Concordium is a public, permissionless Layer-1 blockchain designed to combine verified digital identity, cryptographic privacy, and regulatory compliance within the base protocol. Its overarching goal is to provide a trust- and compliance-focused infrastructure for payments and financial applications ("PayFi"), stablecoins, and enterprise use cases.

Project Function

• Protocol Native ID Layer: A Layer-1 identification framework anchors user accounts to verified off-chain identities via regulated identity providers, while allowing regulators to revoke anonymity under specified legal conditions.
• Zero-Knowledge Identity Framework: Concordium uses zero-knowledge proofs (ZKPs) so users can prove attributes (e.g., age or jurisdiction) without disclosing underlying personal data.
• Protocol-Level Token Module (PLTs): Tokens (including stablecoins) can be issued at the protocol level rather than only through smart contracts, with identity checks and compliance embedded in token operations.
• Predictable Transaction Fees: Transaction fees are denominated against a fiat reference (EUR), keeping user costs relatively stable despite CCD price volatility.
• Performance: The network targets approximately 2,000 transactions per second (TPS) and 2–4 second transaction finality.
• Proof-of-Stake (PoS) Consensus: A PoS mechanism with Byzantine Fault Tolerant-style finality uses a lottery to select block proposers and requires ≥ two-thirds of staked CCD to certify blocks.

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 other on-chain operations, with fees pegged in fiat terms (EUR) for predictability.
• Smart contract gas to execute contracts and protocol-level token operations.
• Medium of exchange for general payments and commercial transactions on the network.
• Staking asset for validators and delegators participating in Concordium’s PoS consensus and earning protocol rewards.
• Governance asset, allowing CCD holders to elect Governance Committee members and, over time, vote on protocol proposals under the decentralization roadmap.
• Utility/Collateral within the Concordium DeFi ecosystem (e.g., as a trading and liquidity asset on Concordex DEX).

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.