Key milestone for The Cardano Impact for UNHCR ETP (CASL) with first prize award at the prestigious Innovation Challenge Awards from 14 largest global NGOs at Reimagining Fundraising Summit 2025

Core Insights - The Cardano Impact for UNHCR ETP (CASL) has been awarded the first prize at the Innovation Challenge Awards, recognizing it as the most innovative solution in humanitarian fundraising among over 160 global projects [1][2][3] - CASL utilizes traditional capital markets public security, enhanced by blockchain technology, to create a sustainable funding stream for non-profit organizations [2] - The initiative aims to bridge the gap between global capital markets and humanitarian assistance, generating both financial returns and social impact [6] Fundraising Innovation - The Reimagining Fundraising initiative was established to drive innovation in the non-profit sector, responding to the need for new solutions to global challenges [4][5] - The first edition of the open innovation challenge in 2020 attracted over 1,500 participants and 230 innovative solutions, leading to the second edition in 2022 with a focus on practical implementation [5] CASL Overview - CASL is the first regulated Exchange-Traded Product (ETP) launched on the SIX Swiss Exchange, backed 1:1 by Cardano (ADA), designed to channel 100% of staking rewards to support UNHCR operations [6][15] - The product operates under Swiss financial regulations, offering transparency and security, and allows investors to retain their ADA holdings while contributing to humanitarian efforts [6][9] Financial Impact - Each ADA token in CASL generates staking rewards, estimated at approximately 3% APY, which could lead to annual donations of $1.5 to $2 million for UNHCR programs, based on an AUM of $50 million [8] - The donation model splits staking yield donations, with 80% directed to UNHCR field operations and 20% to innovation programs utilizing blockchain technology [6] Institutional Engagement - CASL addresses barriers faced by institutional investors in engaging with crypto-native initiatives, simplifying the investment process through established financial infrastructure [7] - The product allows investments in CHF, EUR, or USD, avoiding complexities associated with cryptocurrency wallets [9] Strategic Partnerships - CASL is developed in collaboration with issuance.swiss AG and custody is provided by FINMA-regulated Taurus SA, ensuring compliance and liquidity standards [9][16][17] - The initiative is part of the Private Pledge Initiative launched by the Global Compact on Refugees, which aims to mobilize private finance for refugee support [6]