CIP-0059: Add Woodside AI as an SV of Weight 10

CIP-0059

Abstract:

Add Woodside AI as an SV with weight 10

About Applicant:

• Since early 2025, Woodside AI have been developing an investment thesis for Canton network around Private Credit infrastructure and Fund Admin infrastructure, together with Blackstone, in addition to bringing some assets to Canton from the Middle East around Mortgages, Payment Securitization and more.
• Woodside AI is a self-funded venture studio whose past projects include Novaprime, The Compute Exchange, and Silicon Data. The venture studio is led by Suna Said, Don Wilson and Edward Hu.
• Suna Said is the Founder and CEO of Nima Capital, a single-family office focused on identifying companies that use technology to disrupt industries around the world.
• Suna Said draws upon her extensive knowledge and a broad network of investment partners, industry leaders, and top-tier entrepreneurs who collaborate with her as co-investors, advisors, and catalysts for achieving success. Suna Said was honored as a Women of Achievement recipient in 2015 and is an active member of the boards of several prestigious organizations.
• Don Wilson is the founder and CEO of DRW, one of the world’s largest trading firms. Don Wilson is also the founder of Cumberland, one of the largest crypto liquidity providers, and incubated Digital Asset, Hashnote, and other companies.
• Edward Hu was a former Researcher at OpenAI, and is credited with inventing industry standards in AI such as LoRA and μTransfer. Edward Hu received his Ph.D. in AI, advised by a Turing Award winning pioneer of the field.

Deliverables for full SV Reward:

Deliverable	Acceptance Criteria	Deadline	Weight Earned
Commitment from major GP for Private Credit	• LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build private credit infrastructure on Canton<br>• PR with signed partner announcing intention to build on Canton<br>• Potential alternatives: Ares, Apollo, KKR, Goldman, Oaktree, Carlyle (others require approval)	+120 Days from CIP Approval	1
Private Credit MVP live	• At least one private credit module will be deployed and utilized on the Global Synchronizer<br>• If Woodside starts with underwriting, that module will be active and utilized by the partner<br>• Woodside will present plans and get pre-approval for the module before beginning the work	+180 Days from Private Credit Commitment	1
Private Credit Incentives	• $2 billion of private credit TVL on the Global Synchronizer<br>• Assets disclosed to the on-chain data service for visibility via services like The Tie and RWA.xyz	+180 Days from Private Credit MVP Live	+0.5 per $500m of Private Credit TVL<br>Up to Max 2
Commitment from major GP for Fund Admin	• LOI or equivalent documentation signed with Blackstone (or approved alternative) noting intention to build Fund Admin infrastructure on Canton<br>• PR with signed partner announcing intention<br>• Alternatives: Ares, Apollo, KKR, Goldman, Oaktree, Carlyle (others require approval)	+120 Days from CIP Approval	1
Fund Admin MVP live	• Blackstone (or approved alternative) adopts Fund Admin platform<br>• PR with partner on go-live<br>• Fund Admin integrated with on-chain data oracle and stablecoin	+1 Year from CIP Approval	3
Canton Adoption Incentives	• Successfully onboard Tokenomics Working Group–approved participants to use the Global Synchronizer and/or associated apps	+180 Days from CIP Approval	0.5 per Participant<br>Up to Max 2

SV Reward Mechanics:

• An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the GSF with an SV Weight at the maximum earnable weight in the CIP that granted rights to that Super Validator.

  • The Applicant is responsible for all costs associated with the operation of the escrow SV
  • The escrow SV will NOT mint rewards on a block by block basis
  • All escrow SV rewards will go to the Unclaimed Rewards pool

• ⅔ of the Super Validator Operators will update their configurations to allow GSF to host the full weight to be earned by the given Super Validator

• Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group

  • Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone

• If the Tokenomics Working Group agrees the milestone has been met and agrees with the calculation, an announcement will be sent via the Tokenomics-Announce mailing List

  • The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator.
  • ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the calculation approved by the Tokenomics working group.

• If any milestones and associated rewards are not achieved by the deadline

  • Applicant will be notified they have not met a deliverable by the GSF
  • Remaining SV Weight assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators.
  • The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards

• Applicant is subject to CIP-0045 : SV Operating Requirements

  • If, at any time, the Applicant has been rewarded SV Weight > 2.5, they are required to operate their SV within 6 months of crossing that Weight. This node will start with an SV weight of zero (0) and may add weights as the SV completes the milestones listed above.

Copyright

This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.

Changelog

• 2025-04-21: Initial draft of the proposal.
• 2025-05-09: Approved.
• 2025-08-13: :Approval date, for the purpose of calculating milestone deadlines, was reset by vote of the Tokenomics working group of the GSF to be August 13, 2025, in response to Woodside explanations for their delays in both minting SV rewards and starting work. Announcement here: https://lists.sync.global/g/tokenomics-announce/topic/tokenomics_meeting_outcomes/114685621
• 2026-05-06: Withdrawn