The new Ethereum Improvement Proposal (EIP) EIP-7540 aims to introduce asynchronous deposit and redemption processes as an extension of the existing ERC-4626 tokenized vault standard. ERC-4626 itself is a standard designed to introduce profitable vault parameters. These vaults are smart contract platforms that execute strategies and provide rewards to token depositors. Centrifuge contributor Asad Khan stated that EIP-7540 will ensure that asynchronous deposit and redemption processes are possible, and that this EIP has the potential to benefit protocols that handle real-world assets (RWA), cross-chain lending, and liquid staking. EIP-7540 is still in its early stages and must first be discussed on the Ethereum forum before moving on to the next stage.