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Cardano spins out Veridian, issuing its shares as first assets under new CIP-0113 token standard.

Protocol Fundamentals
08 Oct 2026
Crypto Briefing
View Source
Bullish
Cardano spins out Veridian, issuing its shares as first assets under new CIP-0113 token standard.

Cardano Foundation announced that Veridian, its digital identity platform, will become an independent company. Veridian's shares were issued on the Cardano blockchain as the first assets under the new CIP-0113 programmable token standard, launched just a day earlier. The company focuses on verifiable credentials for individuals, organizations, and AI agents, aiming to reduce identity fraud losses, which reached $27.3 billion in the US in 2025. Veridian plans to expand partnerships and services across the US, Europe, Asia-Pacific, and AI identity verification in 2027.

The Cardano Foundation's spinout of Veridian as an independent digital identity company is presented here with a snapshot of Pluang's cryptocurrency market as of Oct 08, 2026 19:02 WIB. Among 50 major cryptocurrencies, 23 rose and 26 fell today. Notably, SXP (Solar) dropped sharply by 46.27% to Rp37 with a typical hold time of 94 days, while ALGO (Algorand) and BAL (Balancer) gained 13.12% and 11.14%, priced at Rp2,362 and Rp16,297 respectively, with ALGO showing a strong buy order activity of 71% and a longer hold time of 129 days compared to BAL's 85 days.

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