1,000,000 shares just got moved onto a public blockchain—but the issuer still holds the power to freeze and seize 🦖
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The Cardano Foundation has officially split off its digital identity project, Veridian, into a standalone Swiss company. Right after that, it tokenized all its own 1,000,000 shares and directly moved them to the Cardano chain.
It’s using Cardano’s newly published standard from Tuesday, CIP-0113. The most special thing about this standard is that the token issuer can add rules: who can receive it, whether it can be frozen, whether it can be seized, and whether transfers can be restricted—everything is written into the chain in advance ⚖️
The CEO of the Foundation and chairman of Veridian, Frederik Gregaard, put it very plainly: people have talked for years about tokenized equity. Now, on Cardano, there is finally a real operating company that has made it happen—and this is the first equity use case after CIP-0113 went live.
Veridian is headquartered in Switzerland. Its head, Thomas A. Mayfield, previously managed decentralised trust and identity work within the Foundation. The company’s mobile wallet is already live. It plans to seek strategic investors again in 2027. What it’s building is a way for individuals, enterprises, and even AI agents to prove who they are on their own, using the two open standards KERI and ACDC, without relying on centralized databases.
Why does it need the ability to freeze? Because these features were originally designed for regulated products like stablecoins and tokenized securities. The issuer needs to perform identity checks—sanctions lists, even court orders—every time the asset changes hands. In plain terms, this on-chain stock comes with a built-in compliance switch from birth.
My view is that what’s truly worth paying attention to here isn’t yet another company issuing tokens. It’s the fact that programmability and freezing capability are being tied together. When tokenized stocks finally start to take off, they’ll inherently come with compliance permissions. That’s completely different from the early crypto narrative of “my private key, I control it.”
For the industry, this may not necessarily be a bad thing. What institutions fear most is that nobody on-chain can be held responsible for assets. But ordinary holders will have to get used to a new reality step by step: the tokenized stock in your wallet may not be transferrable to whomever you want. A Swiss company with only 1,000,000 shares has put this contradiction on the table for the first time.
Do you think tokenized stocks should come with the ability to freeze and seize? Let’s discuss in the comments 👀
Click the avatar to watch the live stream.
Every day, I’ll help you track the crypto industry’s top stories— not just what’s happening, but also help you understand the logic and opportunities behind it 👀🚀
📣 盘面异动群里喊
The Cardano Foundation has officially split off its digital identity project, Veridian, into a standalone Swiss company. Right after that, it tokenized all its own 1,000,000 shares and directly moved them to the Cardano chain.
It’s using Cardano’s newly published standard from Tuesday, CIP-0113. The most special thing about this standard is that the token issuer can add rules: who can receive it, whether it can be frozen, whether it can be seized, and whether transfers can be restricted—everything is written into the chain in advance ⚖️
The CEO of the Foundation and chairman of Veridian, Frederik Gregaard, put it very plainly: people have talked for years about tokenized equity. Now, on Cardano, there is finally a real operating company that has made it happen—and this is the first equity use case after CIP-0113 went live.
Veridian is headquartered in Switzerland. Its head, Thomas A. Mayfield, previously managed decentralised trust and identity work within the Foundation. The company’s mobile wallet is already live. It plans to seek strategic investors again in 2027. What it’s building is a way for individuals, enterprises, and even AI agents to prove who they are on their own, using the two open standards KERI and ACDC, without relying on centralized databases.
Why does it need the ability to freeze? Because these features were originally designed for regulated products like stablecoins and tokenized securities. The issuer needs to perform identity checks—sanctions lists, even court orders—every time the asset changes hands. In plain terms, this on-chain stock comes with a built-in compliance switch from birth.
My view is that what’s truly worth paying attention to here isn’t yet another company issuing tokens. It’s the fact that programmability and freezing capability are being tied together. When tokenized stocks finally start to take off, they’ll inherently come with compliance permissions. That’s completely different from the early crypto narrative of “my private key, I control it.”
For the industry, this may not necessarily be a bad thing. What institutions fear most is that nobody on-chain can be held responsible for assets. But ordinary holders will have to get used to a new reality step by step: the tokenized stock in your wallet may not be transferrable to whomever you want. A Swiss company with only 1,000,000 shares has put this contradiction on the table for the first time.
Do you think tokenized stocks should come with the ability to freeze and seize? Let’s discuss in the comments 👀
Click the avatar to watch the live stream.
Every day, I’ll help you track the crypto industry’s top stories— not just what’s happening, but also help you understand the logic and opportunities behind it 👀🚀