diff --git a/docs/rpc.md b/docs/rpc.md
index ce5700114..f12a7abca 100644
--- a/docs/rpc.md
+++ b/docs/rpc.md
@@ -97,6 +97,25 @@ it only works for native contracts.
 This method doesn't work for the Ledger contract, you can get data via regular
 `getblock` and `getrawtransaction` calls.
 
+#### `getnep17balances`
+
+neo-go's implementation of `getnep17balances` does not perform tracking of NEP17
+balances for each account as it is done in the C# node. Instead, neo-go node
+maintains the list of NEP17-compliant contracts, i.e. those contracts that have
+`NEP-17` declared in the supported standards section of the manifest. Each time
+`getnep17balances` is queried, neo-go node asks every NEP17 contract for the
+account balance by invoking `balanceOf` method with the corresponding args.
+Invocation GAS limit is set to be 3 GAS. All non-zero NEP17 balances are included
+in the RPC call result.
+
+Thus, if NEP17 token contract doesn't have `NEP-17` standard declared in the list
+of supported standards but emits proper NEP17 `Transfer` notifications, the token
+balance won't be shown in the list of NEP17 balances returned by the neo-go node
+(unlike the C# node behavior). However, transfer logs of such token are still
+available via `getnep17transfers` RPC call.
+
+The behaviour of the `LastUpdatedBlock` tracking matches the C# node's one.
+
 ### Unsupported methods
 
 Methods listed down below are not going to be supported for various reasons
diff --git a/internal/fakechain/fakechain.go b/internal/fakechain/fakechain.go
index 5268c4525..ef8145858 100644
--- a/internal/fakechain/fakechain.go
+++ b/internal/fakechain/fakechain.go
@@ -254,13 +254,18 @@ func (chain *FakeChain) GetNextBlockValidators() ([]*keys.PublicKey, error) {
 	panic("TODO")
 }
 
-// ForEachNEP17Transfer implements Blockchainer interface.
-func (chain *FakeChain) ForEachNEP17Transfer(util.Uint160, func(*state.NEP17Transfer) (bool, error)) error {
+// GetNEP17Contracts implements Blockchainer interface.
+func (chain *FakeChain) GetNEP17Contracts() []util.Uint160 {
 	panic("TODO")
 }
 
-// GetNEP17Balances implements Blockchainer interface.
-func (chain *FakeChain) GetNEP17Balances(util.Uint160) *state.NEP17Balances {
+// GetNEP17LastUpdated implements Blockchainer interface.
+func (chain *FakeChain) GetNEP17LastUpdated(acc util.Uint160) (map[int32]uint32, error) {
+	panic("TODO")
+}
+
+// ForEachNEP17Transfer implements Blockchainer interface.
+func (chain *FakeChain) ForEachNEP17Transfer(util.Uint160, func(*state.NEP17Transfer) (bool, error)) error {
 	panic("TODO")
 }
 
diff --git a/pkg/core/blockchain.go b/pkg/core/blockchain.go
index 689ea3be6..0dd9f174c 100644
--- a/pkg/core/blockchain.go
+++ b/pkg/core/blockchain.go
@@ -43,7 +43,7 @@ import (
 // Tuning parameters.
 const (
 	headerBatchCount = 2000
-	version          = "0.1.0"
+	version          = "0.1.1"
 
 	defaultInitialGAS                      = 52000000_00000000
 	defaultMemPoolSize                     = 50000
@@ -52,7 +52,8 @@ const (
 	defaultMaxBlockSystemFee               = 900000000000
 	defaultMaxTraceableBlocks              = 2102400 // 1 year of 15s blocks
 	defaultMaxTransactionsPerBlock         = 512
-	headerVerificationGasLimit             = 3_00000000 // 3 GAS
+	// HeaderVerificationGasLimit is the maximum amount of GAS for block header verification.
+	HeaderVerificationGasLimit = 3_00000000 // 3 GAS
 )
 
 var (
@@ -989,14 +990,11 @@ func (bc *Blockchain) processNEP17Transfer(cache *dao.Cached, h util.Uint256, b
 		Tx:        h,
 	}
 	if !fromAddr.Equals(util.Uint160{}) {
-		balances, err := cache.GetNEP17Balances(fromAddr)
+		balances, err := cache.GetNEP17TransferInfo(fromAddr)
 		if err != nil {
 			return
 		}
-		bs := balances.Trackers[id]
-		bs.Balance = *new(big.Int).Sub(&bs.Balance, amount)
-		bs.LastUpdatedBlock = b.Index
-		balances.Trackers[id] = bs
+		balances.LastUpdated[id] = b.Index
 		transfer.Amount = *new(big.Int).Sub(&transfer.Amount, amount)
 		balances.NewBatch, err = cache.AppendNEP17Transfer(fromAddr,
 			balances.NextTransferBatch, balances.NewBatch, transfer)
@@ -1006,19 +1004,16 @@ func (bc *Blockchain) processNEP17Transfer(cache *dao.Cached, h util.Uint256, b
 		if balances.NewBatch {
 			balances.NextTransferBatch++
 		}
-		if err := cache.PutNEP17Balances(fromAddr, balances); err != nil {
+		if err := cache.PutNEP17TransferInfo(fromAddr, balances); err != nil {
 			return
 		}
 	}
 	if !toAddr.Equals(util.Uint160{}) {
-		balances, err := cache.GetNEP17Balances(toAddr)
+		balances, err := cache.GetNEP17TransferInfo(toAddr)
 		if err != nil {
 			return
 		}
-		bs := balances.Trackers[id]
-		bs.Balance = *new(big.Int).Add(&bs.Balance, amount)
-		bs.LastUpdatedBlock = b.Index
-		balances.Trackers[id] = bs
+		balances.LastUpdated[id] = b.Index
 
