Cardano Foundation spins out digital identity firm Veridian as independent company
Image: Crypto.newsOn October 8 2026, the Cardano Foundation announced its digital identity platform Veridian is now an independent commercial company after three years of internal development. Veridian's shares were tokenized on Cardano as the first asset using the new CIP-0113 programmable token standard, which launched on mainnet the day before the announcement. The shares are issued as ledger-based securities under Switzerland's DLT Act. Veridian's tools support verifiable credentials for individuals, organizations and AI agents, and it has aligned with all 142 requirements of Utah's state-endorsed digital identity guide.
Key points
- Veridian's shares are the first asset issued on Cardano using the new CIP-0113 programmable token standard.
- Veridian's shares are issued as ledger-based securities under Switzerland's DLT Act.
- Veridian's tools support verifiable credentials for individuals, organizations and AI agents, aligned with Utah's 142-requirement digital identity guide.
Why it matters
The spinout advances decentralized digital identity tools that avoid central databases, and the CIP-0113 token standard deployment demonstrates Cardano's programmable token capabilities are live for real-world use cases.
Price context · ADA
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$0.2492
Now
$0.2468
Change since
−0.97%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Cardano Foundation spins out Veridian as an independent digital identity company
Coverage timeline
- First reported by Crypto.news
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
