November 16, 2018

Cardano Foundation on safe ground

Governance has worked - Foundation assets secured

Zug, November 16, 2018 - The Cardano Foundation announced today that leadership has been duly transferred to Pascal Schmid and that the Foundation’s assets have been fully secured.

Pascal Schmid, Chairman of the Cardano Foundation, said: “The orderly handover shows that our governance has worked. I would like to thank the law firms MME Legal | Tax | Compliance and Niederer Kraft Frey for their highly professional support in a very intense time. Our focus lies now on further strengthening the foundations of our governance. At the same time, the secure asset base allows Cardano Foundation to continue to drive Cardano’s ambitious development projects as planned.”

Further information:

Pascal Schmid, Cardano Foundation [email protected]

Artwork: Eberhard Grossgasteiger