October 6th 2026, 10:00 AM
Cardano Tightens Token Controls Amid Wall Street Scrutiny
Key Summary
Cardano has introduced a programmable-token standard that allows for issuer-controlled transfer rules, potentially broadening its appeal to institutional issuers. However, this feature may introduce new dependencies for wallets and DeFi applications, and could lead to complexities in tracking and managing assets.
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Proposed Regulation Introduction
Cardano has introduced CIP-113, a proposed regulation that aims to address concerns from Wall Street regarding the handling of bundled assets.New Requirements
Under the proposed rule, holders of bundled assets will need to provide authorization before the restricted token can be used.Permission Hooks
The regulation also introduces permission hooks, which will allow developers to restrict the token's usage further.While the new regulation may provide Wall Street with greater confidence in Cardano's ability to manage its assets, it could also limit the growth of decentralized finance (DeFi) on the platform.
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