Concordium is a public, permissionless Layer-1 blockchain purpose-built to deliver next-generation privacy infrastructure.

By embedding zero-knowledge proofs (ZKPs) and verified identity at the protocol level, this powers privacy infrastructure across payments, PayFi, stablecoins, and enterprise use cases, without compromising trust or compliance-readiness.

Project Function

• Protocol Native ID Layer:
  A Layer-1 identity framework links accounts to verified real-world identities through regulated identity providers, without placing personal data on-chain. 

• Zero-Knowledge Identity Framework:
  Concordium uses zero-knowledge proofs (ZKPs) so users can prove attributes such as age, residency, or eligibility without revealing underlying personal information, preserving privacy at the protocol level.

• Protocol-Level Token Modules (PLTs):
  Tokens including stablecoins and regulated assets can be issued directly at the protocol level rather than solely through smart contracts, with identity checks and compliance rules embedded into token operations by default.

• Predictable Transaction Fees:
  Transaction fees are referenced against a fiat benchmark (EUR), providing predictable and stable user costs regardless of CCD market volatility, a key requirement for payments and financial applications.

• Performance:
  The network is designed for real-world usage, targeting approximately 2,000 transactions per second (TPS) with 2-4 second transaction finality.

• Proof-of-Stake (PoS) consensus:
  Concordium uses Proof-of-Stake to choose block producers at random and requires approval from at least two-thirds of staked CCD to finalize blocks, delivering strong security and decentralization.

Token Utility

CCD is the native token of the Concordium Layer-1 blockchain. Its primary functions are:

• Payment of transaction fees for transfers, smart contract calls, and protocol-level token operations, with fees referenced in fiat terms (EUR) for predictability.

• Smart contract gas to execute contracts and protocol-level asset logic.

• Medium of exchange for payments and commercial transactions across the Concordium network.

• Staking assets for validators and delegators securing the network and earning protocol rewards.

• Governance asset, enabling CCD holders to participate in network governance, including the election of Governance Committee members and future protocol proposals under the decentralization roadmap.

• Utility and collateral within the Concordium ecosystem, including use as a trading and liquidity asset.

About the Founders

Lars Seier Christensen – Founder and Chairman of Concordium. Lars was previously the co-founder and former CEO of Saxo Bank, a pioneering online investment bank. Lars also runs a family office (Seier Capital) and has been an investor in various tech ventures.

Risks of CCD

Like an investment in other crypto assets, there are some general risks to investing in CCD. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. 

For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the  Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in CCD is subject to the following specific risks:

• CCD operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with CCD. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The CCD community and Concordium founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of CCD have no recourse to the CCD community, Concordium founding team, or Uphold if CCD declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing CCD on the Uphold Platform, Uphold performed due diligence on CCD and determined that CCD is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following:

• The creation, governance, usage, and design of CCD, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.

• The supply, demand, maturity, utility, and liquidity of CCD.

• Any marketing materials put forward by the CCD social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

• Material technical risks associated with CCD, including any code defects, security breaches and other threats concerning CCD and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

• Legal and regulatory risks associated with CCD, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of CCD.