09/07/2024
We are thrilled to announce the launch of the Conditional Transfers.
This feature enables highly customizable and secure transfer conditions with intermediate approvals from multiple parties. This feature is managed through the Conditional Transfer smart contract module, enhancing on-chain value.
The Conditional Transfers module allows issuers to define specific approval criteria and automate the management of transfer conditions. This feature ensures compliance and security for token transfers by requiring intermediate approvals in a specific order, from designated parties.
Benefits
- Enhanced Security and Compliance: Conditional transfers provide a robust framework for ensuring that token transfers comply with specific approval criteria, reducing the risk of unauthorized transactions.
- Automated On-Chain Management: All transfer conditions and approvals are managed on-chain, ensuring transparency and integrity.
- Customizable Approval Workflow: Issuers can define custom approval criteria and workflows, tailoring the process to their specific needs.
In our next release, version 1.38, issuers will be able to self-configure this transfer type directly from their servicing application.