Cardano Foundation Spins Out Digital Identity Firm Veridian
Veridian is being spun out of the Cardano Foundation with tokenized equity and plans to pursue strategic partners and investors in 2027, The Defiant reports.
The Cardano Foundation is spinning out digital identity company Veridian in a move involving tokenized equity, according to The Defiant.
Veridian intends to look for strategic partners and investors in 2027. The report places that outreach after the spinout.
Foundation executives will continue to hold seats on Veridian’s board, maintaining a governance connection between the organizations.
Source: The Defiant
