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CIP-0087: Add Hex Trust as a Super Validator (Weight 3)

ApprovedGovernanceby Giorgia Pellizzari, Alessio QuagliniCreated 26-09-2025Approved 14-11-2025
TL;DR

CIP-0087

Abstract

Add Hex Trust as an SV of Weight 3.

Hex Trust commits to:

  • Bring a comprehensive financial ecosystem to the Canton Network through the integration of regulated custody, on/off-ramp, payments, and yield products for stablecoins.
  • Support development of Canton by providing practical feedback and suggestions on documentation, requirements, and use cases.

About Applicant

Hex Trust is a fully licensed and regulated digital asset financial institution, providing an end-to-end suite of services to hold, trade, issue, and transfer digital assets. Its offerings encompass Custody, Markets services, OTC trading, Escrow and Collateral Management, Staking, Investment solutions, and Asset Issuance — all designed to deliver seamless access, robust protection, and operational excellence for institutional and professional clients.

Founded in 2018 in Hong Kong, Hex Trust has rapidly emerged as a global leader in digital asset custody and financial services, standing at the forefront of innovation in the blockchain and Web3 ecosystem. Built on a foundation of uncompromising security, regulatory compliance, and institutional-grade infrastructure, Hex Trust empowers the world’s most sophisticated investors, builders, and service providers to unlock the full potential of digital assets.

Distinguished by its in-house technology platform and a team of seasoned financial and blockchain experts, Hex Trust combines deep industry expertise with cutting-edge security protocols to safeguard and grow the digital asset portfolios of its clients. Trusted by over 350 institutional clients, the company continues to set new standards for operational resilience and institutional adoption of digital assets.

With a global presence spanning Singapore, Hong Kong, Dubai, Italy, and Vietnam, Hex Trust serves a diverse and expanding client base across Asia, Europe, the Middle East, and the Americas. Its mission is clear: to be the most trusted partner for institutions navigating the future of finance in the digital age.

Specification

Deliverables for Full SV Reward

DeliverableAcceptance CriteriaDeadlineWeight Earned
Hex Trust integration of Canton Coin and Canton Token StandardHex Trust customers can safekeep CC and any asset on the Canton Network that adheres to the Canton Token Standard+180 days from CIP Approval1
Adoption BonusAll CC burn attributable to Hex Trust–facilitated inelastic burn on the Network+180 days from Integration Go Live+0.5 per $2M of inelastic burn generated on the network (Max +2)

SV Reward Mechanics

  • An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the Foundation, or another SV node operator approved to provide SV rewards escrow services, with an SV Weight at the maximum earnable weight.

  • The Applicant is responsible for coordinating the process of setting up the escrowed weights with the GSF and the operator of the SV node.

  • 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 the escrowing SV node 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 SV node will join the network with an SV weight of zero (0) and may add weights as the SV completes the milestones listed in this CIP.

Applicant is subject to CIP-0045: SV Operating Requirements.
If the applicant’s SV Weight > 2.5, they must operate their SV within six months. This SV node will join the network with weight zero and may add weights as milestones are completed.

Copyright

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

Changelog

  • 2025-09-26: Initial draft of the proposal.
  • 2025-11-12: New draft of the CIP.
  • 2025-11-14: CIP Approved.

Appendices

Appendix I — Motivation

The Canton Network’s long-term success depends on its ability to bridge institutional finance with decentralized infrastructure in a secure, compliant, and scalable manner. As adoption accelerates, institutional participants require partners that can provide regulated financial services and integrated digital asset infrastructure across jurisdictions.

Hex Trust — as a regulated financial institution across Asia, the Middle East, and Europe — brings this capability to Canton through its established licensing framework and robust infrastructure spanning custody, brokerage, asset management, and payments.

Hex Trust’s mission aligns with Canton’s core principles: to create an institutional-grade and interoperable financial network that can power real-world use cases and regulated asset activity at scale.

Global Regulatory Posture and Institutional Coverage

Hex Trust operates under a multi-jurisdictional regulatory framework, including licenses and authorizations across key financial hubs in Hong Kong, Singapore, Dubai, and Europe. Through these entities, Hex Trust provides:

  • Regulated Custody Services for digital and tokenized assets under financial authority supervision
  • Staking
  • Escrow
  • Wrapping services
  • Broker-Dealer and Asset Management Services, enabling compliant market participation and tokenized investment products
  • Major Payment Institution capabilities, bridging fiat and digital economies through regulated on/off-ramps and settlement rails

This regulatory breadth ensures that Canton participants benefit from a globally recognized and compliant framework, unlocking institutional confidence and cross-border utility.