Update ERC-1450: Move to Draft

[devender-startengine]

This EIP introduces a token standard for regulated security tokens that require compliance with SEC regulations (Reg CF, Reg D, Reg A+). The standard enforces Registered Transfer Agent (RTA) exclusive control over all token operations.

Based on operational experience from $1B+ in compliant securities offerings.

Discussion: https://ethereum-magicians.org/t/erc-1450-rta-controlled-security-token-standard/26385 Reference Implementation: https://github.com/StartEngine/erc1450-reference

Key features:

• RTA-exclusive control over all token operations
• Transfer request system with compliance workflow
• Multi-sig security through RTAProxy pattern
• 63 comprehensive tests in reference implementation

This is a revival and modernization of the original ERC-1450 proposed in 2018.

[eip-review-bot]

File ERCS/erc-1450.md

Requires 1 more reviewers from @johnshiple Requires 1 more reviewers from @g11tech, @samwilsn, @xinbenlv

[devender-startengine]

Author Approval Status

@g11tech @SamWilsn @xinbenlv

John Shiple (@johnshiple) was the original author of EIP-1450 in October 2018 when he worked at StartEngine on the LDGR token project. He has since left the company and we've been unable to reach him despite attempts through multiple channels.

This PR represents StartEngine's continuation of our own 2018 work. The current team includes the other listed authors who are actively maintaining this specification:

• Howard Marks (@howardmarks)
• Devender Gollapally (@devender-startengine)
• Joe Mathews (@se-joe)
• Jordan Jahja (@jordan-jahja)
• David Zhang (@david-colab)

All CI checks are passing and the specification is ready for review. How should we proceed given that one original author is unreachable?

Note: This is effectively StartEngine reviving our own standard from 2018, not a third party modifying someone else's work.

[github-actions[bot]]

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