Cardano (ADA) is moving deeper into institutional infrastructure after CIP-113 was merged into the main Cardano Improvement Proposal repository.
The Cardano Foundation confirmed on September 29 that CIP-113 had been merged into the main CIP repository, completing the proposal process.
Notably, the standard introduces programmable token-like assets that can enforce rules such as KYC allowlists, denylists, freezes, transfer limits, and jurisdiction requirements on-chain.
The milestone does not mean CIP-113 is already widely deployed or that institutions are using programmable tokens at scale. Implementation and adoption remain next.
For context, CIP-113 addresses limitations of conventional Cardano native tokens. Existing assets can have minting rules, but those rules do not automatically govern every transfer after issuance.
 
Programmable assets can add validation logic to transfers. An issuer could therefore establish conditions that must be satisfied before a transaction is accepted.
That could be useful for regulated securities, stablecoins and real-world assets (RWAs), where compliance requirements can form part of how an asset is transferred.
Charles Hoskinson has also discussed the broader direction of blockchain-based financial infrastructure.
In a September 15 video, Hoskinson said blockchain could have “ushered in a revolution for real-world assets” while discussing digital securities and industry standards.
He also discussed making “KYC, AML, and anti-terrorist financing” requirements compatible with smart contracts. Hoskinson suggested zero-knowledge technology could help satisfy compliance requirements without exposing all sensitive information on-chain.
His comments did not specifically refer to CIP-113. However, they address several of the same challenges that programmable assets are designed to handle.
Cardano’s institutional push is developing alongside efforts to expand its DeFi ecosystem with Bitcoin liquidity.
Meanwhile, in a September 13 video, Hoskinson discussed Pogun, a project designed to mirror Bitcoin into Cardano. He said this could create substantial total value locked and increase stablecoin activity.
“We’re going to take big chunks of Bitcoin, mirror them into Cardano, which instantly creates a lot of TVL,” Hoskinson said.
Notably, while Pogun could bring Bitcoin liquidity into Cardano’s DeFi ecosystem, CIP-113 could provide programmable compliance controls for regulated assets built around that liquidity.
He also described Bitcoin-backed assets being used in lending and stablecoin markets, potentially allowing BTC holders to seek returns without selling their Bitcoin.
Cardano’s institutional infrastructure is also expanding through Fireblocks. Last week, the Cardano Foundation announced that Fireblocks, an enterprise platform securing $16 trillion in digital asset transactions will fully support Cardano Native Tokens, allowing users to custody, send and receive CNTs through its existing security and policy infrastructure.
The support is expected by March 2027 and will cover assets using Cardano’s CIP-26 and CIP-68 standards.
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