 		transfer.Amount = *amount
 		balances.NewBatch, err = cache.AppendNEP17Transfer(toAddr,
@@ -1029,7 +1024,7 @@ func (bc *Blockchain) processNEP17Transfer(cache *dao.Cached, h util.Uint256, b
 		if balances.NewBatch {
 			balances.NextTransferBatch++
 		}
-		if err := cache.PutNEP17Balances(toAddr, balances); err != nil {
+		if err := cache.PutNEP17TransferInfo(toAddr, balances); err != nil {
 			return
 		}
 	}
@@ -1037,7 +1032,7 @@ func (bc *Blockchain) processNEP17Transfer(cache *dao.Cached, h util.Uint256, b
 
 // ForEachNEP17Transfer executes f for each nep17 transfer in log.
 func (bc *Blockchain) ForEachNEP17Transfer(acc util.Uint160, f func(*state.NEP17Transfer) (bool, error)) error {
-	balances, err := bc.dao.GetNEP17Balances(acc)
+	balances, err := bc.dao.GetNEP17TransferInfo(acc)
 	if err != nil {
 		return nil
 	}
@@ -1057,34 +1052,34 @@ func (bc *Blockchain) ForEachNEP17Transfer(acc util.Uint160, f func(*state.NEP17
 	return nil
 }
 
-// GetNEP17Balances returns NEP17 balances for the acc.
-func (bc *Blockchain) GetNEP17Balances(acc util.Uint160) *state.NEP17Balances {
-	bs, err := bc.dao.GetNEP17Balances(acc)
+// GetNEP17Contracts returns the list of deployed NEP17 contracts.
+func (bc *Blockchain) GetNEP17Contracts() []util.Uint160 {
+	return bc.contracts.Management.GetNEP17Contracts()
+}
+
+// GetNEP17LastUpdated returns a set of contract ids with the corresponding last updated
+// block indexes.
+func (bc *Blockchain) GetNEP17LastUpdated(acc util.Uint160) (map[int32]uint32, error) {
+	info, err := bc.dao.GetNEP17TransferInfo(acc)
 	if err != nil {
-		return nil
+		return nil, err
 	}
-	return bs
+	return info.LastUpdated, nil
 }
 
 // GetUtilityTokenBalance returns utility token (GAS) balance for the acc.
 func (bc *Blockchain) GetUtilityTokenBalance(acc util.Uint160) *big.Int {
-	bs, err := bc.dao.GetNEP17Balances(acc)
-	if err != nil {
+	bs := bc.contracts.GAS.BalanceOf(bc.dao, acc)
+	if bs == nil {
 		return big.NewInt(0)
 	}
-	balance := bs.Trackers[bc.contracts.GAS.ID].Balance
-	return &balance
+	return bs
 }
 
 // GetGoverningTokenBalance returns governing token (NEO) balance and the height
 // of the last balance change for the account.
 func (bc *Blockchain) GetGoverningTokenBalance(acc util.Uint160) (*big.Int, uint32) {
-	bs, err := bc.dao.GetNEP17Balances(acc)
-	if err != nil {
-		return big.NewInt(0), 0
-	}
-	neo := bs.Trackers[bc.contracts.NEO.ID]
-	return &neo.Balance, neo.LastUpdatedBlock
+	return bc.contracts.NEO.BalanceOf(bc.dao, acc)
 }
 
 // GetNotaryBalance returns Notary deposit amount for the specified account.
@@ -1873,7 +1868,7 @@ func (bc *Blockchain) verifyHeaderWitnesses(currHeader, prevHeader *block.Header
 	} else {
 		hash = prevHeader.NextConsensus
 	}
-	return bc.VerifyWitness(hash, currHeader, &currHeader.Script, headerVerificationGasLimit)
+	return bc.VerifyWitness(hash, currHeader, &currHeader.Script, HeaderVerificationGasLimit)
 }
 
 // GoverningTokenHash returns the governing token (NEO) native contract hash.
diff --git a/pkg/core/blockchainer/blockchainer.go b/pkg/core/blockchainer/blockchainer.go
index 9ea0ad873..73a5d36d5 100644
--- a/pkg/core/blockchainer/blockchainer.go
+++ b/pkg/core/blockchainer/blockchainer.go
@@ -47,7 +47,8 @@ type Blockchainer interface {
 	GetNativeContractScriptHash(string) (util.Uint160, error)
 	GetNatives() []state.NativeContract
 	GetNextBlockValidators() ([]*keys.PublicKey, error)
-	GetNEP17Balances(util.Uint160) *state.NEP17Balances
+	GetNEP17Contracts() []util.Uint160
+	GetNEP17LastUpdated(acc util.Uint160) (map[int32]uint32, error)
 	GetNotaryContractScriptHash() util.Uint160
 	GetNotaryBalance(acc util.Uint160) *big.Int
 	GetPolicer() Policer
diff --git a/pkg/core/dao/cacheddao.go b/pkg/core/dao/cacheddao.go
index f23bb61df..342b9d17b 100644
--- a/pkg/core/dao/cacheddao.go
+++ b/pkg/core/dao/cacheddao.go
@@ -13,7 +13,7 @@ import (
 // objects in the storeBlock().
 type Cached struct {
 	DAO
-	balances  map[util.Uint160]*state.NEP17Balances
+	balances  map[util.Uint160]*state.NEP17TransferInfo
 	transfers map[util.Uint160]map[uint32]*state.NEP17TransferLog
 
 	dropNEP17Cache bool
@@ -21,21 +21,21 @@ type Cached struct {
 
 // NewCached returns new Cached wrapping around given backing store.
 func NewCached(d DAO) *Cached {
-	balances := make(map[util.Uint160]*state.NEP17Balances)
+	balances := make(map[util.Uint160]*state.NEP17TransferInfo)
 	transfers := make(map[util.Uint160]map[uint32]*state.NEP17TransferLog)
 	return &Cached{d.GetWrapped(), balances, transfers, false}
 }
 
