The Cardano Foundation has spun out Veridian, its digital-identity project, as an independent Swiss company and tokenized most of its 1 million shares on the Cardano blockchain using the new CIP-0113 programmable-token standard. This standard allows issuers to impose transfer restrictions and freeze or seize tokens to comply with regulations, marking a practical use case for tokenized equity. Veridian develops digital credentials for verifying identities without a central database and plans to seek strategic investors in 2027. This move demonstrates Cardano's advancement in regulated tokenized securities and digital identity solutions, especially for AI agents and government use cases.
The Cardano Foundation's spinout of Veridian and its tokenized equity is presented here with Pluang's market data as of Oct 08, 2026 21:15 WIB: of 50 major cryptocurrencies priced on Pluang, 25 rose and 24 fell today. Notable movers include AVAX at Rp189.772 with a 1-day change of -6.10%, GRT at Rp503 with +5.02%, and ALGO at Rp2.181 with +4.96%. The most notable figure is AVAX's 70% buy order activity on Pluang.
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