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1. Tokenized Assets & Services

Providing users to generate the debt on-chain with compliance
One of the ways that composability manifests on the Ethereum network is through token standards. A token standard is a piece of code that makes all tokens of a particular kind conform to an API template. Token standards allow any improvement(s) to be tied to existing infrastructure. In short, they make the build-up of new ideas and adding value possible in a distributed system.
The most basic token standards are ERC-20 tokens. They constitute the vast majority of tokens today including fiat-backed stablecoins. There are ERC-721 tokens known mainly as Non-Fungible Tokens (or NFTs). They represent unique digital rights ownership of works like collectible arts.
There are also ERC-1155 tokens that combine properties of both ERC-20 and ERC-721 tokens, creating unique properties for the gaming industry. The ERC-4626 is a new addition for yield farming and aggregation, while the rarely-used ERC-777 token standard enables developers to attach code when transacted.
Each token type brought about by a new Ethereum Improvement Proposal (EIP) — along with its core protocol specifications, APIs, and a contract standard — makes the Ethereum network more sophisticated. Each new standard comes with more functionality as well as increased value.
In a growing decentralised finance (DeFi) sector, with more capital flowing into this developing concept of financial technology built on blockchain, one of the key traditional finance (TradFi) products that are yet to be replicated in the decentralised space are bonds.