Cardano’s latest move isn’t just an ordinary token standard. $ADA
CIP-0113 is now live on mainnet, allowing issuers to add rules to tokens, such as KYC requirements, restrictions on sanctioned addresses, and freezing. In other words, a tokenized fund, bond, or even stablecoin could have compliance requirements written directly into the asset itself.
More interestingly, there’s already a real-world use case:
Veridian, a subsidiary of the Cardano Foundation, has tokenized its shares on Cardano using CIP-0113.
This is a crucial step for RWAs. Until now, the idea was to “move” real-world assets onto the blockchain.
Now, it’s becoming about bringing the regulatory rules of the real world onto the blockchain, too.
If banks, funds, and securities issuers move on-chain at scale in the future, this kind of infrastructure could matter more than simply speculating on an RWA-themed coin.
CIP-0113 is now live on mainnet, allowing issuers to add rules to tokens, such as KYC requirements, restrictions on sanctioned addresses, and freezing. In other words, a tokenized fund, bond, or even stablecoin could have compliance requirements written directly into the asset itself.
More interestingly, there’s already a real-world use case:
Veridian, a subsidiary of the Cardano Foundation, has tokenized its shares on Cardano using CIP-0113.
This is a crucial step for RWAs. Until now, the idea was to “move” real-world assets onto the blockchain.
Now, it’s becoming about bringing the regulatory rules of the real world onto the blockchain, too.
If banks, funds, and securities issuers move on-chain at scale in the future, this kind of infrastructure could matter more than simply speculating on an RWA-themed coin.