According to CoinMeta, the Cardano Foundation announced the split of its digital identity project Veridian into an independent company, and will tokenize the company's shares based on the CIP-0113 standard. Veridian has become the first company to adopt this standard for equity tokenization; so far, 1 million shares have been issued, with the majority of these shares already tokenized and not yet available for public sale. Headquartered in Switzerland, Veridian is led by Thomas A. Its mission is to provide digital identity verification tools for governments, enterprises, and AI agents, with plans to seek strategic investors in 2027.