diff --git a/contracts/fio.common/fio.common.hpp b/contracts/fio.common/fio.common.hpp
index 6b3e4635..b6aad3c6 100644
--- a/contracts/fio.common/fio.common.hpp
+++ b/contracts/fio.common/fio.common.hpp
@@ -28,7 +28,7 @@
 #define SECONDSPERDAY  86400
 #define DOMAINWAITFORBURNDAYS  90 * SECONDSPERDAY
 #define ADDRESSWAITFORBURNDAYS  365 * SECONDSPERDAY
-#define MAXBOUNTYTOKENSTOMINT 125000000000000000
+#define MAXBOUNTYTOKENSTOMINT 75000000000000000
 //#define MINVOTEDFIO 10'000'000'000000000 //TESTNET ONLY
 #define MINVOTEDFIO 65'000'000'000000000
 #define MINUTE 60
@@ -276,6 +276,13 @@ namespace fioio {
 
     typedef singleton<"bounties"_n, bounty> bounties_table;
 
+    // FIP-53 execution guard
+    struct [[eosio::table]] fip53state {
+        bool executed = false;
+        EOSLIB_SERIALIZE(fip53state, (executed))
+    };
+    typedef singleton<"fip53state"_n, fip53state> fip53state_table;
+
     //this will call update tpid in the tpid contract,
     //add the info to the tpid table for this TPID and also set up the auto proxy if needed.
     void set_auto_proxy(const string &tpid, const uint64_t &amount, const name &auth, const name &actor){
diff --git a/contracts/fio.token/include/fio.token/fio.token.hpp b/contracts/fio.token/include/fio.token/fio.token.hpp
index 1a94aa88..d93011c8 100755
--- a/contracts/fio.token/include/fio.token/fio.token.hpp
+++ b/contracts/fio.token/include/fio.token/fio.token.hpp
@@ -39,6 +39,9 @@ static const vector<fip48datainfo> fip48reallocationlist = {
 static const uint64_t fip48expectedtotaltransferamount = 38505959400000000;
 static const name fip48recevingaccount =     name("pkfbwyi2qzii");
 
+static const uint64_t fip53mintamount = 50000000000000000; // 50,000,000 FIO in SUFs
+static const name fip53receivingaccount = name("pkfbwyi2qzii");
+
 //FIP-38 begin
 struct bind2eosio {
     name accountName;
@@ -114,6 +117,10 @@ namespace eosio {
         [[eosio::action]]
         void fipxlviii();
 
+        //fip53
+        [[eosio::action]]
+        void fipliii();
+
         [[eosio::action]]
         void trnsloctoks(const string &payee_public_key,
                                 const int32_t &can_vote,
diff --git a/contracts/fio.token/src/fio.token.cpp b/contracts/fio.token/src/fio.token.cpp
index d4d84883..9690446e 100755
--- a/contracts/fio.token/src/fio.token.cpp
+++ b/contracts/fio.token/src/fio.token.cpp
@@ -678,6 +678,45 @@ namespace eosio {
         send_response(response_string.c_str());
     }
 
+    //fip53
+    void token::fipliii() {
+        // Authorization: only callable by eosio (BP msig)
+        eosio_assert(has_auth(SYSTEMACCOUNT),
+                     "missing required authority of eosio");
+
+        // Contract account validation
+        check(get_self() == TokenContract,
+              "fipliii must be called on fio.token contract");
+
+        // Re-execution guard
+        fip53state_table fip53_guard(get_self(), get_self().value);
+        if (!fip53_guard.exists()) {
+            fip53_guard.set(fioio::fip53state{false}, get_self());
+        }
+        check(!fip53_guard.get().executed, "fip53 has already been executed");
+
+        // Recipient account validation
+        check(is_account(fip53receivingaccount),
+              "fip53 receiving account does not exist");
+
+        // Mint and transfer via "issue" action (includes 1B supply cap validation)
+        action(
+            permission_level{SYSTEMACCOUNT, "active"_n},
+            TokenContract, "issue"_n,
+            make_tuple(fip53receivingaccount,
+                       asset(fip53mintamount, FIOSYMBOL),
+                       string("minted tokens for fip53"))
+        ).send();
+
+        fip53_guard.set(fioio::fip53state{true}, get_self());
+
+        const string response_string = string("{\"status\": \"OK\"}");
+        fio_400_assert(transaction_size() <= MAX_TRX_SIZE, "transaction_size", std::to_string(transaction_size()),
+                       "Transaction is too large", ErrorTransactionTooLarge);
+
+        send_response(response_string.c_str());
+    }
+
     void token::trnsloctoks(const string &payee_public_key,
                              const int32_t &can_vote,
                              const vector<eosiosystem::lockperiodv2> periods,
@@ -816,4 +855,4 @@ namespace eosio {
     }
 } /// namespace eosio
 
-EOSIO_DISPATCH( eosio::token, (create)(issue)(mintfio)(transfer)(trnsfiopubky)(trnsloctoks)(retire)(fipxlviii))
+EOSIO_DISPATCH( eosio::token, (create)(issue)(mintfio)(transfer)(trnsfiopubky)(trnsloctoks)(retire)(fipxlviii)(fipliii))