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is it possible to transfer ownership to another address ? Can a token have 2 adrress as owner apart from multisig wallet?

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Depends on what you are asking for really.

Owner can be treated as a holder of a token OR the Owner of the smart contract.

If we just talk about holders:

  • ERC20 tokens can have multiple holders
  • ERC721 token can have one holder per unique ID
  • ERC1155 token can have multiple holders

If we talk about the ownership of the smart contract, then you probably refer to OpenZeppelin's Access Control. That only supports one owner. You could amend that to support more than one though.

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