Adoption highlights Key adoption achievements in 2025 included: Made OriginateNavio available as an open-source traceability solution. Advancement of Reeve through successive development phases, including full internal adoption by the Foundation and its first enterprise proof of concept, showcased through the publishing of the Cardano Foundation’s Financial Insights Report on Reeve. Growth of Veridian through global showcases, white-label deployment for UNDP , and the launch of the Veridian Wallet . Strategic expansion of the Cardano Academy , delivering new courses, global distribution partnerships, and multilingual platform deployment, including extension of Academy courses to Binance Academy (reaching 44 million+ learners) and course collaborations with the Blockchain Research Institute (BRI) and Coursera . Completion of the Venture Hub pilot and launch of the Venture Hub 2.0 to scale innovation pathways and enterprise enablement. Global unified brand refresh , enhanced content portfolio, and strengthened thought leadership through 13 global events and publications. Growth of “With Refugees” stake pool (WRFGS) to over 6.5 million ada and 200+ individual delegators and the issuance of the Reimagining Fundraising Innovation Challenge prize-winning Cardano Impact for UNHCR Exchange-Traded Product (CASL) on the SIX Swiss Exchange. Strategic Project Catalyst F13 participation enabling partnerships with tier-1 accelerators Draper University, Techstars, CV Labs, and UNDP, collectively supporting 70+ startups building on Cardano. Extensive regulatory engagement including with SEC, FCA, the European Commission, and European Data Protection Board. Adoption continued Adoption 20 Cardano Foundation Activity Report 2025