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Cardano Foundation Spins Out Veridian Identity Unit and Tokenizes Equity Onchain

Summary by Coin Desk
The Cardano Foundation spun off its digital identity project Veridian into an independent Swiss firm, using its new CIP-0113 standard to tokenize the company's equity onchain

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🚨 Cardano Foundation tokenized Veridian shares on the blockchain, transforming it into an independent company. 📱 Veridian launched its mobile wallet, which works for digital identity and authorization verification, on iOS and Android. 🤖 Veridian infrastructure is also used to verify AI agents who act on behalf of individuals and companies. 🪙 This new step in the Cardano ecosystem highlights the CIP 0113 standard on the $ADA network for regul…

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Cardano Foundation spins out Veridian as an independent digital identity company

Veridian's independence could accelerate digital identity innovation, impacting global security, privacy standards, and blockchain adoption.

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Thursday, October 8, 2026.
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