Cardano Foundation spins out Veridian, tokenizes shares on new standard

Cardano Foundation spun out its digital-identity project Veridian as an independent Swiss company and tokenized its shares on the Cardano blockchain using the network’s new programmable-token standard.

Why it matters. This move gives Cardano its first live example of the programmable-token framework and allows Veridian to better serve the market for verifiable AI agent identity.