Allocated $22.1M across operational resilience, education, and adoption, and an additional $7.1 million was dedicated to core operational capacity

[Zug, Switzerland, July 10th 2025] – The Cardano Foundation, an independent, Swiss-based not-for-profit organization dedicated to advancing the public digital infrastructure of the Cardano blockchain, today published its second annual Financial Insights Report. The report underscores the Foundation's continued commitment to transparency, integrity, and community engagement by detailing its financial allocations and highlighting tangible impacts across its core areas: operational resilience, education, and adoption. The report is now available on-chain, using the Cardano Foundation’s secure, transparent financial reporting solution, Reeve.

Speaking about the release of the 2024 Financial Insights Report on Reeve, Frederik Gregaard, CEO of the Cardano Foundation, said, "As stewards of an open-source ecosystem committed to transparency and accountability, we are pleased to share detailed, verifiable insights into our financial activities, on-chain through our recently launched secure financial reporting tool, Reeve. The Cardano Foundation adheres to rigorous governance and financial management principles, ensuring that our limited assets are used effectively and prudently. The focus is on maintaining a sustainable balance between costs and income while maximizing impact for the broader ecosystem.”

In line with its central mission of bridging Cardano and the world by advancing it as a public digital utility, the Cardano Foundation has intensified its efforts in 2024 to enhance the diversity, quality, and quantity of blockchain activities. Achieving a balanced mix of traditional and blockchain-native use cases, which the Foundation supports through strategic initiatives across operational resilience, education, and adoption.

Operational Resilience, Education, and Adoption

The Cardano Foundation strengthened operational resilience through key contributions to the Chang hard fork, enabling decentralized governance, blockchain interoperability via the Inter-Blockchain Communication Protocol, and open-source development, including the PRAGMA association. Educational initiatives expanded with the launch of the Cardano Blockchain Certified Associate program; partnerships with Petrobras, Universidad Tecnológica Nacional, and Women in Tech; plus, MiCA-compliant sustainability reporting for regulatory transparency. Enterprise adoption accelerated with the development of compelling use cases such as a blockchain-based ballistic identification system (D-ABIS) in collaboration with SAT (Scientific Analytical Tools) and an innovative real estate platform with YurekAI and Tokenance.

Financial Summary

In 2024, the Cardano Foundation allocated $22.1 million across its core areas of adoption, operational resilience, and education. An additional $7.1 million was dedicated to core operational capacity, covering legal, policy, governance, finance, and infrastructure to enhance delivery and accountability. As of 31 December 2024, the Foundation’s assets stood at $659.1 million, comprising 76.7% in ADA, 14.9% in BTC, and 8.3% in cash, cash equivalents, and financial assets. Income was primarily derived from staking rewards, totaling 17.1 million ADA from its 599.2 million ADA holdings.

Read the Financial Insights 2024 Report now and read more about Reeve here.