Cardano seeks 70 million ADA from Treasury for core infrastructure buildout

A coalition of key Cardano organizations, including Input | Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation, has submitted a joint budget proposal requesting 70 million ADA from the Treasury. This funding is earmarked to support five critical infrastructure pillars essential for the network's expansion toward 2026: onboarding tier-one stablecoins, institutional custody and wallets, advanced on-chain analytics, cross-chain bridges, and globally recognized pricing oracles. These integrations are viewed as necessary foundational utilities to bolster Cardano's capabilities in Decentralized Finance (DeFi), real-world assets, and institutional adoption. The proposal requires approval from the Delegated Representatives and the Constitutional Committee before the funds can be allocated. This initiative follows a recent, temporary chain partition on the Cardano blockchain caused by a delegation transaction bug.

(Source：Crypto Briefing)