Cardano Launches CIP-0113 Programmable Token Standard on Mainnet
Key Facts
The Cardano network has officially launched the CIP-0113 programmable token standard on its mainnet. TokenPost reported that the new standard allows issuers of stablecoins and tokenized funds to embed compliance rules directly into digital assets, enhancing the network's institutional utility.
The upgrade aims to enable automated regulatory compliance and rule enforcement within the token's smart contract layer. This move is designed to improve Cardano's appeal to institutional finance by allowing for programmable oversight and control over digital assets as the industry trends toward asset tokenization.
Latest Updates · 2
- Notable·
Update: The new CIP-0113 standard introduces technical features that allow asset issuers to freeze tokens or execute forced transfers when necessary. These functions operate programmatically within the asset layer without requiring a Cardano network hard fork, streamlining institutional responses to urgent legal or regulatory requirements.
- Notable·
Update: The new standard grants asset issuers the technical capability to freeze, seize, and restrict digital assets. These powers are intended to ensure strict compliance with international sanctions and identity verification controls directly on-chain.