In the spirit of open governance and collaborative development, we are excited to share our **Medium Spender Proposal** with the Polkadot community.

Over the past months, **Merkle Science** has been approached by the community, **Parity**, and the **Web3 Foundation** to support the next growth chapter of the Polkadot ecosystem—**the Asset Hub**.

Merkle Science will provide the Asset Hub with essential compliance and security capabilities—**removing critical barriers to institutional adoption**, **protecting users**, and unlocking Polkadot’s next phase of **DeFi innovation**.

Merkle Science is supporting the launch of the Asset Hub by helping financial institutions and startups meet international compliance standards—**unlocking their ability to build and deploy capital within the Polkadot ecosystem**. To ensure this growth is sustainable and trusted, Merkle Science is simultaneously enhancing security by providing cross-chain tracing solutions that address key gaps flagged by Parity, such as those exposed in the Parallel Finance exploit. This added layer of security complements the compliance framework by protecting institutional capital and fostering a safer environment for innovation.

**UPDATE June 23, 2025:**

We are delighted  to inform you that we have acted upon the feedback from the Community to work with the Polkadot BD team [Velocity Labs](https://www.velocitylabs.org/) to secure the onboarding of the mentioned financial institutions. More specifically, we are delighted to share that we are close to securing the onboarding of [crypto.com](http://crypto.com/) if our proposal 1586 is successful. We are actively working with Velocity labs to coordinate this project. We hope this demonstrates our commitment to driving the support of the Polkadot hub and we hope to be able to secure your approval after securing this significant milestone.

Proposal: [https://docs.google.com/document/d/1t\_cB5607bR6JZWOjwbLkdvG7UZzoHyjWNgV40tg6-bs/edit?usp=sharing](https://docs.google.com/document/d/1t_cB5607bR6JZWOjwbLkdvG7UZzoHyjWNgV40tg6-bs/edit?usp=sharing)

Discussion:

[https://polkadot.polkassembly.io/post/3232](https://polkadot.polkassembly.io/post/3232)

Contact: [justus.delp@merklescience.com](mailto\:justus.delp@merklescience.com), Solutions Architect

Element Handle: @merkle\_science\_official

Learn more: [https://www.merklescience.com](https://www.merklescience.com/)

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least `amount`.

### Details
NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

### Parameters
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

## Events

Emits [`Event::SpendApproved`] if successful.

#1586 Merkle Science paving the way for Institutional Adoption and DeFi Innovation

No Active Proposals