Ownerless tokens
An ownerless token is an existing token registered for crosschain use under an ownerless connection. Ownerless tokens are intended for community assets without an active issuer. Connections start ownerless. At registration, no owner or operator can be set on the resultingTokenManager. Circle can assume operatorship or ownership later
in special circumstances.
Ownerless connections have no rate limits or maximum transfer amount by default.
Circle can add controls only if the bridged token reaches a meaningful total
value locked (TVL) threshold and has a reliable price oracle.
On the home blockchain the TokenManager uses LOCK_UNLOCK. On remote
blockchains, CCTP for non-USDC deploys a wrapped CrossChainToken and the
TokenManager uses NATIVE_CROSSCHAIN_TOKEN, which uses mint and burn.
Custom tokens
A custom token is registered by a developer who keeps full control of the crosschain connection. The deployer sets the owner and operator at registration, configures rate limits and max transfer amount, and holds the pauser role. Circle cannot assume control of a custom-registered connection. Custom tokens are intended for issuer-controlled assets, for example, fiat-backed stablecoins and RWAs. The issuer choosesBURN_MINT or LOCK_UNLOCK for the source blockchain’s
TokenManager. Remote blockchains always use BURN_MINT. If you use
LOCK_UNLOCK, apply it on only one blockchain—using it on multiple source
blockchains causes transfer errors when assets route between more than two
blockchains. The issuer grants the local TokenManager the minter role on
tokens using BURN_MINT. The per-token denylist (layer 2) applies only to
protocol-deployed CrossChainTokens. A pre-existing ERC-20 registered as custom
BURN_MINT relies on its own denylist plus the service-level layer.
Comparison
Choosing a model
The two models exist to support two distinct integration shapes:- Choose ownerless when you don’t own or operate the underlying token and want to bridge an unmanaged asset without taking on bridge governance. Ownerless connections run on default parameters and stay ownerless unless Circle assumes control to respond to a security incident or protocol-level change.
- Choose custom when you issue the token (or otherwise have authority to
manage it) and want to make your token crosschain with full, unilateral
control over rate limits, pause, and upgrades. Custom connections give you
authority that Circle cannot override. The per-token denylist is available
when you deploy a
CrossChainToken; existing ERC-20 custom registrations rely on your token’s own controls plus the service denylist.