Cardano Foundation Spins Out Veridian as Swiss Company with Tokenized Equity

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On-chain news breaks as the Cardano Foundation spins out Veridian as a Swiss company, tokenizing most of its 1 million shares on the Cardano blockchain. Veridian uses the new CIP-0113 standard for equity, marking a first in the space. The project also builds decentralized identity tools for users, businesses, and AI agents. New token listings may follow as the initiative expands Cardano’s use cases into regulated digital assets.

TL;DR

  • Cardano Foundation has spun out Veridian as an independent Swiss company and tokenized most of its 1 million shares on the Cardano blockchain.
  • Veridian is the first company using the new CIP-0113 programmable-token standard for equity.
  • The project also develops decentralized identity tools for people, businesses and AI agents, expanding Cardano’s blockchain utility beyond payments and into regulated digital assets.

Cardano Foundationhas separated its digital-identity project Veridian into an independent Swiss company while placing most of its 1 million shares on the Cardanoblockchain. The move provides a live corporate use case for Cardano’s new CIP-0113 standard, which introduces programmable rules for tokenized assets.

Veridian is led by Thomas A. Mayfield, a blockchainengineer who previously worked on decentralized identity and trust solutions at the Cardano Foundation. The company plans to develop identity infrastructure for governments, businesses and AI agents, with strategic investment plans expected to begin in 2027.

Cardano Foundation Brings Programmable Equity Onchain

The tokenized shares represent the first operating-company application of CIP-0113, a Cardano Improvement Proposal designed to give token issuers greater control over how digital assets move between wallets. The framework can define eligibility requirements and support restrictions such as freezing or seizing assets when regulations require those actions.

For Cardano, the development provides a practical demonstration of blockchain-based securities incorporating compliance rules directly into token infrastructure. Regulated products such as stablecoins, investment funds and tokenized securities can require identity verification, sanctions screening and mechanisms for responding to legal orders.

Veridian’s shares are not being offered publicly, but their tokenization demonstrates how equity ownership can be represented through Cardano’s programmable-token architecture. The Foundation said most of the company’s shares have already been tokenized.

Cardano Foundation has spun out Veridian as an independent Swiss company and tokenized most of its 1 million shares on the Cardano blockchain.

Veridian Targets Digital Identity And AI Agents

Veridian’s technology is based on open standards including KERI and ACDC, allowing users and organizations to issue credentials that can verify identity and authority without depending on a centralized database. Its mobile wallet is already available on iOS and Android.

The company has also mapped requirements linked to Utah’s State Endorsed Digital Identity Program, established through SB 275, which took effect in May. The framework provides an example of how digital credentials could interact with government-backed identity systems.

AI agents are another major focus. Cardano-based Masumi, developed by Serviceplan Group and NMKR, already uses Veridian credentials to help counterparties verify agents before transactions and revoke access when credentials are compromised.

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