protocol (SCP), this could streamline Pi’s RWA integration via compatible standards.
Pi Network uses a customized version of Stellar Core and SCP for its blockchain, benefiting from Stellar’s efficient, scalable consensus model. This supports Pi’s mobile-first, trust-based ecosystem while enabling RWA advancements.
Surely, successful RWA integration could boost Pi’s utility and demand, potentially increasing its price (currently ~$0.465-$0.499). However, challenges like mainnet delays or low exchange listings may limit impact.
Stay informed through trusted crypto news platforms such as Ciphera, which provides detailed coverage on Pi Network’s developments, Stellar’s ERC3643 adoption, and their implications for RWAs.
