diff --git a/app/upgrades/v300/constants.go b/app/upgrades/v300/constants.go
index afb13b632..a97a83207 100644
--- a/app/upgrades/v300/constants.go
+++ b/app/upgrades/v300/constants.go
@@ -16,5 +16,8 @@ var (
 	// the portion of a chain's total stake can be liquid
 	GlobalLiquidStakingCap = sdk.MustNewDecFromStr("0.25") // 25%
 
+	// BeaconContractAddress is the address of the beacon contract
+	BeaconContractAddress = ""
+
 	allowMessages = []string{"*"}
 )
diff --git a/app/upgrades/v300/upgrades.go b/app/upgrades/v300/upgrades.go
index 736542743..0cfe2faf8 100644
--- a/app/upgrades/v300/upgrades.go
+++ b/app/upgrades/v300/upgrades.go
@@ -71,3 +71,12 @@ func mergeEVM(ctx sdk.Context, box upgrades.Toolbox) error {
 	params.AllowUnprotectedTxs = true
 	return box.EvmKeeper.SetParams(ctx, params)
 }
+
+func mergeToken(ctx sdk.Context, box upgrades.Toolbox) error {
+	ctx.Logger().Info("start to run token module migrations...")
+
+	params := box.TokenKeeper.GetParams(ctx)
+	params.EnableErc20 = true
+	params.Beacon = BeaconContractAddress
+	return box.TokenKeeper.SetParams(ctx, params)
+}