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From the link


We thank the K team who defined the KEVM semantics (see technical report, too) and verified smart contracts for ERC20 compliance. It is their effort that inevitably led to the quest for a formal specification of ERC20. In particular, we would like to thank Philip Daian for brainstorming and help with understanding the corner cases of ERC20.
We also warmly thank IOHK not only for their generous funding support of both KEVM and IELE, but also for the stimulating technical discussions we had with their research team. Discussions about IELE and about the planned separation between the settlement and the computational layers in Cardano, in particular, led to the question of whether the ERC20 specification can be defined in a more abstract way that makes it usable in combination with computational layers different from EVM.