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Draftby Canton Foundation

CIP-0091: NFT and Unique Asset Standard

Overview

CIP-0091 proposes a standard for non-fungible and unique assets on the Canton Network. While CIP-56 covers fungible tokens, CIP-0091 addresses tokenized securities, real estate titles, and other unique digital assets that require individual identity and metadata. The standard includes support for fractional ownership, transfer restrictions, metadata schemas, and integration with CIP-0061 KYC requirements for regulated assets.

Impact on Canton Network

As Canton expands beyond fungible tokens into tokenized real-world assets, a unique asset standard becomes essential. CIP-0091 would enable institutional tokenization of securities, real estate, and other non-fungible assets on Canton.

About Canton Network Governance

Canton Improvement Proposals (CIPs) are the formal mechanism for suggesting changes to the Canton Network protocol, standards, and ecosystem processes. Each CIP goes through a lifecycle from Draft to Proposed to Active or Implemented, with community review and validator consensus required for adoption.

The CIP process ensures that protocol changes are carefully considered, widely reviewed, and transparently documented. This governance framework is essential for maintaining Canton's position as the leading institutional blockchain, where predictability and stability are paramount.

Frequently Asked Questions

What is CIP-0091?

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CIP-0091 is a draft standard for non-fungible and unique assets on Canton, covering tokenized securities, real estate, and other assets that need individual identity and compliance features.

Does Canton support NFTs?

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CIP-0091 is in draft status and would establish the formal standard for unique assets on Canton. Current institutional tokenization use cases are being explored under this proposal.