Cardano Foundation Join CMTA After Dem Recognize CIP-0113

Di Cardano Foundation announce on October 29 say dem don join di Capital Markets and Technology Association (CMTA), one Swiss association wey focus on blockchain standards for capital markets. CMTA welcome di Foundation as new member. Di announcement follow CMTA October 7 decision to recognize Cardano CIP-0113 implementation as equivalent to CMTAT under im Tokenized Shares certification scheme.

CMTA Welcome Cardano Foundation as Member

CMTA and di Foundation talk say dem go work together to push standards for regulated securities tokenization. Di membership carry di Foundation enter one association wey dey develop frameworks for how to use blockchain inside capital markets.

Di announcements no identify any specific securities issuance, issuer, or new deployment wey go come from di membership.

CIP-0113 Add Compliance Rules to Cardano Tokens

CIP-0113, we people also sabi as Programmable Asset Tokens, allow issuers to attach compliance rules to native Cardano assets. Dis fit limit transfers to verified holders, freeze assets, or apply other controls wey tokenized securities require. Di Cardano ledger dey check di rules during transfers, minting, and burning.

CMTAT na CMTA blockchain-agnostic framework for tokenized financial instruments. CMTA Expert Committee find say di Cardano CMTA smart contract get di functions wey di framework require for equity securities. Under di certification scheme, issuers fit use am instead of di CMTAT reference implementation for tokenized shares.

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Recognition Cover Shares, With Deployment Conditions

Di recognition apply to di contract implementation. E no automatically certify every token or issuer, and e no be regulatory approval. CMTA decision cover tokenized shares, but e no cover im tokenized debt certification scheme or Cardano underlying base-layer infrastructure.

Each deployment still need to meet di conditions inside di decision. Dis include recording di tokenization terms on-chain, identify di token by name and ticker, represent shares as whole units, and record di Cardano infrastructure version wey dem take check di implementation.