Cardano: a historic alliance for the future of blockchain

An unprecedented event shakes the blockchain world: Cardano is gearing up to shift gears thanks to a historic collaboration among its key players.

Cardano Foundation, EMURGO, Input Output (IO), Intersect, and Midnight Foundation have announced a joint proposal to bridge the infrastructural gaps that have so far hindered the ecosystem’s growth.

The proposal, submitted to the community on November 27, has already garnered over 60% approval from delegated representatives (DReps), marking a record in support and speed of approval in Cardano’s governance history.

A Plan to Overcome Infrastructure Limitations

Clear and Targeted Objectives

The core of the proposal is a request for the allocation of 70 million ada from the Cardano treasury, aimed at funding integrations deemed essential for the future of the blockchain.

The objectives are ambitious and well-defined: to introduce first-tier stablecoin, institutional bridges for blockchain interoperability, oracle services, institutional-grade custody infrastructures and wallets, and on-chain analytics platforms.

These integrations are deemed essential to support the next generation of on-chain activities, particularly in high-growth sectors such as Decentralized Finance (DeFi), Decentralized Physical Infrastructure Networks (DePIN), and the tokenization of Real World Assets (RWA). The strategy is clear: join forces to reduce costs, accelerate infrastructure development, and ensure that Cardano has the necessary foundations to thrive.

A Strategic Investment for Growth

A Community-Driven Decision

The proposal, presented through a Governance Info Action, represents an unprecedented strategic investment for Cardano.

The goal is to provide the necessary tools to expand the ecosystem, making it more robust and capable of supporting applications ranging from DeFi to DePIN and even real-world assets.

Charles Hoskinson, CEO of IO and founder of Cardano, emphasized the importance of this initiative:

Frederik Gregaard, CEO of the Cardano Foundation, also highlighted the value of teamwork:

Eliminating Friction Points

Phillip Pon, CEO of EMURGO, added:

Fahmi Syed, president of the Midnight Foundation, emphasized the importance of a solid and reliable infrastructure:

Intersect: Coordination for Transparency

A Shared and Verifiable Administration

Jack Briggs, interim executive director of Intersect, explained the organization’s role:

First Concrete Steps Towards Innovation

Integrations Already Planned

Although many details of the partnerships remain confidential for commercial sensitivity reasons, the first wave of integrations already includes the arrival of market-leading stablecoins, oracle services, and one of the industry’s main cross-chain bridges, in addition to partnerships for infrastructure and analytics.

The Key Players in the Cardano Ecosystem

Input Output

Input Output (IO) is one of the world’s leading blockchain engineering and research companies, committed to building a sustainable Web3 ecosystem. IO focuses on scalability, security, and real-world adoption through pioneering research and cutting-edge engineering.

Midnight Foundation

The Midnight Foundation promotes the development and adoption of the Midnight network, a privacy-oriented blockchain based on advanced technologies such as zero-knowledge proofs and cooperative tokenomics.

Intersect

Intersect is a member-based organization, established to ensure the continuity and future development of the Cardano ecosystem, promoting transparency, security, and innovation.

EMURGO

EMURGO is one of the co-founders of Cardano, focused on the commercial adoption of blockchain and asset tokenization, with the aim of bridging traditional finance to Web3.

Cardano Foundation

The Cardano Foundation is a Swiss non-profit organization committed to promoting Cardano as a public digital infrastructure, developing tools, enhancing operational resilience, and driving real-world use cases.

Towards a New Era for Cardano

The approval of the 70 million ada proposal marks a turning point for Cardano. With participatory governance and a shared vision, the ecosystem is gearing up to overcome infrastructural challenges and position itself as a benchmark for the blockchain of the future.

The union of major organizations represents not only a strategic investment but also the promise of sustainable, innovative growth open to new opportunities.