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Alvara Protocol, the decentralized platform enhancing fund management infrastructure, today announced the official launch of its public mainnet, marking its implementation of the ERC-7621 basket token standard in a live production environment . This milestone enables anyone to create, manage, and trade tokenized investment baskets with unprecedented composability and liquidity, fundamentally differentiating Alvara from traditional basket solutions. http://www.alvara.xyz
Unlike conventional basket solutions that rely on proprietary architectures or unrecognized token standards, Alvara’s implementation of ERC-7621 delivers a standardized, Ethereum Foundation-recognized framework that ensures seamless integration across the DeFi ecosystem. This standardization is critical for institutional adoption and cross-protocol composability.
Key Differentiators:
“Other basket solutions in the market are essentially closed systems – they create siloed products that don’t interoperate with the broader DeFi ecosystem,” said Dominic Ryder, Co-founder of Alvara Protocol. “With our mainnet launch, we’re proving that ERC-7621 isn’t just a standard on paper- it’s a production-ready framework that delivers what the industry actually needs: composable, transparent, and truly decentralized fund management infrastructure.”
The mainnet launch includes:
While experimental standards like ERC-404 have captured attention, ERC-7621’s formal recognition by the Ethereum Foundation and its focus on fund management use cases position it as the definitive standard for tokenized baskets. The protocol’s architecture solves critical problems that plague existing solutions: lack of composability, liquidity fragmentation, opaque fee structures, and limited interoperability.
“We’re not just launching another basket product – we’re activating a new standard that the entire ecosystem can build upon,” Ryder continued. “That’s the fundamental difference. ERC-7621 creates network effects that benefit everyone: managers get better tools, investors get more transparency, and the entire DeFi ecosystem gains a new primitive for innovation.”
Alvara Protocol’s mainnet is live and accessible now at bskt.alvara.xyz. Developers interested in building on ERC-7621 can access comprehensive documentation and integration guides on the platform.
For real-time updates, follow Alvara Protocol on X (Twitter) and join the community on Telegram.
Alvara Protocol is building the decentralized infrastructure for the future of basket management. By leveraging the ERC-7621 standard, Alvara eliminates traditional barriers to entry and creates a transparent, accessible, and composable ecosystem where anyone can create, manage, and invest in tokenized baskets. The protocol represents a paradigm shift from centralized, opaque fund management to open, permissionless financial infrastructure.
