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Key Takeaways
- CIP-0113 is live for issuers creating new programmable tokens.
- Rules can cover eligibility, transfers, freezes and authorised third-party actions.
- ADA and existing Cardano tokens stay outside the framework.
- Each issuer decides which controls, if any, its token carries.
- Holders need to understand those controls before accepting or buying a token.
On October 7, the Cardano Foundation announced that its CIP-0113 programmable-token standard had gone live on mainnet. It is designed for stablecoins, funds, bonds and similar assets whose issuers may need to define who can hold, receive or transfer them.
One network can now host tokens with different transfer rights
ADA moves when its holder authorises a valid transaction. A token created through CIP-0113 can require an additional check before ownership changes. The Cardano ledger applies that token’s rules whenever it is transferred, mint...
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