-// GetNEP17Balances retrieves NEP17Balances for the acc.
-func (cd *Cached) GetNEP17Balances(acc util.Uint160) (*state.NEP17Balances, error) {
+// GetNEP17TransferInfo retrieves NEP17TransferInfo for the acc.
+func (cd *Cached) GetNEP17TransferInfo(acc util.Uint160) (*state.NEP17TransferInfo, error) {
 	if bs := cd.balances[acc]; bs != nil {
 		return bs, nil
 	}
-	return cd.DAO.GetNEP17Balances(acc)
+	return cd.DAO.GetNEP17TransferInfo(acc)
 }
 
-// PutNEP17Balances saves NEP17Balances for the acc.
-func (cd *Cached) PutNEP17Balances(acc util.Uint160, bs *state.NEP17Balances) error {
+// PutNEP17TransferInfo saves NEP17TransferInfo for the acc.
+func (cd *Cached) PutNEP17TransferInfo(acc util.Uint160, bs *state.NEP17TransferInfo) error {
 	cd.balances[acc] = bs
 	return nil
 }
@@ -88,7 +88,7 @@ func (cd *Cached) Persist() (int, error) {
 	// caches (accounts/transfer data) in any way.
 	if ok {
 		if cd.dropNEP17Cache {
-			lowerCache.balances = make(map[util.Uint160]*state.NEP17Balances)
+			lowerCache.balances = make(map[util.Uint160]*state.NEP17TransferInfo)
 		}
 		var simpleCache *Simple
 		for simpleCache == nil {
@@ -105,7 +105,7 @@ func (cd *Cached) Persist() (int, error) {
 	buf := io.NewBufBinWriter()
 
 	for acc, bs := range cd.balances {
-		err := cd.DAO.putNEP17Balances(acc, bs, buf)
+		err := cd.DAO.putNEP17TransferInfo(acc, bs, buf)
 		if err != nil {
 			return 0, err
 		}
diff --git a/pkg/core/dao/dao.go b/pkg/core/dao/dao.go
index 96df67a27..de57e7d29 100644
--- a/pkg/core/dao/dao.go
+++ b/pkg/core/dao/dao.go
@@ -42,7 +42,7 @@ type DAO interface {
 	GetCurrentBlockHeight() (uint32, error)
 	GetCurrentHeaderHeight() (i uint32, h util.Uint256, err error)
 	GetHeaderHashes() ([]util.Uint256, error)
-	GetNEP17Balances(acc util.Uint160) (*state.NEP17Balances, error)
+	GetNEP17TransferInfo(acc util.Uint160) (*state.NEP17TransferInfo, error)
 	GetNEP17TransferLog(acc util.Uint160, index uint32) (*state.NEP17TransferLog, error)
 	GetStorageItem(id int32, key []byte) state.StorageItem
 	GetStorageItems(id int32) (map[string]state.StorageItem, error)
@@ -55,7 +55,7 @@ type DAO interface {
 	PutAppExecResult(aer *state.AppExecResult, buf *io.BufBinWriter) error
 	PutContractID(id int32, hash util.Uint160) error
 	PutCurrentHeader(hashAndIndex []byte) error
-	PutNEP17Balances(acc util.Uint160, bs *state.NEP17Balances) error
+	PutNEP17TransferInfo(acc util.Uint160, bs *state.NEP17TransferInfo) error
 	PutNEP17TransferLog(acc util.Uint160, index uint32, lg *state.NEP17TransferLog) error
 	PutStorageItem(id int32, key []byte, si state.StorageItem) error
 	PutVersion(v string) error
@@ -63,7 +63,7 @@ type DAO interface {
 	StoreAsBlock(block *block.Block, buf *io.BufBinWriter) error
 	StoreAsCurrentBlock(block *block.Block, buf *io.BufBinWriter) error
 	StoreAsTransaction(tx *transaction.Transaction, index uint32, buf *io.BufBinWriter) error
-	putNEP17Balances(acc util.Uint160, bs *state.NEP17Balances, buf *io.BufBinWriter) error
+	putNEP17TransferInfo(acc util.Uint160, bs *state.NEP17TransferInfo, buf *io.BufBinWriter) error
 }
 
 // Simple is memCached wrapper around DB, simple DAO implementation.
@@ -142,12 +142,12 @@ func (dao *Simple) GetContractScriptHash(id int32) (util.Uint160, error) {
 	return *data, nil
 }
 
-// -- start nep17 balances.
+// -- start nep17 transfer info.
 
