Gate News message, April 28 — Cardano Foundation CEO Frederik Gregaard highlighted ADA's unique role in supporting traditional financial infrastructure during a panel at Paris Blockchain Week. Gregaard stated that Cardano is the only blockchain capable of supporting the Legal Entity Identifier (LEI), a standard used by banks for identity verification and security. "We are also leveraging some architectural elements of Bitcoin in this process," he said, adding that ADA could bring traditional financial standards to the blockchain world.
Gregaard outlined ongoing efforts to integrate Bitcoin functionality with Cardano. "There's a lot of work being done to bring Bitcoin to Cardano, programmable DeFi with BTC, using Satoshis as gas fees natively on Cardano," he explained. "So you get programmability without leaving Bitcoin. That will unlock a lot of things." The CEO emphasized that ADA has adopted Bitcoin's UTXO (Unspent Transaction Output) model and architectural principles.
"Bitcoin and ADA really work together very well," Gregaard concluded, noting that Bitcoin's architectural superiority complements Cardano's design approach.
