What Intersect MBO does

Intersect is a member-based, mutual-benefit not-for-profit organization incorporated in Wyoming, USA in July 2023 to serve as the formal member body for the Cardano blockchain ecosystem. Its functional role is to coordinate open-source protocol stewardship and on-chain governance for Cardano, replacing the previously ad-hoc governance arrangements that existed before the Voltaire era. The organization serves a heterogeneous membership spanning builders, stake pool operators, dApp developers, and ecosystem institutions across 74 countries, with notable enterprise members including IOHK, EMURGO, the Cardano Foundation, and Blockdaemon.

Intersect's core products are the Cardano Govtool, the on-chain voting interface that operationalizes Cardano's decentralized governance, and the Constitutional Amendment Portal (CAP), which handles proposing and ratifying amendments to the on-chain constitution. It also stewards Cardano's principal open-source repositories — including plutus, the Cardano Node, and Ouroboros — and operates seven or more working committees that coordinate technical, security, and governance workstreams. The organization has administered 569.6M ada in treasury withdrawals and has coordinated major protocol milestones including the Chang upgrade (2024), Constitutional Committee elections (2025), and the scheduled Van Rossem hard fork (July 2026).

The business model is a tiered membership program: Associate (free), Individual ($10/year), Enterprise ($1,000/year), and Bespoke (custom arrangements). The organization does not generate revenue from protocol fees or retained treasury; instead, it operates as a cost-recovery entity funded primarily through membership dues. In 2025 it administered a community-approved Critical Integrations Fund of $370M in ada and launched a Bug Bounty Program for core repositories, indicating escalating operational scope rather than commercial revenue growth.

Name

Intersect MBO

Legal name

Intersect

Website

https://intersectmbo.org

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Intersect MBO is a Wyoming-incorporated, member-based nonprofit that stewards Cardano's open-source repositories and operates the on-chain governance infrastructure (Govtool, CAP) for its 40+ enterprise and 74-country membership.

Ownership category

akta.pro rank

Product category

Blockchain Governance Services

NAICS

Business Associations (81391), Professional Organizations (81392)

SIC

Finance Services (6199)

akta.pro primary industry

Delegation, Representation & Voting Power Markets (FSAPAHAG)

Keywords

• Blockchain governance services
• Open source stewardship
• Member-based organization
• Treasury administration
• Decentralized governance tooling

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Membership Fees: Intersect generates revenue through a tiered membership model. Associate tier is free with basic benefits. Individual tier is $10 providing voting rights and committee participation. Enterprise tier is $1000 offering early visibility of technical backlog, larger funding access, and event profile benefits. Bespoke tier is custom pricing for organizations with specific needs.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Intersect MBO is a member-driven, mutual-benefit not-for-profit organization that supports the Cardano blockchain ecosystem through governance tools (Cardano Govtool, Constitutional Amendment Portal), open source repository stewardship, treasury administration, and hard fork coordination. Its core deliverable is providing a centralized coordination body for distributed Cardano ecosystem participants to participate in on-chain governance, committee work, and ecosystem development.

Product overview

Intersect MBO is a member-based organization (not a traditional product company) that serves the Cardano ecosystem. Its primary offerings include Cardano Govtool, an open-source governance participation platform, and the Constitutional Amendment Portal (CAP), a tool for accessible constitutional amendments. Intersect facilitates Cardano governance through committees, working groups, and budget administration processes, supporting on-chain governance, open source development coordination, and treasury management. The organization does not offer a unified commercial product but provides governance tooling and facilitation services for the Cardano ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Cardano Govtool Open source governance tool owned and maintained by the Cardano community via Intersect that makes the Cardano Governance process accessible to the broader community. It allows ADA holders to view and vote on governance actions, register as DReps, delegate voting power, and submit governance proposals.
• Constitutional Amendment Portal (CAP) A new tool designed to make proposing amendments to the Cardano Constitution accessible to any stakeholder, not only those with a technical background. CAP enables non-technical Cardano community members to formally propose constitutional amendments.
• Intersect Membership Program Tiered membership program offering Associate (free), Individual ($10/year), Enterprise ($1000/year), and Bespoke (custom) tiers for Cardano ecosystem participants. Members gain voting rights, committee participation, grant application access, early visibility of technical backlog, networking opportunities, and influence on Cardano's roadmap.

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Midnight FoundationcoreOthers · 3 December 2025Midnight Foundation joined Intersect as an Enterprise Member in December 2025. The Midnight Foundation is an independent organization dedicated to the Midnight blockchain project, which operates on Cardano. Their membership strengthens the ecosystem collaboration within Intersect.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Ethereum Foundation: Stiftung Ethereum is a Swiss non-profit that supports the Ethereum ecosystem through grants, protocol coordination, and research. It is structurally analogous to Intersect as a foundation-backed coordination body for a major L1 blockchain, though it serves a much larger and more decentralized ecosystem.
• Solana Foundation: Swiss non-profit supporting the Solana blockchain ecosystem through grants, validator incentives, and developer programs. It is comparable to Intersect in serving as a centralized non-profit steward of an L1 ecosystem, though Solana Foundation's mandate is broader and less focused on on-chain governance tooling.
• Web3 Foundation: Swiss foundation that funds and coordinates development of the Polkadot and Substrate ecosystem through grants, research, and protocol stewardship. It is structurally similar to Intersect as a foundation-led ecosystem coordinator, though focused on a different L1 with parachain architecture.
• Stellar Development Foundation: Non-profit that supports the Stellar blockchain ecosystem through grants, partnerships, and protocol development. Comparable to Intersect in operating as a non-profit stewardship body for a major public blockchain ecosystem, though Stellar SDF has a more product/grant-driven mandate.

Direct peers

• Uniswap Foundation: Non-profit that supports governance, grants, and developer programs for the Uniswap protocol ecosystem. It is a direct peer to Intersect as a DAO-supporting foundation with a similar mission of enabling decentralized governance participation and ecosystem stewardship for a specific protocol.
• Aave Companies: Aave Grants DAO and Aave Labs collectively perform ecosystem coordination, governance support, and protocol stewardship for the Aave DeFi protocol. Structurally analogous to Intersect as a member-driven governance and treasury administration body for a specific crypto ecosystem.
• Tally: Web3 governance platform providing on-chain voting, delegation, and DAO management tooling across multiple chains including Ethereum and Polygon. It directly competes with Intersect's Cardano Govtool in the governance tooling layer and represents a well-capitalized cross-chain alternative.
• Snapshot Labs: Provides off-chain and on-chain governance voting infrastructure used by hundreds of DAOs across multiple chains. Snapshot is a direct competitor to Intersect's governance tooling layer, with broader cross-chain reach but a less embedded single-ecosystem coordination role.
• Aragon: DAO infrastructure and governance tooling platform enabling on-chain organizations to deploy governance frameworks, treasuries, and voting. Aragon is comparable to Intersect in providing governance infrastructure for decentralized communities, though it operates as a vendor rather than a single-ecosectem member organization.

Others

• OpenZeppelin: Provides smart contract security audits, developer tooling, and standards (ERC-20, ERC-721) for the broader blockchain ecosystem. Comparable to Intersect as an enabling infrastructure provider for decentralized systems, though it is a for-profit company focused on security rather than governance coordination.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/intersectmbo
• LinkedInlinkedin.com/company/intersectmbo

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intersect MBO