Education remains fundamental to the Cardano Foundation’s mission and to broadening adoption.” Adoption continued Through ecosystem coordination for Midnight , a new multichain, privacy-focused product that leverages Cardano, the Cardano Foundation also provided logistical support as the project progressed toward exchange readiness for the NIGHT token . The Foundation helped establish early, trust-based dialogue between the Midnight Foundation and strategically relevant exchanges , ensuring market participants had direct visibility into Midnight’s vision, technical architecture, and governance foundations while accelerating substantive engagement. Acting as a trusted ecosystem steward, and by reinforcing coordinated foundation-to-foundation collaboration as well as facilitating connections, helped to strengthen ecosystem credibility and to enable a more efficient, aligned pathway from initial engagement to institutional-level discussion. Additionally, Reeve , the Foundation’s financial data integrity platform, successfully launched its MVP. The Cardano Foundation demonstrated the breadth and value of Reeve by using the platform to make audited financial data, underlying the 2024 Financial Insights Report , accessible in a transparent and verifiable manner. This internal use case demonstrated how Reeve’s design principles – transparency, auditability, and automation – can be applied in a real-world reporting context, supporting audit-ready data structures and improved access to financial information. Ongoing development resulted in incremental improvements to core platform capabilities, including authentication, data ingestion, reporting workflows, and user interface design and accessibility. In addition, exploratory work was initiated with issuance.swiss AG to develop a proof of concept for the verifiable and automated reporting of staking rewards for exchange-traded products, underscoring Reeve’s potential applicability within regulated financial environments and across broader reporting use cases. Our partnership program also facilitated new use cases for blockchain to meet growing enterprise needs in 2025. The Cardano Foundation supported Serviceplan Group and NMKR with the launch of Sokosumi , a production-ready agent marketplace built on the Masumi Protocol . Designed to address a growing appetite for AI-powered enterprise solutions , while ensuring the security, reliability, and scalability offered by the Cardano blockchain, this Masumi Network is an innovative protocol that enables AI agents to interact seamlessly, share data, and collaborate on complex tasks, unlocking new possibilities for agentic services. Finally, showcasing blockchain as a tool for traceability, in line with growing regulatory demand for traceability solutions, and building on its reputation as one of the Cardano Foundation’s earliest enterprise tools, OriginateNavio , the Foundation’s open-source proof of origin framework (available to developers via GitHub), continued to mature as a practical demonstration of how blockchain can safeguard authenticity and integrity across supply chains. Already proven as an enterprise-ready solution through a partnership with the Georgian Wine Project – delivered with Scantrust and the National Wine Agency of Georgia – OriginateNavio’s use case has been demonstrated by more than 30 wineries in the Bolnisi region adopting the system to certify provenance and combat counterfeiting, confirming their proof of origin. Education and innovation pathways Education remains fundamental to the Cardano Foundation’s mission and to broadening adoption, advancing understanding, and enabling organizations to build effectively on blockchain. To continue and deepen our focus on education, the Cardano Academy expanded significantly 17 Cardano Foundation Activity Report 2025