What is BEP-20 Tokenization Standard?

BEP-20 is the tokenization standard used to facilitate transfer of BNB Smart Chain tokens (previously Binance Smart Chain) operating on the BNB Smart Chain. BEP-20 addresses are nearly identical to their Ethereum ERC-20 address counterparts, meaning that BNB Smart Chain tokens are interoperable with the Ethereum network. This is an important feature that allows for the transfer of tokenized assets and other data between Ethereum, BNB Smart Chain, BNB Beacon Chain, and potentially other blockchain protocols like Cardano and Polkadot, furthering blockchain protocol interoperability.