DeFi· ★★★· neutral·

Cardano Foundation spins out digital identity firm Veridian

  • —Veridian is now an independent commercial business led by CEO Thomas A. Mayfield
  • —Veridian's shares are tokenized on Cardano under CIP-0113 as ledger-based securities under Switzerland's DLT Act
  • —The company says it has mapped all 142 requirements in Utah's state-endorsed digital identity guide
  • —Veridian plans to seek strategic partners and investors in 2027, including for US expansion
Why it matters: The spinout demonstrates real-world tokenized securities issuance on Cardano and its push into government digital identity markets.
#ADA
Source: crypto.news
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