Intersect has published a revised Cardano Critical Integrations report, but the key point is that it is not a final programme closure document. The organization said the report was originally published on May 15, 2026 under the title “Program Closure,” but that title and framing were inaccurate. On May 20, Intersect updated the report to “Program status update,” saying the initiative remains live and ongoing.
The report accounts for the ₳70 million approved by the Cardano community in late 2025 under CCI V1, covering what the funding delivered, how it was administered and what remains next. Intersect said three of five priority integrations have been delivered, LayerZero is still in active development, and Fireblocks custody remains under negotiation rather than completed under the current scope.
CCI V1 Delivered Key Integrations, but Not the Full Scope
The delivered integrations include Circle’s native USDC issuance on Cardano, Dune Analytics coverage and Pyth Network pricing oracles. LayerZero’s cross-chain messaging and bridge infrastructure is described as being in advanced implementation, with a Q3 launch target. That means the programme has moved several infrastructure pieces into service, but it has not fully completed every original workstream.
Fireblocks is the clearest unresolved item. Intersect said institutional custody through Fireblocks was part of CCI V1’s priority scope, but the programme has not resulted in full funding or completion of a native Fireblocks integration. The report also distinguishes that from Iagon’s separate SDK-level Fireblocks work, which did not draw on CCI V1 funds and does not satisfy the full native Layer 1 custody requirement described by Intersect.
V2 Moves Into the Governance Pipeline
The status update also frames CCI V2 as the next phase. Intersect said CCI V2 is intended to fund Year 2 contracted costs, a 12-month maintenance and enhancement programme for integrations delivered under V1, and the full native L1 Fireblocks integration. The scope is deliberately narrower, with no application-layer work, liquidity programmes, marketing or events included.
Intersect’s May 22 weekly update listed Cardano Critical Integrations V2 among live treasury withdrawal proposals, with an expiry date of June 23, 2026 and data shown as of May 22 at 13:00 UTC. The same update said Hydra Voting would run from May 26 at 12:00 UTC to June 12 at 12:00 UTC, placing CCI V2 inside the broader 2026 budget process rather than outside community review.
The cleaner reading is that Intersect has provided a financial and delivery accountability report for CCI V1, while correcting the earlier impression that the programme had formally closed. For Cardano governance watchers, the document is a bridge between delivered infrastructure, unresolved custody work and a new treasury request, not a standalone end-of-programme notice.