BNB Chain splits asset power across 4 roles while admins hold the key

BNB Chain’s Jenner testnet release advances a native-asset design that would give a governance-appointed administrator control over when new stablecoins and tokenized assets can be created.Issuers could have the code available on the network and still need a separate feature switch opened before launching a CAS20 token.The Oct. 16 v1.8.1 release schedules Jenner for BNB Smart Chain’s Chapel testnet on Oct. 29 at 02:30 UTC. An earlier announcement gives late-November mainnet guidance, with the exact time still unannounced.The proposed BEP-702 standard remains labeled Draft and covers the new CAS20 token family, while existing BEP-20 tokens would remain unaffected. Its architecture separates three questions: whether the network admits a feature, who can exercise a token’s powers, and which holders those powers may affect.CAS20 would put common token behavior into native chain logic, implemented as stateful precompiles. The same design gives network governance a role in making the infrastructure available, alongside the issuer’s control over the asset itself.Governance would control the openingUnder BEP-702, chain governance appoints the activation administrator through GovHub, BSC’s ...