Posted 1/24/2024, 2:00:00 PM
Solana Unveils Token Extensions to Bolster Compliance and Controls for Token Developers
- Solana launched "token extensions" upgrade allowing more programmability and compliance controls for token developers
- New features include transfer hooks, fees, confidential transfers, permanent issuer control, non-transferability
- Aims to enhance compliance and regulatory options for businesses building tokens
- Stablecoin issuers Paxos and GMO Trust utilizing token extensions
- Gives token issuers "optionality to comply within a changing regulatory environment"