Kula's Six ERC Proposals Aim to Standardise the $36 Billion RWA Market

By Lidia Yadlos

The tokenised real-world asset market has grown into a $36 billion industry, but much of the infrastructure behind it still operates in isolation. Assets issued in one jurisdiction often cannot be verified or exchanged seamlessly in another, leaving developers and institutions to build custom integrations for every new platform.

Kula wants to change that.

The regulated real-world asset platform has submitted six new Ethereum Request for Comment (ERC) proposals, numbered ERC-8325 through ERC-8330, that introduce common standards for ownership records, legal documents, compliance, valuations and impact reporting. The proposals have advanced to the final stage of Ethereum's review process.

If approved, the standards would extend Ethereum's existing framework with specifications built specifically for tokenised real-world assets.

A Missing Layer for RWAs

ERC-20 transformed cryptocurrencies by giving wallets, exchanges and smart contracts a common way to interact with tokens. Kula believes real-world assets now need the same shared infrastructure.

Although countries including Dubai, Switzerland and Germany have launched regulated tokenisation frameworks, each market has developed its own technical approach. Dubai has tokenised property title deeds, Switzerland supports regulated issuance and trading through ERC-3643, while Germany has established a BaFin-supervised framework for blockchain securities.

Those systems work independently, but they do not speak the same language. That means institutions operating across multiple jurisdictions often need to rebuild verification and compliance processes before assets can move between platforms.

Kula specialises in title tokenisation, where a blockchain token represents legal ownership of an underlying asset rather than acting as a receipt backed by a traditional custodian.

"When we talk about institutional adoption of tokenised real-world assets, the question is never whether the technology can do it – it can," said Chris Turner, Co-Founder of Kula.

"The question is whether two counterparties in different jurisdictions can look at the same asset and trust what they see without rebuilding the verification stack from scratch. Right now the answer is no, and that's the ceiling. These standards are designed to raise it."

Six Standards, Six Functions

The proposals are designed to extend existing Ethereum standards rather than replace them. Each ERC can be adopted independently or alongside frameworks such as ERC-3643 and ERC-7943, giving developers a common way to handle functions that have largely been built from scratch across today's tokenised real-world asset platforms.

• ERC-8325 defines a verifiable, registry-scoped link between a token and an anchor record representing a claim about an off-chain asset;
• ERC-8326 enables parties to verify that retrieved documents correspond to a canonical document commitment recorded on-chain;
• ERC-8327 introduces jurisdiction-by-jurisdiction transfer compliance to Ethereum, a capability absent from every current ERC standard;
• ERC-8328 creates a structured, queryable on-chain record of compliance events across an asset's full lifecycle;
• ERC-8329 standardises how impact data is recorded and verified on-chain;
• ERC-8330 defines a common interface for on-chain asset valuation reporting. Currently, every project builds this from scratch.

Open Source From Day One

Kula has released all six proposals under the Creative Commons Zero (CC0) licence, allowing developers to adopt and build on the standards without restrictions.

The proposals were introduced through the Ethereum Magicians community, where the company is working with tokenisation projects, compliance providers and Ethereum developers as the review process continues.

The work is based on Turner's 2026 paper, Where Authority Resides: A Completion-Based Taxonomy of Tokenisation, which explores the distinction between contractual tokenisation and title tokenisation.

For Kula, the goal is straightforward. Tokenised assets already exist across multiple jurisdictions. The company believes they now need a common framework that lets those systems recognise, verify and exchange trusted data without starting from scratch every time.

Published on KULA

Kula's Six ERC Proposals Aim to Standardise the $36 Billion RWA Market