EMURGO: Cardano’s Founding Entity and Commercial Arm

What is EMURGO doing to grow the Cardano ecosystem?

Shiny robot posing infront of a huge Cardano logo.
Created by Gabor Kovacs from DailyCoin

EMURGO, the founding entity of the Cardano blockchain, is a relatively uncelebrated arm of the decentralized network. Despite supporting Charles Hoskinson’s blockchain on every level, EMURGO’s role in the Cardano ecosystem is often taken for granted, especially when compared to Input Output Global (IOHK) and the Cardano Foundation.

Having provided hundreds of millions of dollars in funding for emerging crypto startups in the ADA world, EMURGO’s contribution is often relegated to the creation of Cardano wallets. The official commercial arm of the Cardano blockchain, EMURGO’s influence on the health and growth of the ecosystem cannot be understated.

What is EMURGO, and how does this forward-thinking company help Cardano provide blockchain solutions to those who need them most?


Emurgo logo.
Source: Emurgo

Alongside IOHK and the Cardano Foundation, EMURGO is one of the founding pillars of the Cardano protocol. As a founding pillar, it shoulders the responsibility of nurturing, developing, and supporting commercial opportunities in the Cardano blockchain system. 


At its heart, EMURGO is a venture capital firm. While Cardano lays the foundation with its third-generation blockchain, EMURGO helps fund commercial ventures, like dApps, products, and services, driving mass adoption. 


With a global presence spanning from the bustling streets of Singapore to the tech hubs of Japan, the USA, and Indonesia, EMURGO’s reach is expected to grow under the leadership of founder and CEO Ken Kodama.

How Is EMURGO Improving the Cardano Ecosystem?

When it comes to expanding Cardano’s thriving blockchain ecosystem, EMURGO is one of the first names that springs to mind. Whether funding creative startups, championing blockchain solutions in the supply chain industry, or educating the next generation of smart contract developers, EMURGO is always ready to lend a hand.

  • Strategic Investments – The firm’s primary focus, EMURGO Ventures invests capital into innovative projects that leverage the Cardano blockchain.
  • Education and Empowerment – The EMURGO Academy provides blockchain education to developers looking to build on the Cardano network.
  • Global Reach – With offices across continents, EMURGO taps into global insights and ensures Cardano’s solutions are versatile and cater to diverse needs. 
  • Cardano Products – EMURGO has built several basic Cardano tools and services, like blockchain explorers and digital asset wallets, that can be used by any ADA enthusiast. 

EMURGO Initiatives

EMURGO’s fundamental objectives center around supporting and educating the Cardano ecosystem. While this generally comes from providing investment and guidance for new companies, EMURGO has expanded its offering in line with Cardano’s impressive growth.

EMURGO Ventures

The Cardano ecosystem is fertile ground for creative ideas and disruptive technologies. EMURGO Ventures, the Cardano Protocol’s official commercial arm, helps budding entrepreneurs and founders reach their maximum potential while growing Cardano’s network effect. 

EMURGO has helped fund several popular Cardano-based projects, including Adanian Labs, a Web3 technology studio, and AdaVerse, a Web3 incubator and accelerator.

While these projects are a good place to start, it would be nice to see EMURGO support innovative DeFi protocols by actively onboarding and engaging users. 

In September 2022, following the much-anticipated roll-out of the Vasil Hard Fork, EMURGO pledged to invest over $200M USD into the Cardano ecosystem. Of this figure, $100M USD will be directed to Africa-based startups under the EMURGO Africa Initiative.

EMURGO Academy

The EMURGO Academy is a Cardano-native blockchain education platform. It helps budding developers and Cardano enthusiasts learn everything there is to know about the network and start building applications and tools that take advantage of Cardano’s capabilities.

Since its inception, the EMURGO Academy has helped over 2,100 learners discover the Cardano blockchain, learning everything from blockchain architecture fundamentals to smart contract development. The EMURGO Academy also offers a Blockchain Business Consultancy course, where non-technical students can learn how to incorporate blockchain technology into their existing business models.


Emurgo africa homepage.
Source: Emurgo Africa

African nations like Nigeria host some of the world’s highest crypto adoption rates. Ripe with potential and promise, Cardano has made significant strides toward supporting and developing the continent’s Web 3 industry. 

With a keen eye on fostering development, EMURGO Africa invests in and partners with Africa-centric enterprises, startups, and accelerators. In a bid to cultivate socially impactful solutions on Cardano’s environmentally sustainable blockchain, EMURGO has set aside $100M in funding for Africa-based blockchain startups.

