Cardano achieves CMTA token standard recognition as ADA trades near $0.19

The Cardano Foundation announced that it has joined the Capital Markets and Technology Association (CMTA) in Switzerland, marking a significant step in advancing regulated tokenization of securities on the Cardano blockchain. CMTA has also recognized Cardano’s CIP-0113 programmable token standard as technically equivalent to its own CMTAT framework, which governs the certification of tokenized shares. The Foundation became a member of CMTA following an official announcement on October 29. CMTA operates as a key Swiss industry association, focused on developing standards for issuing and managing securities using distributed ledger technology.

Source: CoinTurk News