A Cardano spin-out just tokenized its own shares, and it is the first test of a new standard built for regulated assets.
📌 What happened
Per CoinDesk, the Cardano Foundation spun out its digital identity project, Veridian, as an independent Swiss company. Veridian tokenized most of its 1 million shares on Cardano using CIP-0113, a programmable token standard introduced on October 7. The shares are not offered to the public.
🔍 Why it matters
• CIP-0113 lets issuers decide who can receive a token and, where rules require it, freeze or restrict transfers
• That is the kind of control regulated issuers ask for before putting equity onchain
• Veridian already has a live mobile wallet, and an AI agent payment network on Cardano uses it for identity
👀 What to watch
• Whether outside companies adopt CIP-0113 for their own securities
• The counter-argument: a foundation tokenizing its own spin-out is a showcase, not market demand, and $ADA is down about 4.8% today, per CoinGecko, so the market is not treating it as a catalyst yet
💬 Do compliance controls help or hurt tokenized shares on public chains?
#Cardano #Tokenization
📌 What happened
Per CoinDesk, the Cardano Foundation spun out its digital identity project, Veridian, as an independent Swiss company. Veridian tokenized most of its 1 million shares on Cardano using CIP-0113, a programmable token standard introduced on October 7. The shares are not offered to the public.
🔍 Why it matters
• CIP-0113 lets issuers decide who can receive a token and, where rules require it, freeze or restrict transfers
• That is the kind of control regulated issuers ask for before putting equity onchain
• Veridian already has a live mobile wallet, and an AI agent payment network on Cardano uses it for identity
👀 What to watch
• Whether outside companies adopt CIP-0113 for their own securities
• The counter-argument: a foundation tokenizing its own spin-out is a showcase, not market demand, and $ADA is down about 4.8% today, per CoinGecko, so the market is not treating it as a catalyst yet
💬 Do compliance controls help or hurt tokenized shares on public chains?
#Cardano #Tokenization