-// GetNEP17Balances retrieves nep17 balances from the cache.
-func (dao *Simple) GetNEP17Balances(acc util.Uint160) (*state.NEP17Balances, error) {
-	key := storage.AppendPrefix(storage.STNEP17Balances, acc.BytesBE())
-	bs := state.NewNEP17Balances()
+// GetNEP17TransferInfo retrieves nep17 transfer info from the cache.
+func (dao *Simple) GetNEP17TransferInfo(acc util.Uint160) (*state.NEP17TransferInfo, error) {
+	key := storage.AppendPrefix(storage.STNEP17TransferInfo, acc.BytesBE())
+	bs := state.NewNEP17TransferInfo()
 	err := dao.GetAndDecode(bs, key)
 	if err != nil && err != storage.ErrKeyNotFound {
 		return nil, err
@@ -155,17 +155,17 @@ func (dao *Simple) GetNEP17Balances(acc util.Uint160) (*state.NEP17Balances, err
 	return bs, nil
 }
 
-// PutNEP17Balances saves nep17 balances from the cache.
-func (dao *Simple) PutNEP17Balances(acc util.Uint160, bs *state.NEP17Balances) error {
-	return dao.putNEP17Balances(acc, bs, io.NewBufBinWriter())
+// PutNEP17TransferInfo saves nep17 transfer info in the cache.
+func (dao *Simple) PutNEP17TransferInfo(acc util.Uint160, bs *state.NEP17TransferInfo) error {
+	return dao.putNEP17TransferInfo(acc, bs, io.NewBufBinWriter())
 }
 
-func (dao *Simple) putNEP17Balances(acc util.Uint160, bs *state.NEP17Balances, buf *io.BufBinWriter) error {
-	key := storage.AppendPrefix(storage.STNEP17Balances, acc.BytesBE())
+func (dao *Simple) putNEP17TransferInfo(acc util.Uint160, bs *state.NEP17TransferInfo, buf *io.BufBinWriter) error {
+	key := storage.AppendPrefix(storage.STNEP17TransferInfo, acc.BytesBE())
 	return dao.putWithBuffer(bs, key, buf)
 }
 
-// -- end nep17 balances.
+// -- end nep17 transfer info.
 
 // -- start transfer log.
 
diff --git a/pkg/core/helper_test.go b/pkg/core/helper_test.go
index 8847bb92a..4f0f2f566 100644
--- a/pkg/core/helper_test.go
+++ b/pkg/core/helper_test.go
@@ -713,8 +713,8 @@ func checkFAULTState(t *testing.T, result *state.AppExecResult) {
 }
 
 func checkBalanceOf(t *testing.T, chain *Blockchain, addr util.Uint160, expected int) {
-	balance := chain.GetNEP17Balances(addr).Trackers[chain.contracts.GAS.ID]
-	require.Equal(t, int64(expected), balance.Balance.Int64())
+	balance := chain.GetUtilityTokenBalance(addr)
+	require.Equal(t, int64(expected), balance.Int64())
 }
 
 type NotaryFeerStub struct {
diff --git a/pkg/core/native/management.go b/pkg/core/native/management.go
index a5eb71c52..edb9236a8 100644
--- a/pkg/core/native/management.go
+++ b/pkg/core/native/management.go
@@ -33,6 +33,8 @@ type Management struct {
 
 	mtx       sync.RWMutex
 	contracts map[util.Uint160]*state.Contract
+	// nep17 is a map of NEP17-compliant contracts which is updated with every PostPersist.
+	nep17 map[util.Uint160]struct{}
 }
 
 const (
@@ -63,6 +65,7 @@ func newManagement() *Management {
 	var m = &Management{
 		ContractMD: *interop.NewContractMD(nativenames.Management, managementContractID),
 		contracts:  make(map[util.Uint160]*state.Contract),
+		nep17:      make(map[util.Uint160]struct{}),
 	}
 	defer m.UpdateHash()
 
@@ -471,6 +474,9 @@ func (m *Management) OnPersist(ic *interop.Context) error {
 		}
 		m.mtx.Lock()
 		m.contracts[md.Hash] = cs
+		if md.Manifest.IsStandardSupported(manifest.NEP17StandardName) {
+			m.nep17[md.Hash] = struct{}{}
+		}
 		m.mtx.Unlock()
 	}
 
@@ -492,6 +498,9 @@ func (m *Management) InitializeCache(d dao.DAO) error {
 			return
 		}
 		m.contracts[cs.Hash] = cs
+		if cs.Manifest.IsStandardSupported(manifest.NEP17StandardName) {
+			m.nep17[cs.Hash] = struct{}{}
+		}
 	})
 	return initErr
 }
@@ -507,14 +516,33 @@ func (m *Management) PostPersist(ic *interop.Context) error {
 		if err != nil {
 			// Contract was destroyed.
 			delete(m.contracts, h)
+			delete(m.nep17, h)
 			continue
 		}
 		m.contracts[h] = newCs
+		if newCs.Manifest.IsStandardSupported(manifest.NEP17StandardName) {
+			m.nep17[h] = struct{}{}
+		} else {
+			delete(m.nep17, h)
+		}
 	}
 	m.mtx.Unlock()
 	return nil
 }
 
