Welcome to Intersect’s Development Update #90. This week, the Cardano Critical Integrations Budget Info Action was submitted for community review, proposing ₳70,000,000 to support a coordinated set of ecosystem-critical integrations as Cardano prepares for 2026.

Preparations are also complete for tomorrow’s Annual Members’ Meeting, where members and associates will come together inside the Intersect Virtual Hub for a full day of regional sessions, committee engagement, and community activities. The AMM pilot marks a critical moment for Intersect’s global membership as we close out the year.

Cardano Critical Integrations Budget Info Action Submitted

A new Budget Info Action has been submitted proposing ₳70,000,000 from the Treasury to progress a coordinated set of ecosystem-critical integrations. Backed by Input Output, EMURGO, the Cardano Foundation, Midnight, and Intersect, the proposal focuses on delivering the core components Cardano currently lacks, including tier-one stablecoin infrastructure, institutional custody and wallets, cross-chain bridges, pricing oracles, and advanced on-chain analytics.

The budget focuses on five priority areas that many ecosystem teams have consistently highlighted as essential for growth: tier-one stablecoin infrastructure, institutional custody and wallets, secure cross-chain bridges, globally recognised pricing oracles, and advanced on-chain analytics. Together, these components form the foundation required for a more mature DeFi and RWA ecosystem and provide a structured path to onboarding high-value integrations as Cardano enters 2026.

Members are encouraged to review and participate in governance.

View and vote on-chain: Critical Integrations Budget Info Action.
Read the overview blog: Integrations Budget Overview.



2025 Annual Members’ Meeting

The Intersect Annual Members’ Meeting (AMM) takes place tomorrow, 29 November, with 12 regional sessions hosted inside the Intersect Virtual Hub between 11:00 and 17:00 local time. Sessions are organised by region for convenience, but they are open to all members and associates—you may join whichever session best fits your schedule.

A short guide to accessing the Virtual Hub can be found here

All regional sessions and registration links are available on the official Luma event page.

Regional Sessions (11:00–17:00 local time):
• Australia (UTC+11)
• Vietnam (UTC+7)
• Sri Lanka & India (UTC+5:30)
• Kenya (UTC+3)
• Central Europe (UTC+1)
• UK, Portugal, Ghana, DRC (UTC+0)
• Brazil & Argentina (UTC–3)
• Venezuela, Paraguay, Bolivia, Guyana (UTC–4)
• US, Canada, Colombia (UTC–5)
• Mexico (UTC–6)
• Tokyo, Japan (UTC+9)
• Singapore & China (UTC+8)

To make the AMM open to our global membership, this year we are piloting the new Intersect Virtual Hub, built in collaboration with Intersect Enterprise Member ClayNation.

Throughout the event, there will be two key rooms where people can discuss and share feedback about 2025 and 2026. Make sure to read the 2025 report and the 2026 proposal. Also, throughout the day, there will be special sessions to meet committees and many Intersect members.

To join the meeting, log in to the members’ area at intersectmbo.org and click the Access Now link under ‘Access the Virtual Hub’. Be patient while the environment loads, select your avatar, and take note of the keyboard shortcut display. Set full-screen mode (the square icon in the lower center of the screen) for the best experience. More information is available in the FAQ. 

We hope you enjoy this global event, where you can meet many members from around the world and attend as many sessions as you can throughout the day.

Annual Membership Meeting: Community Challenge Announcement

As part of this year’s Virtual Annual Membership Meeting, Intersect will introduce a new community engagement activity inside the Intersect Virtual Hub pilot. Members will be invited to take part in a light-hearted in-world challenge by recreating a set of four themed screenshots during their time in the Hub.

The challenge includes two simple positional screenshots, a selfie with the two large avatar heads inside the central area, and a more playful task, capturing a screenshot while “falling” out of the Hub’s virtual space. Example images will be shared during the event to guide participants.

To enter, members can reply directly to the announcement thread on X (Twitter) or post their images using #IntersectAMM2025 and tag @IntersectMBO. The first 20 members who complete the two basic screenshots will receive this year’s limited-edition Intersect AMM T-shirt.

