Cardano’s Programmable Token Standard Goes Live With Built-In KYC and Freeze Controls
By Unchained
AI summary of the source article
The Cardano Foundation announced at TOKEN2049 that programmable token standard CIP-0113 is live on Cardano's mainnet. Developed with community experts and independently audited, the standard requires no hard fork and operates natively on Cardano's extended UTXO model. CIP-0113 allows issuers of stablecoins, bonds, and tokenized funds to embed regulatory rules—such as KYC/AML verification, sanctions screening, and freeze powers—directly into tokens, with the ledger enforcing them. Furthermore, the Swiss Capital Markets and Technology Association confirmed that CIP-0113 tokens are equivalent to its CMTAT smart contract for certifying ledger-based equity securities.
Why it matters
The launch provides institutional issuers such as banks and fund managers with native, ledger-enforced compliance tools to issue regulated tokenized assets on Cardano.
Key facts
- CIP-0113 is live on Cardano mainnet without requiring a hard fork, allowing ledger-enforced KYC, AML, and asset freeze controls.
- The Swiss Capital Markets and Technology Association treats CIP-0113 tokens as equivalent to its CMTAT smart contract for certifying ledger-based equity securities.
- The standard is built on Cardano's EUTXO ledger model and is supported by Eternl, GeroWallet, CardanoScan, and BloxBean.