+// GetNEP17Contracts returns hashes of all deployed contracts that support NEP17 standard. The list
+// is updated every PostPersist, so until PostPersist is called, the result for the previous block
+// is returned.
+func (m *Management) GetNEP17Contracts() []util.Uint160 {
+	m.mtx.RLock()
+	result := make([]util.Uint160, 0, len(m.nep17))
+	for h := range m.nep17 {
+		result = append(result, h)
+	}
+	m.mtx.RUnlock()
+	return result
+}
+
 // Initialize implements Contract interface.
 func (m *Management) Initialize(ic *interop.Context) error {
 	if err := setIntWithKey(m.ID, ic.DAO, keyMinimumDeploymentFee, defaultMinimumDeploymentFee); err != nil {
diff --git a/pkg/core/native/management_test.go b/pkg/core/native/management_test.go
index fedb9ed0e..ca71e4488 100644
--- a/pkg/core/native/management_test.go
+++ b/pkg/core/native/management_test.go
@@ -83,3 +83,50 @@ func TestManagement_Initialize(t *testing.T) {
 		require.Error(t, mgmt.InitializeCache(d))
 	})
 }
+
+func TestManagement_GetNEP17Contracts(t *testing.T) {
+	mgmt := newManagement()
+	d := dao.NewCached(dao.NewSimple(storage.NewMemoryStore(), false))
+	err := mgmt.Initialize(&interop.Context{DAO: d})
+	require.NoError(t, err)
+
+	require.Empty(t, mgmt.GetNEP17Contracts())
+
+	// Deploy NEP17 contract
+	script := []byte{byte(opcode.RET)}
+	sender := util.Uint160{1, 2, 3}
+	ne, err := nef.NewFile(script)
+	require.NoError(t, err)
+	manif := manifest.NewManifest("Test")
+	manif.ABI.Methods = append(manif.ABI.Methods, manifest.Method{
+		Name:       "dummy",
+		ReturnType: smartcontract.VoidType,
+		Parameters: []manifest.Parameter{},
+	})
+	manif.SupportedStandards = []string{manifest.NEP17StandardName}
+	c1, err := mgmt.Deploy(d, sender, ne, manif)
+	require.NoError(t, err)
+
+	// PostPersist is not yet called, thus no NEP17 contracts are expected
+	require.Empty(t, mgmt.GetNEP17Contracts())
+
+	// Call PostPersist, check c1 contract hash is returned
+	require.NoError(t, mgmt.PostPersist(&interop.Context{DAO: d}))
+	require.Equal(t, []util.Uint160{c1.Hash}, mgmt.GetNEP17Contracts())
+
+	// Update contract
+	manif.ABI.Methods = append(manif.ABI.Methods, manifest.Method{
+		Name:       "dummy2",
+		ReturnType: smartcontract.VoidType,
+		Parameters: []manifest.Parameter{},
+	})
+	c2, err := mgmt.Update(d, c1.Hash, ne, manif)
+	require.NoError(t, err)
+
+	// No changes expected before PostPersist call.
+	require.Equal(t, []util.Uint160{c1.Hash}, mgmt.GetNEP17Contracts())
+
+	// Call PostPersist, check c2 contract hash is returned
+	require.NoError(t, mgmt.PostPersist(&interop.Context{DAO: d}))
+	require.Equal(t, []util.Uint160{c2.Hash}, mgmt.GetNEP17Contracts())
+}
diff --git a/pkg/core/native/native_gas.go b/pkg/core/native/native_gas.go
index 016f30b44..496a22c60 100644
--- a/pkg/core/native/native_gas.go
+++ b/pkg/core/native/native_gas.go
@@ -5,6 +5,7 @@ import (
 	"fmt"
 	"math/big"
 
+	"github.com/nspcc-dev/neo-go/pkg/core/dao"
 	"github.com/nspcc-dev/neo-go/pkg/core/interop"
 	"github.com/nspcc-dev/neo-go/pkg/core/interop/runtime"
 	"github.com/nspcc-dev/neo-go/pkg/core/native/nativenames"
@@ -138,6 +139,11 @@ func (g *GAS) PostPersist(ic *interop.Context) error {
 	return nil
 }
 
+// BalanceOf returns native GAS token balance for the acc.
+func (g *GAS) BalanceOf(d dao.DAO, acc util.Uint160) *big.Int {
+	return g.balanceOfInternal(d, acc)
+}
+
 func getStandbyValidatorsHash(ic *interop.Context) (util.Uint160, error) {
 	s, err := smartcontract.CreateDefaultMultiSigRedeemScript(ic.Chain.GetStandByValidators())
 	if err != nil {
diff --git a/pkg/core/native/native_neo.go b/pkg/core/native/native_neo.go
index 6f5fb1e9e..e81b658c1 100644
--- a/pkg/core/native/native_neo.go
+++ b/pkg/core/native/native_neo.go
@@ -1020,6 +1020,20 @@ func (n *NEO) GetNextBlockValidatorsInternal() keys.PublicKeys {
 	return n.nextValidators.Load().(keys.PublicKeys).Copy()
 }
 
+// BalanceOf returns native NEO token balance for the acc.
+func (n *NEO) BalanceOf(d dao.DAO, acc util.Uint160) (*big.Int, uint32) {
+	key := makeAccountKey(acc)
+	si := d.GetStorageItem(n.ID, key)
+	if si == nil {
+		return big.NewInt(0), 0
+	}
+	st, err := state.NEOBalanceFromBytes(si)
+	if err != nil {
+		panic(fmt.Errorf("failed to decode NEO balance state: %w", err))
+	}
+	return &st.Balance, st.BalanceHeight
+}
+
 func pubsToArray(pubs keys.PublicKeys) stackitem.Item {
 	arr := make([]stackitem.Item, len(pubs))
 	for i := range pubs {
diff --git a/pkg/core/native/native_nep17.go b/pkg/core/native/native_nep17.go
index 3a6612121..d32d3b925 100644
--- a/pkg/core/native/native_nep17.go
+++ b/pkg/core/native/native_nep17.go
@@ -246,16 +246,20 @@ func (c *nep17TokenNative) TransferInternal(ic *interop.Context, from, to util.U
 