This activity is designed to add a fun, social element to the AMM experience, encourage exploration of the Virtual Hub, and provide members with a creative way to mark their participation in the 2025 gathering.

This week marked several important milestones in the ongoing snap election to fill the recently vacated seat on the Constitutional Committee (CC).

Candidate Registration & Voting Launch

Registration for candidates officially closed on November 24, with five candidates confirmed:

• Christina Gianelloni (musikc)
• Phoenix Alliance
• Ahmed Oladele
• Cardano Curia
• Kevin Mohr

Thanks to rapid implementation efforts by Adam Dean and Mad Orkestra, voting for DReps is now live on Ekklesia, five days earlier than initially scheduled. Despite the accelerated launch, the voting deadline remains unchanged as December 5, allowing more time for DReps to vote - Vote here:

Community Engagement

On November 27, Intersect hosted an X Space featuring three candidates. The discussion provided helpful insight into candidate perspectives and priorities - Listen to the recording.

A second X Space will be held during the week of December 1 to 5,  to continue fostering community involvement and provide another opportunity for engagement.

Next Steps

Following the voting period, a governance action to update the Constitutional Committee will be submitted on-chain, with the target submission date of December 8.

For more information, check out the Intersect Knowledge Base and the CC Snap Election Portal.

November marks the fourth month since Treasury withdrawals started under Delivery Assurance. The team has successfully onboarded 32 individual Vendors, funded and supported 41 projects in the Cardano ecosystem, and delivered over 70 milestones.

This week, our vendor spotlight goes to Supplyoneers, who have a project being administered by Intersect: Cardano Ecosystem Pavilions at Exhibitions.

Supplyoneers are booking event spaces and organising the bespoke building of pavilion stands. The funding will massively, but not wholly, subsidise the cost of projects in the ecosystem to have a presence at six exhibitions around the world. They will provide support staff at the event and organise pre- and post-event activities to help projects learn how to make the most of these events. Some of the funding will be used to help subsidise travel costs for Projects.

In 2025, the Civics Committee members wanted to focus on strengthening Cardano’s governance by improving transparency, communication, and openness across every part of their work and the system more widely. 

Following lessons learned from the drafting of the Cardano Constitution, the committee prioritised making governance processes easier to understand and more inviting for members, DReps, SPOs, and builders.
This included supporting DReps and SPOs through the first full budget cycle under Intersect by providing accessible explanations of roles and responsibilities, breaking down voting timelines, and attending community events to answer questions directly. The goal was an explicit desire to help ensure participation was informed, confident, and representative of the wider ecosystem.

Civics also finalised a clear 2025 charter, which centred on five focus areas reflective of the committee’s commitment to openness and active participation: 

1. Constitution ratification and future constitutional amendments, 
2. Fostering governance health and governance education, 
3. Civics input to the Cardano budget for Cardano Governance, 
4. Enabling the Constitutional Committee elections, and 
5. Supporting a DRep compensation model. 

These commitments guided the committee’s year and provided an outline for community expectations. To make this work visible and collaborative, Civics oversaw working groups and encouraged members of the community and relevant experts to contribute. 

The Governance Health Working Group explored how Cardano measures and improves the health of its governance systems. Through its work on  Governance Health Dashboard requirements, incorporating community feedback, the group shared learnings, making continuous improvement a priority. The full report will be published on our knowledgebase pages shortly.

Earlier in the year, the Constitutional Committee Election Working Group facilitated the important transition from the Interim Constitutional Committee to a fully community elected committee. Its work placed transparency and fairness at the forefront, reviewing the initial ICC election process, recommending clearer registration and candidate expectations, improving voter education, and developing documentation for rotation and handover. These improvements were designed to help community members understand and trust the processes that shape Cardano’s constitutional guardianship. 

Throughout the year, Civics amplified open communication through hosted X Spaces, giving community members a platform to speak directly to members and allowing voters to ask questions in real time. These sessions covered Constitutional Committee elections, Intersect committee elections, budget voting education, and governance tooling. 

