- Cardano founder Charles Hoskinson has proposed creating a diversified ecosystem treasury that includes ADA, Midnight, and the top 50 native tokens.
- The proposal sparked debate within the community, with some supporting the idea and others urging a more focused approach or favoring stablecoin investments instead.
Cardano founder Charles Hoskinson has once again stirred debate within the Cardano community by proposing a new model for the blockchain’s ecosystem treasury. In his latest idea, shared via X on July 8, Hoskinson suggested transforming the existing ADA-only treasury into a diversified digital asset reserve that includes ADA, Midnight (Cardano’s privacy-focused blockchain token), and the top 50 native Cardano tokens.
What do you guys think about a digital asset treasury for ada, the top 50 cardano native assets, and midnight?
— Charles Hoskinson (@IOHK_Charles) July 7, 2025
This marks another effort by Hoskinson to give utility to Cardano’s dormant treasury funds. In previous proposals, he floated the idea of using part of the treasury to purchase Bitcoin or invest in a native stablecoin to stimulate Cardano’s decentralized finance (DeFi) sector and increase total value locked (TVL).
That suggestion drew mixed reactions, especially criticism from those who viewed reliance on Bitcoin as a concession to a rival blockchain.
Hoskinson’s new plan keeps the focus within the Cardano ecosystem. The proposed treasury would accumulate and hold assets like Midnight and other high-ranking native tokens such as SNEK (a popular meme coin), World Mobile Token (WMTYX), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (INDY), according to data from CoinGecko.
However, the idea of including the top 50 native tokens has sparked debate among community members. Some users pointed out that such a wide scope could introduce lesser-known or low-utility tokens into the treasury, potentially diluting its value. One user remarked that incorporating meme coins or random projects with no real-world use case could be counterproductive.
Others suggested narrowing the focus to the top 20 or 25 tokens to ensure only strong, utility-driven projects are included. Meanwhile, a segment of the community still favors Hoskinson’s earlier proposal involving a stablecoin investment, arguing that Cardano’s ecosystem needs to address its stablecoin liquidity challenges before branching out.
Despite the differing opinions, the broader vision behind Hoskinson’s treasury proposals remains the same: to move Cardano’s treasury from a passive, single-asset reserve to a dynamic, diversified portfolio that generates yield and reinvests back into the ecosystem.
If implemented, this multi-token treasury model could enhance Cardano’s ability to support homegrown projects, incentivize ecosystem growth, and create sustainable funding mechanisms. It also reflects a broader trend among blockchain ecosystems seeking to optimize treasury management in ways that align with long-term decentralization and value creation.
As the discussion unfolds, the Cardano community awaits whether Hoskinson’s ideas will evolve into actionable governance proposals—and whether they can truly unlock the potential of one of crypto’s most well-funded treasuries.
