Volvo Group is testing an in-house cryptocurrency to settle payments across its supply chain, a senior logistics exec revealed on a Cardano Foundation podcast. It runs as an enclosed, permissioned network between Volvo, its material suppliers and its transport partners.

The token targets real operational pain — trust gaps between suppliers, slow payment reconciliation and compliance tracking — with a shared onchain ledger logging every transportation order in the network. No public or tradable token was disclosed; the crypto is internal-only, not for speculation. It builds on Volvo’s blockchain work dating back to a supply-chain traceability push it started in 2018.