- The heads of the Cardano Foundation and Franklin Templeton discuss the public blockchain use and their support from US politics.
- Franklin Templeton confirms the operation of Cardano nodes, while ADA is steadily increasing institutional interest in a positive Fibonacci zone.
Frederik Gregaard, CEO of the Cardano Foundation, recently met with Jenny Johnson, CEO of Franklin Templeton. The discussion was about the institutional introduction of public blockchains. Gregaard announced that the meeting with managers from crypto industry took place and it was about “political work”.
Johnson said that Franklin Templeton supports the public blockchain infrastructure and confirmed that Cardano nodes were operated. The operation of a node means that you contribute to the safety of the network and are directly connected to the Cardano system. Gregaard said that you can exchange ideas about how to use blockchains for institutions.
Franklin Templeton manages $ 1.6 trillion and already put on a tokenized US money market fund in 2021. Since then, the company has invested in various defi projects and manages several crypto ETFs. However, a cardano ETF is not part of the offer. As CNF reported, Grayscale is waiting for the approval of the SEC for a Cardano ETF. However, Franklin Templeton has not applied.
Cardano Foundation has political discussions in Washington
Gregaard said the aim of the talks was to create regulatory framework for the institutional use of blockchains, with Cardano’s focus on decentralization, security and scalability.
Yesterday, I had the distinct pleasure of meeting with Jenny Johnson, CEO of Franklin Templeton, alongside a group of fellow CEOs, drivers from Crypto Valley and Crypto Valley Association. It was a truly engaging discussion centered on the evolving landscape of digital assets and… pic.twitter.com/bOS5Hw3rRO
– Frederik Gregaard (@f_gregaard) June 4, 2025
The leadership of the foundation, including the Chief Legal Officer, will meet with regulatory officers to discuss risk framework and regulatory clarity. Gregaard said the platform was being developed to support established financial institutions. The system is built up in such a way that the institutions can use Cardano as a completely public blockchain.
This is in line with the initiative of the foundation to promote institutional acceptance. Gregaard said that any progress should not endanger the basic principles of blockchain. One will work for an environment in which the institutional commitment to blockchain can grow.
As reported by CNF, the Cardano Foundation has published its latest activity report over the past 12 months. It emphasizes important progress, including takeover, governance, education and operational resilience.
The Foundation outlined its efforts to support large organizations in using the Cardano blockchain technology. It also focused on improving internal systems and expanding further training programs around blockchain technology.
According to the report, Cardano is now one of the leading blockchains. This has strengthened its position and opened the door for large projects. The foundation is now able to take on large tasks, including the administration of parts of the US federal budget.
Ada course development and system activities
Cardanos Ada-token has reached the Golden Fibonacci Zone, which indicates upward potential. The market capitalization is $ 24.24 billion, with a fully watered rating of $ 30.87 billion. The circulating offer from ADA amounts to 35.34 billion at a maximum upper limit of 45 billion tokens.
This golden Fibonacci zone could be what sends $ADA straight to new highs! pic.twitter.com/4SOqf1jXsl
— Coinvo (@ByCoinvo) June 2, 2025
The daily turnover reached $ 540.38 million, a slight decrease of 0.59 percent. The relationship between sales to market capitalization is 2.23%, which indicates moderate liquidity. The token opened at about $ 0.6892. In the early evening he sank and recovered over 0.6950 until noon, but later fell less than $ 0.69.
According to the Coinglass, rose The Open Interest for ADA by 2.5% to $ 845.67 million. After a short negative period, the financing rate returned to the positive area with 0.0084%. However, the 24-hour long-short ratio is 0.1969, which indicates more short positions. The resolutions of long positions were $ 805,000, while the resolutions of short positions were $ 154,000.
Cardano remains active. Lace Wallet recently received a partnership with the USDM tablecoin, and Input Output kooüüperated with Snek, the leading memo coin from Cardano. These developments are part of the generally increasing interest in Bitcoin-related defi.
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