BEP-20 Tokenization Standard

The BEP-20 tokenization standard is utilized to enable the transfer of BNB Smart Chain tokens (previously Binance Smart Chain) operating on the BNB Smart Chain. BEP-20 addresses closely resemble their Ethereum ERC-20 address counterparts, facilitating interoperability between BNB Smart Chain tokens and the Ethereum network. This important feature allows for the transfer of tokenized assets and data between Ethereum, BNB Smart Chain, BNB Beacon Chain, and potentially other blockchain protocols like Cardano and Polkadot, thereby advancing blockchain protocol interoperability.