CMTA Releases Functional Specification for CMTAT on Solana
The Capital Markets and Technology Association (CMTA) has published the functional specification of the CMTAT on Solana. The publication provides a complete set of guidelines for deploying a CMTAT-compliant security token on the Solana blockchain, a high-performance Layer 1 optimized for finance and internet capital markets.
The CMTA Standard Token for Securities (CMTAT), is an open, blockchain-agnostic framework which defines the minimum and optional functionalities required for digital representations of financial instruments, including equities, debt, structured products, and other transferable securities, or for issuing stablecoins. The newly released specification explains how these functionalities can be implemented using Solana’s tooling, including the Solana Program Library (SPL) and the Token-2022 Program, the extension-enabled successor to the original SPL Token program.
The extension of CMTAT to Solana significantly expands the implementation choices available to institutions, platforms, and developers participating in the growing tokenization ecosystem. Solana, known for its high throughput, deterministic finality, and low-latency execution, is increasingly recognized as a leading infrastructure layer for financial applications and internet capital markets. Bringing CMTAT to Solana expands the options to issue compliant tokenized securities using the CMTAT framework. Implementations of CMTAT are also on Ethereum and Tezos.
The new specification provides a detailed mapping of CMTAT’s core and optional features, such as transfer and balance management, freeze and pause controls, metadata requirements, forced transfers, and whitelist functionality, to corresponding Solana capabilities.
Beyond the conceptual mapping, the publication offers step-by-step deployment guidelines, sample commands, and technical explanations to help developers build fully compliant tokens. This includes the creation of mint accounts, initialization of metadata, freezing and unfreezing token accounts, pausing and resuming activity, burning tokens, executing forced transfers, and ultimately deactivating and closing the mint, actions that mirror real-world operational processes such as issuance, corporate actions, and lifecycle management.
With institutional interest in tokenized assets accelerating, the availability of CMTAT on Solana represents an important step in providing standardised, open-source tools to develop standards-based digital markets across multiple blockchains.
The full CMTAT Solana Specification is now available for download in PDF format, and the GitHub repository can be explored at:
