An independent audit confirms that 99.7% of all Cardano’s early ADA vouchers were properly redeemed, resolving a long-standing controversy over the network’s initial token distribution. The comprehensive review by McDermott, Will & Emery in collaboration with BDO was commissioned to address these claims. The audit found a significant majority of tokens were claimed by their original owners, with only a small number remaining unclaimed and subsequently transferred to Cardano Development Holdings for community-driven projects. 2023 saw the transfer of these funds to Intersect, Cardano’s membership-based governance organization, ensuring its continued support for ecosystem grants. The audit report provides investors with concrete proof that ADA distribution was handled correctly, confirming the network’s operational integrity. This positive development will likely facilitate further progress on Cardano’s ongoing technical improvements and a forthcoming U.S. dollar-backed stablecoin, both of which are anticipated to contribute significantly to its future growth.