Cardano Launches CIP-0113 Standard for Regulated Assets

The Cardano Foundation has launched CIP-0113, a new token standard designed to let issuers of regulated stablecoins, funds, and bonds restrict recipients and freeze, seize, or transfer holdings under specified rules. According to CoinDesk, the standard enforces compliance checks on every transfer—including identity and sanctions screening—without requiring a hard fork of the Cardano network.

Most crypto tokens can be freely sent by any holder to any wallet. However, banks and fund managers putting regulated assets on-chain must keep tokens away from unverified buyers and sanctioned addresses, while maintaining the ability to freeze assets under regulatory or court orders. The new standard builds these controls directly into the token via a shared smart contract on Cardano.

Implementation and Support

Issuers can select existing sets of rules or customize their own, updating them as regulations change. The Cardano Foundation noted that wallets Eternl and GeroWallet, blockchain explorer CardanoScan, and developer-tool provider BloxBean are among the tools supporting the launch. The standard also received recognition under the certification framework of the Capital Markets and Technology Association, a Swiss industry body.

Similar permissioned token standards exist on other blockchains, such as Ethereum's ERC-3643, transfer controls on Solana, and restriction features on the XRP Ledger. The technical specification warns that holding these tokens may involve accepting powers where authorized parties can move funds without the holder's consent, requiring lending services to examine these conditions before accepting them as collateral.

Key facts

• The Cardano Foundation launched CIP-0113 following independent security audits.
• The standard allows token issuers to freeze, seize, and restrict asset transfers.
• Compliance checks such as identity and sanctions screening are enforced on every transfer without a hard fork.
• Supported infrastructure at launch includes Eternl, GeroWallet, CardanoScan, and BloxBean.