Market News / Story
Cardano Adopts CIP-0113 Token Standard, Letting Issuers Freeze or Seize Regulated Assets
Bloomingbit ·
Bloomingbit reports: Cardano has introduced a new token standard that allows issuers of regulated assets such as stablecoins, funds and bonds to directly set the conditions for holding and transferring tokens. CoinDesk reported on October 7 that the Cardano Foundation formally implemented Cardano Improvement Proposal CIP-0113 on the network after an independent security audit. CIP-0113 is designed so the network checks rules set by issuers each time a token moves. Issuers can restrict which…