---
title: Transfer Ownership
slug: signum/transfer-ownership
createdAt: 2023-03-24T16:05:21.000Z
---

With the introduction of [SIP-43](https://github.com/signum-network/SIPs/blob/master/SIP/sip-43.md), 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 <u>current</u> 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.&#x20;*

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

```json
{
  "account": "9341397273358970732",
  "accountRS": "TS-UDVE-CH67-PP7E-AHUA5",
  "issuer": "13112229684715917355",
  "issuerRS": "TS-863D-FNXF-WVPM-DZZXD",
  "publicKey": "f3951db4fe175492ef7d8db902f4c05f16d442319b82123bf424d918eb2a4526",
  "name": "Oship",
  "description": "Transfer the ownership",
  "decimals": 4,
  "mintable": true,
  "quantityQNT": "10000000",
  "quantityBurntQNT": "0",
  "asset": "9760735729951233798",
  "quantityCirculatingQNT": "215000000",
  "numberOfTrades": 0,
  "numberOfTransfers": 1,
  "numberOfAccounts": 3,
  "volumeQNT": "0",
  "priceHigh": "0",
  "priceLow": "0",
  "priceOpen": "0",
  "priceClose": "0",
  "requestProcessingTime": 105
}
```