EMURGO Africa aims to help connect Cardano-based enterprises across the continent. The company has successfully secured 40 partnerships across 11 countries, providing funding, education, and tailored blockchain solutions. 

EMURGO Products

Outside of venture funds and educational endeavors, most of the Cardano community knows EMURGO thanks to one simple app, the Yoroi Wallet. 

EMURGO also released several other products that haven’t stood the test of time. The Seiza blockchain explorer was discontinued in 2020 due to the team working on “stuff that can be considered more complex.” 

Similarly, an open-source code base library called Tangata Manu was also shipped to help 3rd party developers build Cardano wallets. The codebase is still available on Github but hasn’t been updated since January 2020.

Yoroi Wallet

Designed by EMURGO, the Yoroi Wallet is a simple browser extension and mobile app. Yoroi is a cryptocurrency wallet that stores digital assets within the Cardano ecosystem.

Cardano wallet Yoroi.
Source: Yoroi

Yoroi proved to be a popular choice amongst crypto enthusiasts in Cardano’s early days. The platform features a clean and basic UI that is easy to understand, making onboarding new users a breeze.

Despite this, the Yoroi Wallet does not integrate well with Cardano dApps, like decentralized exchanges or Cardano NFT marketplaces, meaning it has lost some users to more compatible alternatives.

Cardano Spot

Cardano Spot is a social media platform the Cardano community can call home. ADA enthusiasts use Cardano Spot to share educational content, market updates, and Cardano ecosystem announcements.


USDA is a proposed stablecoin pegged to the USD Dollar. Developed by EMURGO and Anzens, USDA aims to unlock greater flexibility and utility within Cardano DeFi. 

The project has faced plenty of regulatory obstacles and has struggled to get off the ground. Meanwhile, DJED has established itself as the de-facto stablecoin of the Cardano network.

EMURGO Pros and Cons

Within Cardano’s bustling ecosystem, EMURGO plays a significant role. Like any foundational pillar, it comes with strengths and challenges. Let’s explore EMURGO’s pros and cons.


  • Pioneering Role – As a founding entity of the Cardano protocol, EMURGO theoretically carries significant influence in the network’s commercial growth and adoption. 
  • Global Network – With offices spanning from the tech hubs of Asia to the promising landscapes of Africa, EMURGO’s global presence ensures diversified insights and a broadened reach.
  • Strategic Investments – Through EMURGO Ventures, the organization supports innovative Web3 projects that expand Cardano’s utility.
  • Educational Pursuits – The EMURGO Academy equips learners with the tools and knowledge to build meaningful products and services on the Cardano blockchain.


  • Underwhelming Products – Considering that EMURGO is one of the founding pillars of the Cardano ecosystem, it’s disappointing that their official products, like Yoroi and USDA, are outclassed by community-built tools.
  • Questionable Impact – The biggest dApps in the Cardano Ecosystem are community-led protocols that received little to no funding from EMURGO. Meanwhile, EMURGO-backed projects, such as Fourier Labs and Mazzuma, are relatively unknown within the crypto space.
  • Competitive Landscape – The blockchain industry is fiercely competitive, with dozens of Layer-One blockchains vying for market dominance. If Cardano cannot keep up, EMURGO will struggle to find worthwhile startups to support.

On the Flipside

  • Considering that EMURGO plays such a key role in the Cardano ecosystem, it would be nice to see them more involved with current on-chain platforms that are actively driving the growth and adoption of the network.

Why This Matters

As the commercial arm of the Cardano protocol, EMURGO has the power and influence to help emerging projects succeed. Every Cardano fan would benefit from following EMURGO’s efforts closely to stay up to date on all things Cardano.


What is the EMURGO website?

EMURGO’s official website is found by navigating to emurgo.io.

What is EMURGO Cardano?

EMURGO is the official commercial arm of the Cardano protocol. The company’s main responsibility is to provide funding, guidance, and education to businesses launching projects on the Cardano blockchain.

Where is EMURGO based?

EMURGO’s Headquarters are based in Singapore; however, the company has offices worldwide.

Who is the founder of EMURGO?

EMURGO was founded by Ken Kodama in 2017. Kodama is also the CEO. 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Finn Miller

Finn Miller is a New Zealand-based blockchain writer for DailyCoin who specializes in simplifying complex blockchain topics. He is experienced in crafting whitepapers, researching on-chain data, and advising emerging crypto projects, and uses his unconventional approach to learning and passion for knowledge to provide cornerstone educational content for readers of all levels. When not exploring the depths of DeFi, Finn can be found exploring his other passion, the great outdoors.