CIP-0113: Add Further Asset Management as a Super Validator (Weight 8.0)
Abstract
This proposal seeks to add Further Asset Management (“Further”) as a Super Validator (SV) on the Canton Network with a maximum reward weight of 8.0, earned through milestone-based delivery and perpetual economic sustainment. Further will act as a regional aggregation layer for the GCC, onboarding sovereign-aligned capital and regulated settlement workflows via its portfolio companies (BridgePort, Pave Bank, Kaio, and Fuze).
About Further Asset Management
Further is an investment and infrastructure platform operating across the UAE and broader GCC region. As an SV, Further’s role is to coordinate and deliver institutional-grade applications that generate sustained, customer-driven Canton Network activity.
Deliverables for SV Reward (Weight 8.0)
| Deliverable | Acceptance Criteria | Deadline | Weight Earned |
|---|---|---|---|
| Atomic Off-Exchange Settlement (BridgePort) | Margin financing app go-live; activity reflects real customer trading. | 6 months | +0.5 (Infra)<br><br>+0.5 per $2M equivalent of Canton Coin burned, up to +1.5 max |
| Regulated Settlement & Fiat On-Ramp (Pave Bank) | Successful CIP-0056 asset mint/redeem; live fiat connectivity. | 12 months | +0.5 (Infra)<br><br>+0.5 per $200M of CIP-0056 assets transferred by independent customers, up to +1.5 max |
| Sovereign Asset Origination & ADX Integration (Kaio) | Zodia integration; $100M+ customer TVL; ADX POC/Issuance. | 12 months | +0.5 (Infra)<br><br>+0.5 per $250M TVL, up to +1.5 max |
| Cross-Border Institutional Payments (Fuze) | Live payments app; regulated UAE fiat on/off-ramp. | 12 months | +0.5 (Infra)<br><br>+0.5 per $2M in Canton Coin fees burned, up to +1.5 max |
| Total Maximum Earnable Weight: 8.0 |
Eligible Activity & Sustainment Criteria
1. Eligible Activity & Pro-Rata Attribution
To ensure accountability and prevent double-counting across the ecosystem:
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Owned Address Registry: Further must provide a registry of owned/controlled addresses for its portfolio entities to the Accountability Committee.
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Pro-Rata Attribution: For activity involving third-party participants or other SVs, attribution will be applied pro-rata — except where Further owns and operates the application generating the activity. For Further’s owned applications (BridgePort and Fuze), Further may count 100% of eligible burn activity generated through those applications toward its milestone thresholds, regardless of whether a third-party transaction participant also claims the same activity under a separate CIP.
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Economic Causality: Metrics must be a necessary consequence of application usage, not discretionary or artificially induced.
2. Perpetual Sustainment Requirement (High Water Mark)
Weight earned via activity-based milestones (+6.0 max) is subject to a perpetual sustainment requirement to align with the ongoing nature of SV rewards.
- Reference Rate Calculation: For each tranche, the "Reference Rate" is the per-2-quarter rate of activity required for approval:
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Drop in Activity Definition: A >50% decline in the rolling 2-quarter average eligible activity (Burn, Volume, or TVL) relative to the Reference Rate.
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Weight Re-Earn: Following a weight reduction under the Remediation provision, Further may re-earn the reduced weight by restoring eligible activity above the applicable Reference Rate. The re-earn window for each tranche equals the original milestone deadline for that tranche (e.g., 12 months for a 12-month milestone). The 6-month cure/remediation period during which the drop in activity is assessed counts as part of this re-earn window — leaving the remainder of the original milestone period (e.g., 6 months) as the active re-earn period following any weight reduction. Re-earn is assessed on a per-tranche basis. Infrastructure-based weight (+2.0 total) remains excluded from this provision.
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Remediation: If the decline persists for 2 consecutive quarters, the Accountability Committee reserves the right to apply a proportional weight reduction.
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Exclusions: Infrastructure-based weight (+2.0 total) is not subject to clawback.
Anti-Gaming & Double-Counting Protections
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Self-cycling, wash activity, or circular transactions are explicitly excluded.
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The Tokenomics Working Group retains discretion to exclude activity deemed non-economic.
Measurement & Reporting
Further must submit a quarterly Regional Activity Report detailing:
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Transaction hashes and asset proofs across all portfolio entities.
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Attribution breakdown (Owned vs. Pro-rata 3rd Party).
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Current 2-quarter averages vs. established Reference Rates.
SV Reward Mechanics
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An extraBeneficiary PartyID will be configured in escrow with the full 8.0 weight.
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Upon milestone completion, Further presents proof to the Tokenomics Working Group.
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If approved, the GSF updates the extraBeneficiary to Further’s PartyID for the earned portion.
Failure to maintain Reference Rates allows the Accountability Committee to recommend weight removal.
Motivation
Further’s role as a regional aggregator delivers a unique multiplier effect to the Canton Network. By implementing perpetual sustainment and pro-rata attribution, this CIP ensures that Further’s weight remains a transparent, accurate, and long-term reflection of the actual institutional flow they maintain within the GCC region.
Copyright
This CIP is licensed under CC0-1.0.
Changelog
- Approved 2026-04-01
- Updated: 2026-03-03
- Created: 2025-11-26
