At The Bridge conference, Nick Ducoff (Head of Institutional Growth) and Jon Wong (Head of Engineering) from the Solana Foundation showcased the evolution of token capabilities on the Solana blockchain with a deep dive into token extensions.
The Bridge Conference
Token Extensions on Solana: Live Demo (Presented by Solana Foundation) – Recorded at The Bridge
By Tyler Fleischer
December 17, 2024
Watch the full presentation here:
What Are Token Extensions?
Token extensions are an upgrade to Solana’s SPL token program, enabling developers to build highly customizable permissioned tokens with minimal smart contract development. Key features include:
- Whitelisted Tokens: Control who can hold, send, or receive tokens.
- Confidential Transfers: Mask sensitive transaction details while maintaining auditability.
- Securities Compliance: Integrate transfer hooks to enforce KYC, daily limits, or regulatory constraints.
Real-World Use Cases:
- PayPal USD: Built using token extensions for compliance and reduced risk.
- Interest-Bearing Tokens: Dynamically adjust yields while keeping token prices stable.
- Custom Controls: Use extensions for memos, fractional ownership, escrow, and more.
Why It Matters:
Token extensions unlock new possibilities for developers on Solana, combining permissioned capabilities with the performance and scale of a public blockchain. From stablecoins to real-world asset tokenization, Solana’s infrastructure supports innovative use cases with efficiency, security, and scalability.
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