$Cardano (ADA.CC)$CIP-113 is a proposal within the Cardano e...

Programmable Assets: These are assets that can be programmed with specific rules and conditions, making them more versatile and secure.

Smart Accounts: Derived from users' stake credentials, these accounts ensure that tokens cannot leave the account without explicit transactions, enhancing security.

On-Chain Registry: This registry tracks programmable assets and user states, such as blacklists and whitelists, strengthening compliance and asset management.

Integration with Midnight: CIP-113 is designed to integrate with Midnight, Cardano's privacy-focused sidechain, emphasizing secure and compliant transactions2.

The proposal has been in development for over a year and is expected to be fully operational by Q1 20252. Early adopters like FluidTokens and MinswapDEX are already preparing for its implementation2.

CIP-113 aims to unlock new opportunities in decentralized finance (DeFi) and asset tokenization, positioning Cardano as a leader in tokenizing real-world assets