2025 Cartesi Foundation Transparency Report

Transparency/Jan 13, 2026/CARTESI FOUNDATION

The Cartesi Foundation is pleased to present a new transparency report for 2025 with updated figures for the previous year's operations.

For an overview of the Cartesi Foundation and how its actions contribute to the ecosystem, you can view the 2023 transparency report alongside the 2024 report and find all other previous ones on our blog here.

Treasury Diversification and Allocation

The Cartesi Foundation continues to hold a diversified treasury that includes the fully unlocked CTSI Foundation reserve and allocates funding and resources to various ecosystem initiatives. These allocations include funding grants to core units, companies, individuals, supporting events, educational initiatives, community-led programs, and more.

The Cartesi Foundation’s yearly grant commitments to core units, core companies, and other active ecosystem contributors represent a significant portion of the anticipated allocation of the fiat portion of the treasury for years to come.

Additionally, the Cartesi Foundation will continue to thoughtfully review and consider relevant proposals received from the community in relation to treasury allocation.

2025 Treasury Summary

All figures below are presented as at December 31, 2025 and are subject to fluctuations and future change.

Runway total including all assets and assuming current yearly commitments (based on year-end CTSI price of $0.0314 USD as of December 31, 2025): 4 years and 4 months

Runway total excluding CTSI and assuming current yearly commitments: 3 years and 6 months

2025 Treasury Assets

The Cartesi Foundation’s treasury is comprised of the following assets:

CTSI: 18.55% of the total treasury at the year-end CTSI price of $0.0314 USD.
- 40.17% of the total CTSI is held in Cartesi Foundation wallets or exchange accounts as of year-end.
- 59.83% of the total CTSI is deployed to generate staking rewards and/or earn interest as of year-end.

Fiat (USD in Bank Accounts): 65.16% of the total treasury as of year-end.

Non-CTSI Crypto (Stablecoins/ETH/Other): 16.29% of the total treasury as of year-end prices.

The Cartesi Foundation’s Wallets for CTSI, Stablecoins, ETH, and other assets can be found below:

Pie chart showing the Cartesi Foundation Treasury composition: 65.16% in Fiat (USD), 18.55% in CTSI, and 16.29% in Stablecoins/ETH.

2025 Core Funding Allocation

Over 2025, core spending from the Cartesi Foundation was distributed in 4 main areas as follows:

Core Ecosystem Unit Grants: 12%
Core R&D Unit Grants: 36%
Core Company Grants: 11%
Cartesi Foundation Initiatives, Operations, Marketing and Growth spend: 41%

Pie chart showing the 2025 Core Funding Allocation: 41% for Cartesi Foundation Initiatives, etc., 36% for Core R&D Unit Grants, 12% for Core Ecosystem Unit Grants, and 11% for Core Company Grants.

* In service to the community, the Cartesi Foundation also administers two other wallets that are not a part of the foundation’s treasury:

DelayedWithdraw Wallet: 0xc783e5e67B646282FA1ba80878C9debBbceeE11a which holds the Mine Reserve used to fund the CTSI staking Reserve Mine Wallet. It takes 7 days to withdraw any funds from here to the Reserve Mine wallet.
Reserve Mine Wallet: 0x2A1Eb0FB39312BbF01Cf40899975684612A57016 which holds funds withdrawn from the DelayedWithdraw wallet. These funds are used to fund the RewardManager each month which autonomously distributes tokens in the staking system without any management or control. An intermediate wallet is used for security and safety purposes.

Note: Any on-chain activity related to CTSI not mentioned in this report is not controlled or managed by the Cartesi Foundation.