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Cardano advances CIP-113, enabling issuer-controlled token transfers
The proposed standard, merged Sept. 29, is still labeled Proposed, and would need further issuance for preview and mainnet along with widely adopted wallet support.
Cardano has merged CIP-113 into its main improvement proposal repository, outlining a programmable-token standard intended to add issuer-controlled transfer rules for native assets while preserving Cardano’s eUTXO model, according to CryptoSlate.
Under the proposal, separating bundled assets would require holder authorization, with the restricted token’s permission hook used to govern transfers. CryptoSlate reports this approach could let a freeze on one asset temporarily block unrelated tokens held in the same transaction output.
The Cardano Foundation is positioning programmable tokens as infrastructure for regulated financial assets, including stablecoins, securities, and real-world assets that may require compliance controls such as freezes and transfer restrictions. CryptoSlate notes the milestone could also create new dependencies for wallets and DeFi applications when multiple assets share the same output.
However, CIP-113 is not fully active yet. CryptoSlate reports the proposal page still lists it as Proposed, meaning it would require issuance on Preview and mainnet, end-to-end testing, and support from a widely adopted wallet before becoming operational.