Share this article
Cardano's Founding Entity Emurgo to Invest Over $200M to Boost Ecosystem
The funds will be invested in projects over a three-year period.
Updated May 9, 2023, 3:58 a.m. Published Sep 29, 2022, 9:26 a.m.
SINGAPORE — Cardano commercialization arm Emurgo will invest over $200 million to support the ecosystem’s growth over the next three years, founder Ken Kodama told CoinDesk on the sidelines of the ongoing Token 2049 conference on Thursday.
Emurgo is a founding entity of the Cardano protocol and develops products, services and applications meant to support the growth of the network.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The funds, which are from Emurgo’s own capital, will be provided to projects directly building atop Cardano and to projects from other networks that build products that integrate Cardano’s network alongside their own.
Kodama said $100 million will be earmarked for investments in Africa under Emurgo’s African investment initiative. He explained that a key growth driver in the region was the use of lending and borrowing crypto services meant for daily life, as opposed to speculative purposes.
Kodama added that Cardano was now ready with the infrastructure needed to safely expand and grow the network in the coming years.
Earlier this month, Cardano's long-awaited Vasil hard fork went live. The fork will allow the use of smart contracts and decentralized applications (dapps), which run on a blockchain system without a central administrator, on the network.
Blockchain networks Near and Avalanche have launched their own ecosystem funds to support the growth of and developments on their networks.
Read more: What Cardano’s Highly Anticipated Vasil Hard Fork Will Bring
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
Ano ang dapat malaman:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
