Key milestone for issuance AG, UNHCR and Taurus with first prize award for The Cardano Impact for UNHCR ETP (CASL) at the prestigious Innovation Challenge Awards from 14 largest global NGOs at Reimagining Fundraising Summit 2025.

Out of more than 160 projects worldwide, our Cardano Impact for UNHCR ETP initiative was selected as the most innovative breakthrough solution in humanitarian fundraising ( ). A strong encouragement to keep exploring how finance and technology can create new ways to support people forced to flee.

The key deciding factor in the eyes of the jury was that CASL employs the traditional capital markets public security, powered by blockchain technology, to solve the most pressing challenge for non-profit fundraising which is to generate a sustainable and recurring funding stream sourced from the global private capital markets.
Alvaro Cosi, at UNHCR Innovation team, who skilfully presented the project at the global awards ceremony stated:“I am grateful to the Reimagining Fundraising community who voted for our project, and to my colleagues and partners who make this journey possible.”

We are extremely proud to win this prestigious award which is a big milestone for CASL and important recognition of the long journey for all involved. More about the award:

Reimagining Fundraising for Non-profit sector:

Created by the passionate leaders from international nonprofit organizations who are driving innovation in fundraising across the globe:

The Reimagining Fundraising initiative was born from a simple yet powerful realization: the nonprofit sector needed to embrace innovation to meet the growing global challenges of our time.

In 2020, fourteen international NGOs came together to launch the first edition of our open innovation challenge. The response was overwhelming - over 1,500 participants from around the world submitted more than 230 innovative solutions.

Building on this success, we expanded our collaboration in 2022, bringing together even more organizations and launching our second edition with enhanced focus on practical implementation and pilot testing.

About CASL
As the innovative solution for donation funding of UNHCR powered by blockchain: the Cardano Impact for UNHCR ETP (; CASL; CH1327686056) introduces a unique investment approach that generates both financial returns and direct social impact. CASL bridges the gap between global capital markets and humanitarian assistance, turning everyday investment returns into a continuous funding stream for refugee support worldwide.

• CASL
• Backed by AG, the product is compliant with Swiss financial regulations and offers transparency and security-providing a“yield-powered donation” model: investors retain their ADA holdings while contributing the staking returns
• Staking yield donations are split: 80 % to UNHCR field operations (e.g. in Syria, Sudan, Venezuela), and 20 % to innovation programs using blockchain to advance refugee solutions
• The donations via CASL are now part of the Private Pledge Initiative launched by the Global Compact on Refugees in 2023

  Institutional Gateway
  The ETP addresses the barriers institutional investors face when engaging with crypto-native initiatives, such as wallet management, technical complexity, and compliance constraints. By purchasing CASL through its ISIN, investors can seamlessly support UNHCR's humanitarian mission using established financial infrastructure.

  Impact That Compounds

  Every ADA token held in CASL accrues staking rewards-estimated at ~3% APY -which are automatically donated to UNHCR field programs. With $50 million AUM, CASL could generate $1.5 to $2 million annually in donations-without touching the investor's principal. This product marks a new era in purpose-driven capital markets.

  Built in collaboration with AG and custody provided by FINMA-regulated Taurus SA, CASL meets institutional standards for compliance, reporting, and liquidity. Investors can access the product via CHF, EUR, or USD, bypassing crypto-native complexities such as wallets or keys.

  Why Cardano?

  • Research & Security: Cardano's codebase is peer-reviewed and built in Haskell, a programming language trusted in banking and defense for high reliability.
  • Bitcoin-like Foundation: Cardano leverages the UTXO model for security, while enabling advanced smart contracts and decentralized finance.
  • Proven Reliability: With a fixed token supply and a vibrant developer community, Cardano has operated for over eight years without a single mainnet outage.
    

  This unique blend of rigor, innovation, and resilience positions Cardano as a robust long-term investment in the blockchain sector-making CASL not only a financial product but also a bridge to global impact.

  Product Summary

  • Name: Cardano Impact for UNHCR ETP (CASL)
  • Ticker: CASL | ISIN: CH1327686056
  • Launch Date: May 28, 2025
  • Exchange: SIX Swiss Exchange
  • Management Fee: 1.5%
  • Custodian & Staking Operator: Taurus SA
  • Currency: USD / EUR / CHF
  • Underlying: 100% physically backed Cardano (ADA)

  About UNHCR
  UNHCR, the UN Refugee Agency, protects and assists people forced to flee due to conflict and persecution. Operating in over 135 countries, UNHCR delivers life-saving aid and solutions to refugees and stateless people.

  About Switzerland for UNHCR

  Switzerland for UNHCR is the national partner of the UN Refugee Agency for Switzerland and Liechtenstein. Its mission is to support UNHCR's mission by mobilizing essential resources and raising awareness on behalf of those who are forced to flee

  About Cardano Foundation
  The Cardano Foundation advances Cardano's global adoption and is committed to unlocking blockchain for good. It stewards the development of the Cardano protocol and ecosystem.

  About AG AG is a Swiss-based issuer of regulated digital asset products, pioneering accessible, transparent, and socially impactful investment structures.

  About Taurus SA
  Taurus SA provides regulated infrastructure for digital assets, enabling custody, tokenization, and staking services trusted by top-tier institutions.

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