Cardano Foundation spins out Veridian identity unit and tokenizes equity onchain
Summary
The Cardano Foundation spun out Veridian as an independent Swiss company and tokenized most of its 1 million shares on Cardano using the new CIP-0113 programmable-token standard. The framework allows issuers to set transfer rules and controls, making Veridian’s shares its first live equity use case. Veridian develops digital identity tools for people, organizations and AI agents using open credential standards, and its wallet is available on iOS and Android. The company has mapped Utah’s digital-identity requirements and is already used by Cardano-based AI-agent network Masumi. Veridian plans to seek strategic investors in 2027.
