Treasury Grows to $48.7 Million The Zcash Foundation's Q2 2026 report shows net liquid assets of approximately $48.7 million, a meaningful step up from the $36.69 million in liquid assets the
The Zcash Foundation's Q2 2026 report shows net liquid assets of approximately $48.7 million, a meaningful step up from the $36.69 million in liquid assets the Foundation reported at the end of Q1 2026. The Q2 figure includes 78,986 $ZEC valued at roughly $31.5 million, with the remainder held in cash, stablecoins, and other digital assets.
Monthly operating expenses averaged around $321,000 during the quarter, the bulk of it directed toward protocol development. That compares with Q1 operating expenses that averaged $272,539 per month, suggesting a modest uptick in spending as the engineering workload grew.
The engineering team shipped seven Zebra node releases across the quarter. Zebra is an independent Zcash node written in Rust that strengthens network resilience by validating transactions and maintaining blockchain state in a modular and decentralized manner. The releases addressed a mempool bypass vulnerability and several RPC denial-of-service bugs. One update also fixed memory allocation issues during block deserialization and additional RPC vulnerabilities.
A long-standing sync stall that had affected node operators was also resolved, cutting synchronization time down to 14 hours. The fix is a practical improvement for anyone running or setting up a Zebra instance.
On the cryptography side, the Foundation released FROST v3.0.0 during the quarter. FROST, which stands for Flexible Round-Optimized Schnorr Threshold Signatures, enables shielded transactions to be authorized by multiple participants without compromising unlinkability. Version 3.0.0 added automatic key zeroization, which ensures that signing key material is cleared from memory after use, a meaningful upgrade for operational security. Earlier work on FROST v3.0.0 had also introduced cheater detection enabled by default and stronger zeroization.
Taken together, the Q2 report paints a picture of a foundation in a stable financial position and actively hardening the protocol ahead of the planned NU7 network upgrade.
Sources:Zcash Foundation Q2 2026 Report, Zcash Community ForumZcash Foundation Ends Q1 with $36.69M Treasury, The Crypto TimesZcash Foundation Patches Critical Zebra Flaws, Bitcoin.com News
