Cardano Foundation spins out digital identity firm Veridian
The Cardano Foundation has spun out Veridian as an independent digital identity company after three years of development, with its shares tokenized on Cardano and plans to seek investors in 2027. The shares were issued as ledger-based securities under Switzerland's DLT Act, making them the first asset deployed on Cardano using the new CIP-0113 token standard. Veridian's tools are already used by Masumi, a Cardano-based AI agent payment network, to verify agent identity before payments.
Cardano puts issuer controls inside its tokens. Who can use them?
Cardano’s CIP-113 programmable token framework enables issuers to embed transfer rules and optional controls such as allowlists, freezes, and seizures directly into specific tokens. These controls target regulated assets like stablecoins and tokenized securities. crypto.news
Rain seeks U.S. trust bank amid crypto charter lawsuit
Rain has applied to establish a U.S. national trust bank that could provide fiduciary custody for digital assets and U.S. dollars, manage stablecoin reserves, and issue dollar-backed stablecoins if approved by the OCC. The application comes amid a lawsuit challenging the regulator’s framework for crypto-focused national trust bank charters.
OKX seeks SEC approval for 63 tokenized U.S. stocks
OKX, backed by ICE (owner of the NYSE) at a $25 billion valuation, is seeking SEC approval to bring 63 tokenized U.S. stocks onto a regulated path, building on its joint venture with ICE to tokenize NYSE-listed equities. This follows OKX's earlier rollout of 40+ tokenized U.S. stocks for non-U.S. customers, traded 24/7 against USDT. The move comes as the SEC has already approved similar tokenized trading for Nasdaq, deepening the race to merge equities with blockchain infrastructure.
Chainlink powers data for new Open USD stablecoin
Open Standard, a consortium of over 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase, has launched Open USD (OUSD), a dollar-pegged stablecoin that shares most of its reserve earnings with participating businesses. Chainlink powers the real-time price data keeping the stablecoin secure and properly pegged, reinforcing its role as the leading oracle network linking blockchains to real-world financial data. Businesses can mint and redeem Open USD fee-free and without volume limits, making it a shared-economy alternative to traditional single-issuer stablecoins.
What is USDAU? All Unity launches a MiCA compliant dollar stablecoin
USDAU is AllUnity’s MiCA-compliant dollar stablecoin, designed to provide a regulated digital dollar backed by robust reserve and compliance mechanisms.
