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First, the multisign wallet has a number of tokens which I want to transfer to another Multisig wallet. Is it possible? If yes then how?

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Theoretically, it is possible, yes, but it depends on which multisig wallet contract you are using.

Not all mutlisig wallets support ERC20 transfers. Here's an example of one that does support ERC20: https://github.com/BitGo/eth-multisig-v2

Basically, what has to happen is that wallet contract needs to call the token contract to transfer tokens to another address.

  • Yes. Right now I am working on the same contract which you've mentioned. But the problem is that I am minting tokens from token contract to This multisign wallet. Then I am trying to approve another address to spend that funds. But that contract is not able to deposit the approved token. – Rudrika Apr 18 at 6:15
  • just so i understand, this is the flow you want: token contract -> multisig contract -> approve another address to spend tokens from multisig? – j4ys0n Apr 18 at 17:23
  • the multisig contract might need a setOwner function if that's the case. – j4ys0n Apr 18 at 17:29

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