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.
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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 work alongside existing Ethereum standards such as ERC-3643 and ERC-7943. Rather than introducing another token standard, Kula is filling gaps that developers still solve with custom code every time they launch a tokenised asset.
The six ERCs cover:
ERC-8325 — Creates a verifiable link between a token and the off-chain asset it represents.
ERC-8326 — Verifies that legal documents match the version recorded on-chain.
ERC-8327 — Introduces jurisdiction-specific transfer compliance to Ethereum.
ERC-8328 — Records compliance events throughout an asset's lifecycle.
ERC-8329 — Standardises how impact data is recorded and verified.
ERC-8330 — Defines a common interface for reporting on-chain asset valuations.
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.
Reporting by Lidia Yadlos
