Cardano Foundation has become a member of Switzerland's Capital Markets and Technology Association (CMTA), which recognized Cardano's CIP-0113 token standard as technically equivalent to CMTA's CMTAT framework for tokenized shares. This recognition allows companies to use Cardano's programmable token standard for issuing equity securities under Swiss law, though individual issuers must still meet legal and certification requirements. The Foundation has already applied CIP-0113 to tokenize shares in Veridian, a spinout company. Moving forward, Cardano and CMTA will collaborate to develop standards for tokenized capital markets, expanding blockchain use in regulated securities.
Cardano Foundation's new role in Swiss tokenized shares regulation provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 29, 2026 17:53 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell today. Notable movers include ONE (Harmony) at Rp23 with a 1-day change of -4.75% and Pluang order activity of 71% Sell / 29% Buy, AXS (Axie Infinity) at Rp16,838 with -4.31% change and 99% Sell / 1% Buy activity, and KSM (Kusama) at Rp67,269 with -3.94% change and 87% Sell / 13% Buy activity.
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