BNB Chain Splits Asset Power Across Four Roles in Jenner Testnet Release
BNB Chain advances its native-asset design with the Jenner testnet release, separating control between governance and token issuers.
BNB Chain Splits Asset Power Across Four Roles in Jenner Testnet Release
BNB Chain advances its native-asset design with the Jenner testnet release, separating control between governance and token issuers.
BNB Chain Introduces New Native-Asset Design
BNB Chain has announced its Jenner testnet release, which advances a native-asset design giving a governance-appointed administrator control over the creation of new stablecoins and tokenized assets according to CryptoSlate. Issuers can have code available on the network while still requiring a separate feature switch to open before launching a CAS20 token.
The v1.8.1 release schedules Jenner for BNB Smart Chain's Chapel testnet on October 29, 2026, at 02:30 UTC. An earlier announcement provided late-November mainnet guidance with the exact time remaining unannounced.
Architecture Separates Network Governance and Issuers
The proposed BEP-702 standard remains labeled Draft and covers the new CAS20 token family, leaving existing BEP-20 tokens unaffected. Its architecture separates whether the network admits a feature, who can exercise a token's powers, and which holders those powers may affect.
Under BEP-702, chain governance appoints the activation administrator through GovHub, which is BSC's governance forwarding contract. The administrator then makes separate calls to activate or deactivate features, ensuring only GovHub can change the administrator and only the stored, nonzero administrator can operate the switches.
Broader Industry Developments in Multi-Chain Infrastructure
In other infrastructure developments, JPMorgan expanded the reach of its JPM Coin by making the token available to institutional clients on the Ethereum mainnet as reported by CoinDesk. This follows the initial launch of the token on the Coinbase-linked layer-2 network Base in November 2025.
Meanwhile, security firm Hacken reported that its third-quarter crypto hack total rose to $1.18 billion while losses implied by access-control and operational figures fell about 30%. The crypto security firm's disclosure points to ongoing shifts in smart contract risks across the digital asset ecosystem.
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