CryptoMedium•8 October 2026•
1 min read
Cardano Foundation Launches Veridian with Tokenized Equity on CIP-0113 Standard
Key Facts
1The Cardano Foundation spun out Veridian as an independent Swiss company and tokenized 1 million of its shares on the Cardano blockchain.
2Veridian is the first company to utilize the new CIP-0113 programmable-token standard for equity representation.
The Cardano Foundation spun out Veridian as an independent Swiss company and tokenized 1 million of its shares on the Cardano blockchain. Crypto Economy reported that Veridian is the first company to utilize the new CIP-0113 programmable-token standard for equity representation.
The launch demonstrates the practical application of the recently deployed CIP-0113 standard on the Cardano mainnet, enabling compliant and programmable digital assets. This move highlights the protocol's institutional utility by providing a framework for the tokenization of real-world equity.