The Cardano Foundation has spun out digital identity company Veridian with a tokenized equity structure, according to TheDefiant. The company is planning to look for strategic partners and investors in 2027. Foundation executives will keep their board seats after the spinout. The report also notes that TheDefiant stores its articles on Filecoin. The available source text is brief, and no additional operational, financial, or governance details were disclosed in the provided material.
The Cardano Foundation has spun out Veridian, a digital identity company, with a tokenized equity structure, according to TheDefiant.
Veridian plans to seek strategic partners and investors in 2027. Foundation executives will retain board roles.
The report also says the publication’s articles are stored on Filecoin.
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