TreasurySpring has won approval for a Canton plan targeting $5 billion in outstanding fund shares and $20 billion in cumulative issuance within 12 months of the proposal’s September 9 approval . The program links its Super Validator rewards to milestones for bringing those ownership records onto the network. The cash investment platform offers Fixed-Term Fund Shares, or FTFs. Each gives investors exposure to a single underlying asset with a set maturity date. The range includes government securities and short-term lending backed by collateral, with maturities from one day to one year. Canton will hold the ownership records for fund shares included in the rollout. The $5 billion target measures their value while still outstanding. The separate $20 billion target counts the total value of newly issued FTFs first registered on Canton after approval, including shares that mature during the period. The rollout starts with a three-month milestone of $10 million outstanding and $15 million in cumulative issuance. Further stages raise both targets, reaching $1 billion outstanding by month six and $5 billion by month twelve. TreasurySpring can earn a maximum Super Validator reward weight of four through the program. Each stage requires evidence that its targets have been reached, including maintaining the relevant outstanding balance for a month after the deadline. Ongoing issuance and balance requirements also apply. TreasurySpring already operates a Canton validator. Its initial Super Validator allocation will be hosted on its behalf, with milestone rewards released through the network’s review and approval process.
Third Party
TreasurySpring’s Canton plan wins approval with a $5 billion target
CantonNews10-09-20261mo ago