“We are the only blockchain network that has enabled institutions to cut audit costs by 50%,” stated Frederik Gregaard, CEO of the Cardano Foundation, at Paris Blockchain Week. According to him, the use of legal entity identifiers allows for a full audit of all transactions instead of spot checks, which radically changes the game for businesses.

Moreover, Cardano has already established a foothold in the traditional financial market by listing a $100 million reinsurance product on the London Stock Exchange. Developed in partnership with Hannover Re, the product tokenizes private assets as RWA (Real World Assets), providing yields between 10% and 17% annually, independent of market volatility.

As Gregaard said, “This isn’t Binance or Kraken; we listed on the London Stock Exchange.” But he further specified that the network’s expansion continues into the real sector: in India, over 4,500 farmers are already using Cardano to improve harvests and access digital banking services, creating a fundamental base for the ecosystem’s long-term growth.