Cardano Foundation joins Swiss group to support tokenized shares

Cardano Foundation has joined Switzerland’s Capital Markets and Technology Association (CMTA), bringing its recently launched programmable token standard into an industry group working on standards for regulated securities. Summary Cardano Foundation has joined Switzerland’s Capital Markets and Technology Association (CMTA). CMTA recognized Cardano’s CIP-0113 token standard as technically equivalent to CMTAT for tokenized shares. The October 6 recognition covers equity securities but excludes tokenized debt and Cardano’s underlying blockchain infrastructure. Cardano has already used CIP-0113 to tokenize shares in Veridian, a company spun out from the Foundation. Individual issuers must still meet Swiss legal and certification requirements before receiving CMTA certification. The Foundation will work with CMTA to advance standards for tokenized capital markets, according to an October 29 announcement. The association confirmed the membership in a separate statement, following its decision this month to recognize Cardano’s CIP-0113 token standard as technically equivalent to its CMTAT framework for tokenized shares. The Cardano Foundation is now a member of CMTA.Following the launch ...