Today the Solana Foundation unveiled a set of token extensions that aim to add out-of-the-box blockchain functionality that would appeal to enterprises. Rather than having to write a custom smart contract for a token such as a bond, it’s possible to select modular token extensions to support functionality such as compliance, confidentiality and even interest on the public blockchain.
“The Solana network is the blockchain of choice for enterprise-grade companies looking to enter the web3 space,” said Sheraz Shere, Head of Payments at the Solana Foundation.
“Companies like Visa, Worldpay, Stripe, Google, and Shopify have already seen the performance advantages inherent to the Solana network and have launched solutions and applications that are only possible on Solana. With token extensions, we are expanding what is possible for enterprise adoption of blockchain by natively enabling features that matter to large regulated enterprises.”
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