Withdraw ₳70,000,000 for Cardano Critical Integrations Budget
This treasury withdrawal is submitted pursuant to the Budget Info Action “Cardano Critical Integrations Budget” (gov_action13a2dqgwxum7d6kjfprcs57cf9733ek2dkt5qnuhqd4ll5ntcwu7sqluwkxd) and can only be ratified if that Budget Info Action is approved by DReps and the Constitutional Committee. This governance action requests to withdraw ₳70,000,000 from the Cardano Treasury to establish a strategic integration fund supporting the onboarding of critical infrastructure, including tier-one stablecoins, institutional digital asset custody and wallet infrastructures, on-chain analytics platforms, cross-chain bridges, and pricing oracles to the Cardano ecosystem. These integrations are foundational for tier-one stablecoin deployment, large scale DeFi growth, and acceleration of RWA and DePin activity, strengthening Cardano’s long term fee generation and treasury sustainability. This project is being driven through close collaboration between Input | Output Global, the Cardano Foundation, and EMURGO, together with Midnight Foundation and Intersect, all of whom are actively engaged in negotiations with integration partners. Representatives from all five organizations form the Steering Committee, which is responsible for all executive decisions over how these funds will be committed and spent. Multiple partners are already at an executable stage, but with sensitive commercial negotiations underway, vendor identities and line item costs remain confidential. Vendor identities can only be disclosed once integrations are completed. Funds will be administered by Intersect under a performance and milestone-based structure over a period of up to 24 months. Drawdowns occur only after signed integration partnership agreements are submitted and verified. The Oversight Committee, a group of five independent entities within Intersect's budget administration framework, will review each drawdown or disbursal to confirm alignment between scope, amounts, and recipients. Deployment is expected to begin shortly after enactment of this withdrawal.