The High Assurance team released PlutusCoreBlaster, a full formalization of Plutus Core in Lean 4 for enhanced smart contract verification. The Plutus team improved compiler usability and added UPLC optimizations to increase execution efficiency. Mithril completed the review of its recursive SNARK circuit prototype and finalized the client CLI for Cardano blocks. Lastly, Intersect noted only seven days remain for 2026 committee election applications, closing April 17.

The Cardano Foundation and Draper Dragon launched the $80M Orion Fund to drive institutional adoption through Real-World Assets (RWA), DeFi, and bridging Bitcoin liquidity to Cardano. Supported by Draper University, the fund uses an equity-first approach to return value to the Cardano treasury via a specialized vehicle (Arouet Holdings).

The performance and benchmarking team ran benchmarks on node v.10.6.2 and began developing tx-centrifuge, a service for generating high network workloads. Lace reached a major milestone by integrating Midnight mainnet access, allowing users to manage private assets directly in the wallet. Mithril successfully activated the SNARK prover on a developer network, while Intersect opened applications for the 2026 committee elections, with seats available across seven standing committees until April 17.

The Pentad has transitioned to delivering Critical Integrations, headlined by the live launch of USDCx, which boosted Cardano's stablecoin supply by 40%. Pyth Network oracles are now code-complete for a Q2 launch, while Dune Analytics and LayerZero integrations are currently in progress. Furthermore, the design phase for Pentad V2 has begun, focusing on expanding infrastructure and capital flow.

The networking and consensus teams supported the node v.10.7.0 release and progressed on the Peras protocol, including on-chain certificate tracking. Mithril completed the Halo2 circuit and SNARK aggregation primitives, while Hydra advanced the partial fanout and directly open heads features. Additionally, Professor Aggelos Kiayias was named a 2026 IACR Fellow for his cryptographic contributions.

The ledger team reached a major milestone by releasing all packages for cardano-node v.10.7, preparing for the intra-era hard fork to protocol version 11. Mithril advanced its SNARK circuit refactoring and published a blog on mainnet protocol changes. Meanwhile, Hydra version 1.3.0 was released, featuring progress on partial fanouts and fixes for high transaction loads. The team is now focusing on the upcoming Dijkstra era.

Binance listed the NIGHT token, and the Sandstone team released Torsten, a new Cardano node written in Rust. The consensus team progressed on the Ouroboros Leios prototype and updated the node-to-client protocol to version 23. Lace is preparing for the Midnight mainnet launch, while Mithril continues implementing succinct proofs (SNARKs). Additionally, Intersect announced that committee election applications will open on March 30.

The Programmable Tokens Platform and open-source CIP-0113 standard allow tokenized assets to incorporate customizable on-chain compliance rules directly into the Cardano ledger. Built using Aiken, this modular framework supports scaling regulated equities, commodities, and stablecoins while maintaining native asset efficiency. It provides issuers the flexibility to enforce rules, such as transfer restrictions or asset freezes, automatically through smart contracts.

Payments in 137 SPAR stores across Switzerland now support ada, highlighting significant real-world adoption. The ledger team advanced nested transactions and performance restructuring, while the Lace wallet integrated Midnight mainnet support and the LaceID identity feature. Furthermore, the Mithril team completed signer authentication for SNARK verification keys. Research breakthroughs also established formal models for geographic diversity and Sybil-proofness in decentralized restaking networks.

Customers in Switzerland can now pay with ada at 137 SPAR stores, marking a significant milestone for real-world retail adoption. This integration, powered by DFX.swiss and the Open Crypto Pay standard, enables direct payments from native wallets without centralized intermediaries. By bypassing traditional payment providers, retailers benefit from transaction fees reduced by nearly two-thirds, demonstrating the practical economic value of the Cardano network in everyday life.