TokenFi Analysis: How ERC-3643 is Reshaping RWA Tokenization

TokenFi: Compliant Infrastructure for Real-World Asset Tokenization

In May 2025, TokenFi, part of the Floki ecosystem, launched the world’s first no-code RWA tokenization platform, onboarding $3.7 billion worth of assets on-chain on its first day. These included real estate, corporate bonds, and AI hardware. By integrating the ERC-3643 standard with multi-chain deployment, TokenFi is bringing trillion-dollar traditional assets from institutions like BlackRock and MultiBank Group onto the blockchain. This innovation marks the transition of tokenization technology from experimentation to large-scale application.

This market insight explores TokenFi’s no-code tokenization platform based on the ERC-3643 standard, analyzing its technical architecture and market impact on the compliant on-chain transformation of real estate, bonds, and other real-world assets.

Technical Architecture: ERC-3643 and No-Code Design

TokenFi’s core breakthrough lies in embedding compliance logic directly into the token protocol. Its technical architecture is built on two pillars: the ERC-3643 standard and a no-code interface.

As an upgraded security token protocol, ERC-3643 allows issuers to predefine investor regional restrictions, holding limits, and KYC rules in smart contracts. For example, a real estate fund can specify “Only EU-certified investors may purchase, and individual holdings cannot exceed 5%.” These rules are enforced automatically on-chain without human intervention.

The no-code interface simplifies token creation through drag-and-drop panels, enabling users with no programming skills to configure parameters. The system deploys smart contracts in a single transaction, reducing on-chain asset costs to $200 and shortening issuance time to 15 minutes—90% more efficient than traditional solutions. The platform supports Ethereum, Polygon, and other EVM-compatible chains, allowing users to select chains according to regulatory needs. For example, U.S. Treasury tokens are often deployed on Ethereum to comply with SEC frameworks, while emerging market real estate projects prefer Polygon to reduce gas costs.

Market Performance: From $3B Real Estate to AI Hardware Tokenization

TokenFi’s early adopters have demonstrated its commercial value. For instance, it helped MultiBank Group tokenize $3 billion of commercial real estate in Dubai, allowing investors to earn rental income through tokens with an annual dividend rate of 6.2%.

Another innovative case involves the Floki Minibot M1 production line being tokenized into 50,000 NFTs, whose holders share 35% of equipment rental income. The first-week trading volume reached $12 million. The platform’s TVL has exceeded $820 million, with 62% composed of tokenized U.S. Treasuries and corporate bonds. The average daily trading volume is $180 million, and cross-chain transfers take just 12 seconds.

These figures confirm the urgent demand for compliant tokenization solutions among institutions. Asset managers like BlackRock and Fidelity are testing TokenFi’s enterprise-grade tools, targeting over $10 billion in processed assets this year. Collaborations with Fireblocks and Circle further enhance custody transparency, with daily on-chain proof of reserves generated at an error rate below 0.0001%.

Compliance Competitiveness: KYC and Dynamic Rules Engine

TokenFi ensures global regulatory compatibility through a three-tier mechanism:

• ONCHAINID identity system requires investors to complete KYC via Coinfirm, generating an on-chain identity contract where token ownership is tied to identity rather than wallet.

• Issuers can dynamically adjust rules such as investment thresholds and lock-up periods. For example, during the Russia-Ukraine conflict, an Eastern European real estate fund instantly added a “ban Russian IP addresses” clause.

• Over 20 regulatory templates pre-set for MiCA (EU), MAS (Singapore), etc., allowing compliance officers to apply them with one click.

However, this mechanism also imposes limitations. Differences in securities definitions across regions such as the U.S. and the U.K. mean some tokens cannot be traded cross-border, resulting in the loss of roughly 30% of the potential market. Additionally, ERC-3643’s core module is not fully open-source, with an audit coverage rate of 83%. In 2024, similar protocols averaged 1.2 attacks per year.

Risk Warning: Smart Contracts and Regulatory Uncertainty

Despite its bright prospects, TokenFi faces several challenges:

Technical risks

focus on unaudited modules and cross-chain delays. For example, syncing multi-chain assets can lag by up to 15 minutes, potentially impacting arbitrage efficiency.

Policy uncertainty

The U.S. SEC is reviewing the definition of security tokens. If ERC-3643 tokens are classified as securities, a compliance framework overhaul may be required.

Overreliance on Floki

Currently, 80% of TokenFi’s TVL comes from Floki ecosystem projects, and its independent customer acquisition capability remains unproven. Investors can use JuCoin’s on-chain monitoring tools to track token contract security and fund flows in real time.

The Future Battlefield of RWA Tokenization

TokenFi’s practice reveals three key industry trends:

1. Compliance-as-a-Service may become the de facto standard for RWA tokenization, with the asset scale expected to exceed $12 trillion by 2030.

2. Asset fractionalization—by splitting large assets into small-denomination tokens, liquidity premiums in sectors like real estate could drop by 40%.

3. Cross-chain interoperability—enables the same asset to be traded on both compliance chains and high-liquidity chains, balancing regulation and efficiency.

For average investors, attention should be focused on the transparency of the underlying asset and the adjustability of token rules. If a token’s on-chain proof of reserves updates less than once per week or if compliance rules haven’t been modified in three months, potential risks may be looming.