Cardano Foundation Joins CMTA for Tokenized Shares

The Cardano Foundation has joined Switzerland’s Capital Markets and Technology Association (CMTA), integrating its programmable token standard into an industry group dedicated to regulated securities standards. According to CryptoNews, the Swiss association recognized Cardano’s CIP-0113 token standard as technically equivalent to its CMTAT framework for tokenized shares following a decision announced on October 7.

Standards and Compliance

The recognition covers equity securities while explicitly excluding tokenized debt and the underlying Cardano blockchain infrastructure. Individual issuers must still meet Swiss legal and certification requirements before receiving official CMTA certification. The technical standard permits approved administrators to maintain eligible holder lists, block prohibited transactions, suspend transfers, and carry out forced transfers where allowed by applicable rules.

Cardano launched CIP-0113 on its mainnet on October 7, introducing programmable controls for digital assets. The Foundation previously used the standard to tokenize shares in Veridian, a company spun out from the Foundation, which issued shares as ledger-based securities under Switzerland's distributed ledger legislation.

Key Facts

• The Cardano Foundation joined Switzerland's Capital Markets and Technology Association on October 29.
• 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 underlying infrastructure.
• Cardano previously used CIP-0113 to tokenize shares in Veridian, its spun-out digital identity company.