1/ The future of tokenization is now: Introducing token extensions, ready-to-use advanced token functionality on Solana. Token extensions empower developers to rapidly build customized token experiences & designed to meet business compliance needs.🧵

2/ Token extensions provide flexible, secure tooling for digital & real-world assets on the high-throughput, low cost Solana blockchain. They unlock new capabilities for businesses & developers that, in some cases, were previously not possible on public blockchains. Press:

3/ Today, there are over a dozen token extensions at the program level unlocking new use-cases, such as: 🪙Building a better stablecoin 🎮Leveling up game assets 🏛️Governance for real-world asset (RWA) issuance & more.

4/ In total, the 13 token extensions include: - Confidential Transfers - Transfer Fees - Transfer Hooks - Permanent Delegate Authority - Metadata - Metadata Pointer - Default Account State - Non-transferability - Mint Close Authority - Immutable Owner - Interest Bearing Tokens - Required Memo on Transfer - CPI Guard Plus, some token extensions can be combined. Full documentation:

5/ Token extensions have been comprehensively audited by @osec_io, @HalbornSecurity, @zellic_io, @trailofbits, & @NCCGroupplc 🔐 While their capabilities are advanced, implementation is straightforward, ensuring you can focus on building new use cases.

6/ @solana_devs, ready to dive in and start building?🛠️ Check out the Solana Bytes video series: Learn how token extensions can reduce your engineering time & get started👇

7/ Token extensions are already seeing adoption across the ecosystem. - @GMOTrust announced it will release GYEN & GUSD on Solana - @Paxos expanded stablecoin issuance to Solana - @phantom, @solflare_wallet, @FluxbeamDEX, & more support token extensions

8/ Built with compliance & flexibility in mind, token extensions are ready for your institutional and business needs — today. Easily issue onchain assets with the speed & low costs of the Solana blockchain. Learn more👇

9/ Token extensions reduce the amount of engineering work your team needs to do, so you can focus on bringing your product to one of the world’s most popular and scalable public blockchains. It’s time to change what’s possible with blockchain.

Love this announcement 💜 Love Token Extensions 💜 Love Solana 💜

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