# Cardano Foundation Veridian launch and tokenization

> Live situation record from CLSTR: https://clstr.news/situations/cardano-foundation-veridian-launch-and-tokenization
> Updated: 2026-10-11T02:37:32.000Z. Sources: 6. Developments: 2.

The Cardano Foundation has launched Veridian, an independent commercial entity focused on digital identity solutions. Developed over a three-year period, Veridian aims to provide tools for governments, enterprises, and individuals to verify identity and authority in digital interactions without centralized databases.

Veridian’s shares have been issued as ledger-based securities under Switzerland’s DLT Act, marking the first asset deployment on the Cardano blockchain using the CIP-0113 programmable token standard. This standard allows for embedded controls such as transfer restrictions and identity checks. 

Following the launch, reports indicated that the foundation has tokenized Veridian shares. This activity occurred alongside the launch of the RealFi credit protocol and various ecosystem developments, including network upgrade discussions and a vote regarding minPoolCost.

## Timeline

### 2026-10-11: Cardano Foundation tokenizes Veridian shares

The Cardano Foundation has tokenized Veridian shares, and the RealFi credit protocol is reportedly live amid fluctuating ADA market reports.

4 sources. https://clstr.news/cluster/cardano-foundation-tokenizes-veridian-shares

### 2026-10-08: Cardano Foundation spins out digital identity firm Veridian

The Cardano Foundation has spun out Veridian, an independent digital identity firm. Veridian's shares are the first to be tokenized on Cardano using the new CIP-0113 programmable token standard.

2 sources. https://clstr.news/cluster/cardano-foundation-spins-out-digital-identity-firm-veridian

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Cite as: Cardano Foundation Veridian launch and tokenization. CLSTR, https://clstr.news/situations/cardano-foundation-veridian-launch-and-tokenization