Developer Aryeh Greenberg submitted pull request #2034, a draft proposal extending ERC-7984 to enable issuer enforcement on confidential real-world asset balances.
The unmerged proposal, formally named VOSA-RWA (Compliance-Gated Privacy Token for Real World Assets), defines a token interface that maintains transaction confidentiality while granting issuers specific control powers. Its core mechanic is an access-restricted forced transfer function—allowing RWA issuers to initiate transfers on hidden balances to satisfy traditional finance compliance and regulatory mandates.
The standard builds on existing Ethereum primitives: pERC-20 (Private ERC-20), EIP-712, and ERC-5564, which collectively provide the privacy and control infrastructure.
The proposal targets institutional deployment constraints. On-chain RWA issuers consistently demand robust compliance controls—AML and KYC screening, permissioned asset management—alongside the efficiency gains of decentralized settlement. VOSA-RWA attempts to reconcile issuer enforcement with confidentiality by preserving both: hidden balances for privacy, explicit issuer intervention rights for regulatory oversight.
As an unmerged pull request, #2034 remains under Ethereum developer review and subject to revision before potential adoption as an Ethereum Improvement Proposal.
