Cardano Commercial Roadmap Budget TOTAL : 50M USD
( 14.6M – 15.1M USD+52M ADA(35.4M USD))
(Note: EMURGO will not receive all the funds. Each of these partner companies will submit their own budget proposals and EMURGO will support them.)
| Partner / Project | Purpose | Requested Amount |
|---|---|---|
| Ecosystem Liquidity Pool | DeFi/stablecoin liquidity pool (ADA) | 50M ADA |
| Flowdesk | Exchange listing & market-making pool | 1.5M USD |
| Anzens | USDA BTC + EVM interoperability | 2M USD |
| Fuku AI | Cardano AI trading infrastructure | 2M USD |
| Antler | Web2 AI onboarding & VC access | 2M ADA |
| Haus | Real estate RWA deployment | 1M USD |
| Fineqia | Insurance factoring RWA on Cardano | 2.1M USD |
| Private Credit (TBA) | Tokenized loans with 10%+ yield | 1.5M USD |
| OpenEden | T-Bill token integration (US gov bonds) | 1.5M–2M USD |
| DigiFT | Secondary market platform for RWAs | 3M USD |
Detailed Breakdown of All Slides
1. Anzens
Description:
Issuer of USDA, a US dollar-backed stablecoin, and one of the most liquid stablecoins on Cardano.
Experience:
- Partnered with BitGo (regulated custodian in the U.S.)
- Achieved $1M USD in liquidity shortly after launch
Scope:
- Expand USDA to support BTC
- Enable USDA compatibility with EVM chains
Expected Outcome:
- Achieve interoperability for Cardano stablecoins
- Provide cross-chain access from non-Cardano chains into Cardano
Requested Funding:
2M USD
2. Fuku AI
Description:
AI ecosystem company specializing in Telegram-based AI trading bots and simplified trading tools.
Experience:
- Built full AI-DeFi ecosystems on Solana and other EVM chains
Scope:
- Build AI-based onboarding infrastructure for Cardano
- Integrate Cardano with other chains connected to Fuku AI
Expected Outcome:
- Substantial growth in Cardano users and transaction volume
- Expanded Cardano treasury from increased usage
Requested Funding:
2M USD
3. Antler
Description:
A global accelerator with over 500 AI portfolio companies, one of the largest in the world, especially in AI.
Scope:
- Onboard Web2 AI companies from Antler’s portfolio into Cardano
- Provide mentorship and connect Cardano-based AI startups with VCs
Expected Outcome:
- Onboard Web2 AI companies into Web3 via Cardano
- Facilitate VC funding into promising AI startups on Cardano
Requested Funding:
2M ADA
4. Ecosystem Liquidity Pool (Proposed by Elder)
Description:
Proposed by Elder, founder of SteelSwap and active Cardano developer.
Scope:
- Use dollar-cost averaging to solve liquidity issues
- Provide liquidity to stablecoins and DeFi liquidity pools
Expected Outcome:
- Establish deeper liquidity pools
- Significantly reduce slippage in DeFi trading
Requested Funding:
50M ADA
5. Flowdesk
Description:
A regulated digital asset firm offering market-making, OTC trading, and treasury services.
Experience:
- Provided exchange listing and market-making support for SENK Token and Iagon Token on Cardano
Scope:
- Define fair Cardano listing standards
- Support exchange listings, including in Africa
- Conduct market-making for listed Cardano tokens
Expected Outcome:
- Listing of stablecoins and two major Cardano tokens by 2025
- Support ADA/USDA pair listings on African exchanges
Requested Funding:
1.5M USD
6. OpenEden
About:
A Singapore-based fintech founded in 2022 offering tokenized U.S. Treasury Bills (T-Bill tokens).
Experience:
Received investment-grade “A-bf” rating from Moody’s in June 2024.
Scope:
Integrate interest-bearing tokenized U.S. Treasury Bills and EVM support into Cardano.
Expected Outcome:
- Introduce historically safe yield products
- Boost institutional confidence and TVL on Cardano
Funding Request:
1.5M – 2M USD
7. Fineqia
About:
Investor in digital assets and fintech; listing DeFi-yield-based Cardano ETN on the Vienna Stock Exchange in 2024.
Experience:
Partnered with Copper for ETN custody in February 2025.
Scope:
Deploy insurance factoring RWAs with +10% APY on Cardano.
Expected Outcome:
- Low-default, high-yield RWA products for institutions
- Draw institutional capital into Cardano
Funding Request:
2.1M USD
8. Haus
About:
A platform focused on increasing transparency and efficiency in real estate trading using Cardano.
Experience:
Working closely with the Cardano Foundation on deployment.
Scope:
Deploy U.S.-based real estate assets as RWA on Cardano.
Expected Outcome:
- Compliant tokenized real estate investment opportunities
- Yield-bearing real estate access for Cardano users
Funding Request:
1M USD
9. Private Credit (Name TBA)
About:
Middle East-based provider tokenizing bridge loans for e-commerce companies, offering 10%+ institutional yield.
Experience:
Licensed fund manager; integrated retail revenue data for underwriting.
Scope:
Deploy private credit (debt-based) RWAs on Cardano.
Expected Outcome:
- Attract institutional investors seeking double-digit yield
- Expand Cardano’s RWA product base
Funding Request:
1.5M USD
10. DigiFT
About:
MAS-regulated exchange in Singapore for tokenized RWAs and digital assets. Offers a compliant trading platform.
Experience:
- Active in tokenizing short-term treasuries
- Facilitates $6.3B in senior secured loan strategies
Scope:
Enable trading of all RWAs deployed on Cardano.
Expected Outcome:
- Build the secondary market infrastructure
- Support liquid trading of Cardano-native RWAs
Funding Request:
3M USD
