At the TOKEN2049 conference in Singapore, Cardano Foundation announced the launch of the CIP-0113 standard for regulated stablecoins, funds, bonds, and other tokenized assets. The standard is now available, has passed independent security audits, and did not require a network hard fork.
KYC/AML and Sanctions Filters at the Token Level
Issuers will be able to embed KYC/AML checks, sanctions restrictions, and block transfers to certain addresses directly into tokens.
Freezing, Seizure, and Transfers Without Owner Consent
Assets can be frozen, seized, or transferred without the owner's consent if such powers are specified in the token's rules.
Automatic Enforcement and Rule Updates
Rules are automatically enforced during transfers, issuance, and burning of tokens, and issuers can update them as regulations change.
