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Signum Basics
Smart Tokens

Transfer Ownership

1min

With the introduction of SIP-43, it is possible to transfer the ownership of an existing smart token from the current owner to a new owner with one transaction.

After the transaction has at least one confirmation on the chain, the smart token owner will change to the new owner.

Only the current owner can execute the following functions on a smart token:

  • Mint token
  • Set Treasury-Accounts
  • Set new owner

The minted tokens will always be added to the current owner account of the smart token. The original creator of a smart token is named the issuer.

Example of a smart token with an issuer and a current different owner:

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