According to TechFlow, Aptos Labs announced the launch of the token to alternative asset migration function on the mainnet. The new standard AIP-63 is designed to replace the old token standard and provide smoother minting, transfer and customization functions.

Developers need to upgrade smart contracts and update the off-chain UI balance display logic. Aptos calls on ecosystem members to test the new standard as soon as possible, and will achieve automatic migration from CoinStore<CoinType> to PrimaryFungibleStore in the future.