Introduction to Algorand Standard Assets (ASAs)
The Algorand protocol supports the creation of on-chain assets that benefit from the same security, compatibility, speed, and ease of use as the Algo. These assets are officially called Algorand Standard Assets (ASAs). ASAs enable a wide range of use cases, from fungible assets like stablecoins and loyalty points to non-fungible assets (NFTs) such as real estate deeds or collectibles.
Key Features of ASAs:
- Fungible Assets: Represent interchangeable tokens (e.g., stablecoins, in-game points).
- Non-Fungible Assets (NFTs): Represent unique items (e.g., digital art, supply chain parts).
- Transfer Restrictions: Support for compliance and regulatory requirements via ABI_CODEC functionality.
👉 Learn more about ASA use cases
How Algorand Standard Assets Work
Asset Parameters
When creating an ASA, you define parameters that determine its behavior. These parameters fall into two categories:
Immutable Parameters (Set During Creation):
- Creator (Required)
- AssetName (Recommended)
- UnitName (Recommended)
- Total (Required)
- Decimals (Required)
- DefaultFrozen (Required)
- URL (Optional)
- MetaDataHash (Optional)
Mutable Parameters (Adjustable Later):
- Manager Address: Authorizes reconfiguration or destruction of the asset.
- Reserve Address: Holds non-minted assets.
- Freeze Address: Can freeze/unfreeze asset holdings.
- Clawback Address: Allows revocation of assets.
Quick Start Videos
Prefer visual learning? Watch this 7-minute guide to understand ASA fundamentals.
Creating and Managing ASAs
Step 1: Creating an Asset
Transaction Authorizer: Any account with sufficient Algo balance.
const txn = algosdk.makeAssetCreateTxnWithSuggestedParamsFromObject({
from: creator.addr,
assetName: "Really Useful Gift",
unitName: "rug",
total: 1000,
decimals: 0,
defaultFrozen: false,
manager: creator.addr,
freeze: creator.addr,
clawback: creator.addr,
reserve: creator.addr,
assetURL: "http://path/to/my/asset/details"
});
Step 2: Modifying an Asset
Authorized by: Asset Manager Account.
Only the manager can update mutable parameters (e.g., changing the freeze address).
txn = transaction.AssetConfigTxn(
sender=acct1.address,
manager=acct1.address,
freeze=acct1.address,
clawback=acct1.address,
strict_empty_address_check=False
)
Step 3: Receiving an Asset
Before an account can receive an ASA, it must opt-in by sending a 0-amount transfer to itself.
Transaction optInTxn = Transaction.AssetAcceptTransactionBuilder()
.sender(acct.getAddress())
.assetIndex(asaId)
.build();
Advanced ASA Functions
Freezing an Asset
Authorized by: Freeze Address.
txn, err := transaction.MakeAssetFreezeTxn(
creatorAddr,
nil,
sp,
assetID,
targetAddr,
true // Set freeze state
);
Revoking an Asset (Clawback)
Authorized by: Clawback Address.
clawback_txn = transaction.AssetTransferTxn(
sender=acct1.address,
receiver=acct1.address,
amt=1,
index=created_asset,
revocation_target=acct2.address
);
Destroying an Asset
Authorized by: Manager Address.
const deleteTxn = algosdk.makeAssetDestroyTxnWithSuggestedParamsFromObject({
from: manager.addr,
assetIndex
});
Retrieving Asset Information
Use the Algorand SDKs or goal
CLI to fetch ASA details:
goal asset info --creator [ADDRESS] --asset [ID] -d ~/node/data
FAQs About Algorand Standard Assets
Q1: What’s the difference between fungible and non-fungible ASAs?
- Fungible ASAs: Interchangeable (e.g., stablecoins).
- Non-Fungible ASAs: Unique (e.g., NFTs).
Q2: How do I opt out of an ASA?
Send an asset transfer with closeRemainderTo
set to the creator or another eligible account.
Q3: Can I change an ASA’s total supply after creation?
No. The Total
parameter is immutable.
Q4: What happens if I set the clawback address to ""?
The clawback feature is permanently disabled for that ASA.
Q5: Are there limits to how many ASAs one account can create?
No. Previous limits (1,000) were removed post-AVM 1.1.
Conclusion
Algorand Standard Assets offer unparalleled flexibility for tokenization, compliance, and digital ownership. Whether you’re launching a stablecoin or an NFT collection, ASAs provide the tools to build securely and efficiently.
Ready to create your first ASA? Start with the Algorand Developer Portal today!