The rules travel with the token.

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The rules travel with the token.

Metaplex, the company behind Solana's NFT standard, has launched MPL-3643, a token standard for permissioned real-world assets and tokenized securities on Solana. It follows the same idea as Ethereum's ERC-3643: compliance is part of the asset, not a layer around it.

What the press release says it does:

  • embeds customizable transfer restrictions, lock-up periods and jurisdiction limits directly into the asset
  • integrates with identity verification partners
  • builds on Token-2022, sRFC 37 and the Solana Attestation Service

Status: limited-access alpha. Orca, Raydium, Jupiter, Phantom and Solflare are named as launch integrations. Metaplex founder Stephen Hess: "To bring financial markets onchain, we need compliance infra without sacrificing Solana's composability."

Why it matters: regulated markets on Solana need rules that hold wherever a token moves. A standard that carries them in the token itself is a step in that direction.

SDA is a token on Solana's Token-2022 program, supervised under MiCA with FIN-FSA as competent authority, issued by a team in Helsinki/Finland.

Source: Metaplex press release
https://www.prnewswire.com/news-releases/metaplex-launches-mpl-3643-standard-for-permissioned-real-world-assets-and-tokenized-securities-on-solana-302895797.html

The rules travel with the token. | Ecency