Stellar community will vote on Protocol 13, a network upgrade enabling exchanges and asset issuers to enforce fine-grained control over regulated asset trading, including preventing unauthorized purchases while preserving existing orders and supporting security token compliance.
Stellar node operators will vote this week on Protocol 13, a major network upgrade designed to give exchanges and regulated asset issuers greater control over on-chain trading. The update introduces fine-grained authorization functions allowing entities to set specific conditions for each asset, such as preventing purchases until investors file SEC disclosures or limiting holdings to specific percentages. Additional features include multiplexed accounts for custodial services to manage sub-accounts and a fee bump function to cover user transaction costs. The upgrade aims to simplify security token operations and regulatory compliance on Stellar, following recent investments in security token platforms and emerging regulatory frameworks in jurisdictions like Mauritius.