Cardano seeks 70 million ADA from Treasury for core infrastructure buildout

A coalition of key Cardano organizations has jointly submitted a budget proposal seeking 70 million ADA from the Treasury to fund critical integrations considered vital to the network’s 2026 growth plan.

The collaborative effort is led by Input | Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation.

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The budget is designed to support five key pillars: onboarding tier-one stablecoins, institutional custody and wallets, advanced on-chain analytics, cross-chain bridges, and globally recognized pricing oracles.

These integrations are intended to serve as Cardano’s missing foundational utilities, providing the infrastructure needed for broader DeFi, real-world assets, and institutional participation.

Approval by the Delegated Representatives and the Constitutional Committee is required before funds can be allocated, as noted in the release.

The core entities have advanced negotiations with multiple tier-one integration partners in recent months. Intersect’s role as administrator is supported and endorsed by its governing board.

The proposal follows a temporary chain partition on the Cardano blockchain caused by a crafted, malformed delegation transaction, according to Intersect. The issue originated from a cryptographic library bug identified in 2022 on the Preview testnet, which led the network to split into two chains.