 func (c *nep17TokenNative) balanceOf(ic *interop.Context, args []stackitem.Item) stackitem.Item {
 	h := toUint160(args[0])
+	return stackitem.NewBigInteger(c.balanceOfInternal(ic.DAO, h))
+}
+
+func (c *nep17TokenNative) balanceOfInternal(d dao.DAO, h util.Uint160) *big.Int {
 	key := makeAccountKey(h)
-	si := ic.DAO.GetStorageItem(c.ID, key)
+	si := d.GetStorageItem(c.ID, key)
 	if si == nil {
-		return stackitem.NewBigInteger(big.NewInt(0))
+		return big.NewInt(0)
 	}
 	balance, err := c.balFromBytes(&si)
 	if err != nil {
 		panic(fmt.Errorf("can not deserialize balance state: %w", err))
 	}
-	return stackitem.NewBigInteger(balance)
+	return balance
 }
 
 func (c *nep17TokenNative) mint(ic *interop.Context, h util.Uint160, amount *big.Int, callOnPayment bool) {
diff --git a/pkg/core/native_gas_test.go b/pkg/core/native_gas_test.go
index dbc358f95..7eea4c132 100644
--- a/pkg/core/native_gas_test.go
+++ b/pkg/core/native_gas_test.go
@@ -76,12 +76,9 @@ func TestGAS_Roundtrip(t *testing.T) {
 	bc := newTestChain(t)
 
 	getUtilityTokenBalance := func(bc *Blockchain, acc util.Uint160) (*big.Int, uint32) {
-		bs, err := bc.dao.GetNEP17Balances(acc)
-		if err != nil {
-			return big.NewInt(0), 0
-		}
-		balance := bs.Trackers[bc.contracts.GAS.ID]
-		return &balance.Balance, balance.LastUpdatedBlock
+		lub, err := bc.GetNEP17LastUpdated(acc)
+		require.NoError(t, err)
+		return bc.GetUtilityTokenBalance(acc), lub[bc.contracts.GAS.ID]
 	}
 
 	initialBalance, _ := getUtilityTokenBalance(bc, neoOwner)
diff --git a/pkg/core/native_management_test.go b/pkg/core/native_management_test.go
index 57ec4c54e..82f105581 100644
--- a/pkg/core/native_management_test.go
+++ b/pkg/core/native_management_test.go
@@ -607,3 +607,18 @@ func TestMinimumDeploymentFee(t *testing.T) {
 
 	testGetSet(t, chain, chain.contracts.Management.Hash, "MinimumDeploymentFee", 10_00000000, 0, 0)
 }
+
+func TestManagement_GetNEP17Contracts(t *testing.T) {
+	t.Run("empty chain", func(t *testing.T) {
+		chain := newTestChain(t)
+		require.ElementsMatch(t, []util.Uint160{chain.contracts.NEO.Hash, chain.contracts.GAS.Hash}, chain.contracts.Management.GetNEP17Contracts())
+	})
+
+	t.Run("test chain", func(t *testing.T) {
+		chain := newTestChain(t)
+		initBasicChain(t, chain)
+		rublesHash, err := chain.GetContractScriptHash(1)
+		require.NoError(t, err)
+		require.ElementsMatch(t, []util.Uint160{chain.contracts.NEO.Hash, chain.contracts.GAS.Hash, rublesHash}, chain.contracts.Management.GetNEP17Contracts())
+	})
+}
diff --git a/pkg/core/state/nep17.go b/pkg/core/state/nep17.go
index dd692993a..0da72b58e 100644
--- a/pkg/core/state/nep17.go
+++ b/pkg/core/state/nep17.go
@@ -11,15 +11,6 @@ import (
 // NEP17TransferBatchSize is the maximum number of entries for NEP17TransferLog.
 const NEP17TransferBatchSize = 128
 
-// NEP17Tracker contains info about a single account in a NEP17 contract.
-type NEP17Tracker struct {
-	// Balance is the current balance of the account.
-	Balance big.Int
-	// LastUpdatedBlock is a number of block when last `transfer` to or from the
-	// account occurred.
-	LastUpdatedBlock uint32
-}
-
 // NEP17TransferLog is a log of NEP17 token transfers for the specific command.
 type NEP17TransferLog struct {
 	Raw []byte
@@ -44,46 +35,44 @@ type NEP17Transfer struct {
 	Tx util.Uint256
 }
 
-// NEP17Balances is a map of the NEP17 contract IDs
-// to the corresponding structures.
-type NEP17Balances struct {
-	Trackers map[int32]NEP17Tracker
+// NEP17TransferInfo stores map of the NEP17 contract IDs to the balance's last updated
+// block trackers along with information about NEP17 transfer batch.
+type NEP17TransferInfo struct {
+	LastUpdated map[int32]uint32
 	// NextTransferBatch stores an index of the next transfer batch.
 	NextTransferBatch uint32
 	// NewBatch is true if batch with the `NextTransferBatch` index should be created.
 	NewBatch bool
 }
 
-// NewNEP17Balances returns new NEP17Balances.
-func NewNEP17Balances() *NEP17Balances {
-	return &NEP17Balances{
-		Trackers: make(map[int32]NEP17Tracker),
+// NewNEP17TransferInfo returns new NEP17TransferInfo.
+func NewNEP17TransferInfo() *NEP17TransferInfo {
+	return &NEP17TransferInfo{
+		LastUpdated: make(map[int32]uint32),
 	}
 }
 
