Cardano Foundation spins out Veridian, tokenizes its shares on new standard
Source: CoinDesk ·
From the source
Veridian became the first company to use Cardano’s new programmable-token standard for its equity, though the tokenized shares are not being offered to the public. The Cardano Foundation spun out Veridian, its digital-identity project, as an independent company and tokenized its shares on the Cardano blockchain using the network’s new programmable-token standard. Veridian, based in Switzerland, will build tools for governments, businesses and AI agents to prove their identity and specify their online activities. The company is led by Thomas A. Mayfield, a blockchain engineer who previously led decentralized trust and identity solutions at the Cardano Foundation. Veridian plans to seek strategic investors in 2027, the foundation said Thursday. “Veridian is the first to tokenize its own shares on the new CIP-0113 that we announced yesterday,” Frederik Gregaard, the Cardano Foundation’s CEO and Veridian’s chair, told CoinDesk in an email statement. The company has 1 million shares in…