In close collaboration with Intersect professional staff, the committee recommended and rolled out a grant enabling optional DRep compensation under CIP 149. This initiative promotes funding for wallets, SDKs, and tools, ensuring the community understands how these models support long-term participation.

Looking ahead, the Civics Committee will continue to play a crucial role in supporting the decentralized governance model in 2026, with a focus on building an accessible and inclusive Constitutional Amendment Process and tackling incentive models for the governance bodies.

Across all of its work, the Civics Committee consistently pushed for more openness in all its actions, accessibility, and collaboration. Providing clearer communication, encouraging community contributions, and maintaining their commitment to transparent governance processes, Civics strengthened participation across the ecosystem and supported Cardano’s ongoing evolution in line with the Constitution and represented the needs of its global community.

The recent security incident on the Cardano blockchain was diagnosed, mitigated, and eventually resolved so quickly because Cardano’s security and incident-response ecosystem is far more robust than many realize. We have a dedicated Security Council providing expert oversight for incident management, along with a long-standing incident response process that includes a designated security officer to activate and coordinate escalations. Disaster Recovery planning was completed a year ago under CIP-135, and Scenario 2 of CIP-135, which simulates a total halt in block production, has been successfully tested on SanchoNet with a full public after-action report available.

During the recent event, our Insider teams mobilized immediately, exploring multiple mitigation paths and executing remediation steps in real time. Since the incident, Intersect has worked with others in the ecosystem to implement lessons learned from the event and has launched a forensics working group to analyze such items.

Intersect’s Open Source Ops now operates a comprehensive Bug Bounty Program, designed to complement the Cardano Foundation’s Immunefi program, encourage ethical disclosure, and strengthen defenses.

We are currently revamping and expanding the incident response process to make it even more comprehensive, and have opened a dedicated Incident Monitoring role to support this next phase of maturity.

Cardano Hackathon Asia 2025 and India Blockchain Week 2025 - Cardano Hackathon Asia 2025 is live!

We’re talking mentors from across the Cardano ecosystem (EMURGO, Midnight, Input Output, Cardano Foundation, Hydra, Masumi, and Nucast) lined up to support builders, devs, and dreamers. 

There are three tracks from Masumi and Midnight:

The following 48 hours are going to be pure chaos in the best way. Over 300 developers on the ground, building, grinding, and pushing out the next wave of Cardano dApps. It will be live-streamed on our youtube.

Right after the hackathon, we roll straight into India Blockchain Week 2025, where Cardano will be out in full force with an incredible booth experience.

Everything will be livestreamed so that the whole community can tune in.

India Blockchain Week 2025 - Day 1
India Blockchain Week 2025 - Day 2

November Town Hall

If you weren’t able to join us live for the November Town Hall, we’ve got you covered. The whole session is now available to watch at your convenience, including all updates, discussions, and member questions from across the ecosystem. Catch up on everything you missed and stay aligned with the latest developments: Watch It Here



Enterprise Spotlight: CoinCeylon

CoinCeylon positions itself as a Sri Lanka–based blockchain innovation and community organization focused on education, events, and local-to-global ecosystem building. Through initiatives like their inter-university hackathon and the Intersect Sri Lanka Hub, they aim to onboard developers, nurture talent, and strengthen regional participation in Web3. Their assertive outreach—through events, media channels, and community programs- suggests they could be a strategic partner for grassroots engagement in South Asia. However, publicly available information leans heavily toward marketing rather than technical transparency, with limited visibility into concrete deliverables, governance structures, or long-term sustainability. Overall, CoinCeylon appears to be a promising community catalyst, but one that would benefit from deeper due diligence before entering into technical or governance-aligned collaboration.

That’s it for this week’s update. Thank you for reading. To learn more about Intersect’s work, explore our Knowledge Base, which provides detailed information on governance structures, committees, and funding. Additionally, visit the Intersect website for the latest news, updates, and roadmap information.

Join the conversation on Discord, and follow us on Twitter (X) and LinkedIn to engage with fellow members, working groups, and the broader community.

Your voice helps shape the future of Cardano governance.