 // DecodeBinary implements io.Serializable interface.
-func (bs *NEP17Balances) DecodeBinary(r *io.BinReader) {
+func (bs *NEP17TransferInfo) DecodeBinary(r *io.BinReader) {
 	bs.NextTransferBatch = r.ReadU32LE()
 	bs.NewBatch = r.ReadBool()
 	lenBalances := r.ReadVarUint()
-	m := make(map[int32]NEP17Tracker, lenBalances)
+	m := make(map[int32]uint32, lenBalances)
 	for i := 0; i < int(lenBalances); i++ {
 		key := int32(r.ReadU32LE())
-		var tr NEP17Tracker
-		tr.DecodeBinary(r)
-		m[key] = tr
+		m[key] = r.ReadU32LE()
 	}
-	bs.Trackers = m
+	bs.LastUpdated = m
 }
 
 // EncodeBinary implements io.Serializable interface.
-func (bs *NEP17Balances) EncodeBinary(w *io.BinWriter) {
+func (bs *NEP17TransferInfo) EncodeBinary(w *io.BinWriter) {
 	w.WriteU32LE(bs.NextTransferBatch)
 	w.WriteBool(bs.NewBatch)
-	w.WriteVarUint(uint64(len(bs.Trackers)))
-	for k, v := range bs.Trackers {
+	w.WriteVarUint(uint64(len(bs.LastUpdated)))
+	for k, v := range bs.LastUpdated {
 		w.WriteU32LE(uint32(k))
-		v.EncodeBinary(w)
+		w.WriteU32LE(v)
 	}
 }
 
@@ -138,18 +127,6 @@ func (lg *NEP17TransferLog) Size() int {
 	return int(lg.Raw[0])
 }
 
-// EncodeBinary implements io.Serializable interface.
-func (t *NEP17Tracker) EncodeBinary(w *io.BinWriter) {
-	w.WriteVarBytes(bigint.ToBytes(&t.Balance))
-	w.WriteU32LE(t.LastUpdatedBlock)
-}
-
-// DecodeBinary implements io.Serializable interface.
-func (t *NEP17Tracker) DecodeBinary(r *io.BinReader) {
-	t.Balance = *bigint.FromBytes(r.ReadVarBytes())
-	t.LastUpdatedBlock = r.ReadU32LE()
-}
-
 // EncodeBinary implements io.Serializable interface.
 func (t *NEP17Transfer) EncodeBinary(w *io.BinWriter) {
 	w.WriteU32LE(uint32(t.Asset))
diff --git a/pkg/core/state/nep17_test.go b/pkg/core/state/nep17_test.go
index 5a8f2db46..b21d1cdf7 100644
--- a/pkg/core/state/nep17_test.go
+++ b/pkg/core/state/nep17_test.go
@@ -38,15 +38,6 @@ func TestNEP17TransferLog_Append(t *testing.T) {
 	require.True(t, cont)
 }
 
-func TestNEP17Tracker_EncodeBinary(t *testing.T) {
-	expected := &NEP17Tracker{
-		Balance:          *big.NewInt(int64(rand.Uint64())),
-		LastUpdatedBlock: rand.Uint32(),
-	}
-
-	testserdes.EncodeDecodeBinary(t, expected, new(NEP17Tracker))
-}
-
 func TestNEP17Transfer_DecodeBinary(t *testing.T) {
 	expected := &NEP17Transfer{
 		Asset:     123,
diff --git a/pkg/core/storage/store.go b/pkg/core/storage/store.go
index fe2d15703..540fdcc39 100644
--- a/pkg/core/storage/store.go
+++ b/pkg/core/storage/store.go
@@ -8,19 +8,19 @@ import (
 
 // KeyPrefix constants.
 const (
-	DataBlock        KeyPrefix = 0x01
-	DataTransaction  KeyPrefix = 0x02
-	DataMPT          KeyPrefix = 0x03
-	STAccount        KeyPrefix = 0x40
-	STNotification   KeyPrefix = 0x4d
-	STContractID     KeyPrefix = 0x51
-	STStorage        KeyPrefix = 0x70
-	STNEP17Transfers KeyPrefix = 0x72
-	STNEP17Balances  KeyPrefix = 0x73
-	IXHeaderHashList KeyPrefix = 0x80
-	SYSCurrentBlock  KeyPrefix = 0xc0
-	SYSCurrentHeader KeyPrefix = 0xc1
-	SYSVersion       KeyPrefix = 0xf0
+	DataBlock           KeyPrefix = 0x01
+	DataTransaction     KeyPrefix = 0x02
+	DataMPT             KeyPrefix = 0x03
+	STAccount           KeyPrefix = 0x40
+	STNotification      KeyPrefix = 0x4d
+	STContractID        KeyPrefix = 0x51
+	STStorage           KeyPrefix = 0x70
+	STNEP17Transfers    KeyPrefix = 0x72
+	STNEP17TransferInfo KeyPrefix = 0x73
+	IXHeaderHashList    KeyPrefix = 0x80
+	SYSCurrentBlock     KeyPrefix = 0xc0
+	SYSCurrentHeader    KeyPrefix = 0xc1
+	SYSVersion          KeyPrefix = 0xf0
 )
 
 const (
diff --git a/pkg/rpc/server/server.go b/pkg/rpc/server/server.go
index 2dd03bc8b..76f967d8b 100644
--- a/pkg/rpc/server/server.go
+++ b/pkg/rpc/server/server.go
@@ -40,6 +40,7 @@ import (
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract/callflag"
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract/trigger"
 	"github.com/nspcc-dev/neo-go/pkg/util"
+	"github.com/nspcc-dev/neo-go/pkg/vm/emit"
 	"github.com/nspcc-dev/neo-go/pkg/vm/opcode"
 	"go.uber.org/zap"
 )
@@ -669,28 +670,65 @@ func (s *Server) getNEP17Balances(ps request.Params) (interface{}, *response.Err
 		return nil, response.ErrInvalidParams
 	}
 
