Cardano Foundation spins off digital identity project Veridian into independent company

BlockBeats news, October 8: The Cardano (ADA) Foundation has spun off its digital identity project Veridian into an independent Swiss company and tokenized the majority of its 1 million shares on the Cardano blockchain. Veridian becomes the first company to adopt the Cardano CIP-0113 standard, allowing token issuers to impose transfer restrictions and freeze or seize assets to meet regulatory requirements. Veridian's mobile wallet is now live, and it is developing related credentials to help individuals, businesses, and AI agents verify identity and permissions without relying on centralized databases.