# Axelar executes an InterchainTokenService contract migration

> The on-chain InterchainTokenService contract implementation changed to code ID 63 under the governance-administered migration path.

- URL: https://riadefi.com/on-chain/2026-05-15-axelar-interchain-token-service-code63-migration/
- Type: Upgrade or migration
- Stage: Executed
- Evidence: confirmed
- Materiality: material
- Event date: 2026-05-15
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Advisor-relevant: no
- Affects: Axelar (protocol)

## What happened

Axelar governance passed and executed proposal 470, migrating the identified InterchainTokenService contract to code ID 63.

## What changed

The on-chain InterchainTokenService contract implementation changed to code ID 63 under the governance-administered migration path.

## What did not change

The record did not establish a change to validator consensus, gateway thresholds, custody of existing tokens, or token-service economics, and it did not characterize the code-level behavior changed by code ID 63.

## Confirmed

- Proposal 470 reached passed status on May 15, 2026.
- The proposal contained one MsgMigrateContract action.
- The target contract was migrated to code ID 63.
- Live contract information reports code ID 63 for the proposal's target.

## Still open

- The complete code diff and security rationale for code ID 63.
- Audit coverage and pre-deployment testing for the new implementation.
- Whether supported token integrations required user or issuer action.
- Post-migration operating results and any incidents or compatibility problems.

## What it means for an advisor

- Review Axelar's InterchainTokenService implementation and audit evidence before relying on an affected token route.
- Verify the deployed contract and integration-specific configuration for any contemplated exposure.
- The migration is operative but is not evidence that Axelar became safer or that any new route is approved.

## Sources

1. [Migrate InterchainTokenService contract](https://axelarscan.io/proposal/470) · Axelar on-chain governance · 2026-05-15


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.