-	as := s.chain.GetNEP17Balances(u)
 	bs := &result.NEP17Balances{
 		Address:  address.Uint160ToString(u),
 		Balances: []result.NEP17Balance{},
 	}
-	if as != nil {
-		cache := make(map[int32]util.Uint160)
-		for id, bal := range as.Trackers {
-			h, err := s.getHash(id, cache)
-			if err != nil {
-				continue
-			}
-			bs.Balances = append(bs.Balances, result.NEP17Balance{
-				Asset:       h,
-				Amount:      bal.Balance.String(),
-				LastUpdated: bal.LastUpdatedBlock,
-			})
+	lastUpdated, err := s.chain.GetNEP17LastUpdated(u)
+	if err != nil {
+		return nil, response.NewRPCError("Failed to get NEP17 last updated block", err.Error(), err)
+	}
+	bw := io.NewBufBinWriter()
+	for _, h := range s.chain.GetNEP17Contracts() {
+		balance, err := s.getNEP17Balance(h, u, bw)
+		if err != nil {
+			continue
 		}
+		if balance.Sign() == 0 {
+			continue
+		}
+		cs := s.chain.GetContractState(h)
+		if cs == nil {
+			continue
+		}
+		bs.Balances = append(bs.Balances, result.NEP17Balance{
+			Asset:       h,
+			Amount:      balance.String(),
+			LastUpdated: lastUpdated[cs.ID],
+		})
 	}
 	return bs, nil
 }
 
+func (s *Server) getNEP17Balance(h util.Uint160, acc util.Uint160, bw *io.BufBinWriter) (*big.Int, error) {
+	if bw == nil {
+		bw = io.NewBufBinWriter()
+	} else {
+		bw.Reset()
+	}
+	emit.AppCall(bw.BinWriter, h, "balanceOf", callflag.ReadStates, acc)
+	if bw.Err != nil {
+		return nil, fmt.Errorf("failed to create `balanceOf` invocation script: %w", bw.Err)
+	}
+	script := bw.Bytes()
+	tx := &transaction.Transaction{Script: script}
+	v := s.chain.GetTestVM(trigger.Application, tx, nil)
+	v.GasLimit = core.HeaderVerificationGasLimit
+	v.LoadScriptWithFlags(script, callflag.All)
+	err := v.Run()
+	if err != nil {
+		return nil, fmt.Errorf("failed to run `balanceOf` for %s: %w", h.StringLE(), err)
+	}
+	if v.Estack().Len() != 1 {
+		return nil, fmt.Errorf("invalid `balanceOf` return values count: expected 1, got %d", v.Estack().Len())
+	}
+	res, err := v.Estack().Pop().Item().TryInteger()
+	if err != nil {
+		return nil, fmt.Errorf("unexpected `balanceOf` result type: %w", err)
+	}
+	return res, nil
+}
+
 func getTimestampsAndLimit(ps request.Params, index int) (uint64, uint64, int, int, error) {
 	var start, end uint64
 	var limit, page int
diff --git a/pkg/smartcontract/manifest/manifest.go b/pkg/smartcontract/manifest/manifest.go
index 8fde178dc..65582fa58 100644
--- a/pkg/smartcontract/manifest/manifest.go
+++ b/pkg/smartcontract/manifest/manifest.go
@@ -119,6 +119,16 @@ func (m *Manifest) IsValid(hash util.Uint160) error {
 	return Permissions(m.Permissions).AreValid()
 }
 
+// IsStandardSupported denotes whether the specified standard supported by the contract.
+func (m *Manifest) IsStandardSupported(standard string) bool {
+	for _, st := range m.SupportedStandards {
+		if st == standard {
+			return true
+		}
+	}
+	return false
+}
+
 // ToStackItem converts Manifest to stackitem.Item.
 func (m *Manifest) ToStackItem() (stackitem.Item, error) {
 	groups := make([]stackitem.Item, len(m.Groups))
diff --git a/pkg/smartcontract/manifest/manifest_test.go b/pkg/smartcontract/manifest/manifest_test.go
index 4ac0589b7..82fcc13b4 100644
--- a/pkg/smartcontract/manifest/manifest_test.go
+++ b/pkg/smartcontract/manifest/manifest_test.go
@@ -429,3 +429,15 @@ func TestExtraToStackItem(t *testing.T) {
 		require.Equal(t, tc.expected, string(actual))
 	}
 }
+
+func TestManifest_IsStandardSupported(t *testing.T) {
+	m := &Manifest{
+		SupportedStandards: []string{NEP17StandardName, NEP17Payable, NEP11Payable},
+	}
+	for _, st := range m.SupportedStandards {
+		require.True(t, m.IsStandardSupported(st))
+	}
+	require.False(t, m.IsStandardSupported(NEP11StandardName))
+	require.False(t, m.IsStandardSupported(""))
+	require.False(t, m.IsStandardSupported("unknown standard"))
+}