Cardano Approves 70M ADA Treasury Spend to Fund Key Infrastructure Upgrades
Cardano’s core development teams have secured approval for a 70 million ADA treasury withdrawal to finance critical infrastructure projects, marking one of the most coordinated ecosystem efforts in years.
The proposal, supported by Input Output, the Cardano Foundation, EMURGO, Intersect, and the Midnight Foundation, passed a governance vote with over 60% support from delegated representatives—the fastest approval since the network’s on-chain voting system launched.
Funds will be allocated to stablecoin development, credible oracle feeds, cross-chain bridges, custody integrations, and analytics tools, addressing long-standing gaps that have constrained DeFi growth and broader network adoption.
“This is about putting aside historic differences and uniting for the greater good of the ecosystem,” said Charles Hoskinson. “Focusing on these five areas tackles fundamental challenges and lays the foundation for a robust ecosystem supporting DeFi, DePIN, and real-world assets.”
The Cardano Foundation highlighted the vote as proof that governance can coordinate large-scale spending. EMURGO emphasized the upgrades as essential for institutional adoption, while Intersect, which will manage the funds, said the goal is to accelerate delivery rather than fund further research. Early targets include major stablecoin issuers and a leading cross-chain bridge provider, though specifics remain confidential.
With community backing secured, the next challenge is execution—translating this unified push into the liquidity and application growth needed to strengthen ADA and the broader Cardano ecosystem.
