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CIP-PR-103: CIP-00XX: Add LECCA Ventures as a SV of Weight 1

In Reviewby hyungjuneahnCreated 22-09-2025
TL;DR

CIP XXXX proposes adding LECCA Ventures, a crypto-native VC in Korea, as a Weight 1 Steward Validator to facilitate the onboarding of Korean financial institutions to the Canton Network. LECCA will establish a Validator-as-a-Service offering with Korean-language resources and aims to onboard at least one Korean financial institution to mainnet within 180 days of CIP approval. This initiative seeks to capitalize on Korea's active digital asset market and regulatory momentum to drive institutional adoption and expand the network's global reach.

CIP XXXX

  CIP: XXXX
  Title: Add LECCA Ventures as an SV of Weight 1  
  Author: HJ Ahn
  Status: Draft  
  Type: Governance  
  Created: 2025-09-22
  License: CC0-1.0

Abstract

  • Add LECCA Ventures, a crypto-native VC in Korea, as an SV of Weight 1
  • Facilitate participation of Korean banks and securities firms through localized onboarding, Korean-language operations, regulatory guidance, and validator hosting.
  • Establish a Validator-as-a-Service offering for Korean institutions within 6 months, and publish supporting blueprints and runbooks in Korean.
  • Achieve onboarding of at least one Korean financial institution to mainnet by 180 days from CIP approval.
  • Note, any increase beyond Weight 1 will be proposed via a separate Adjust Weight CIP.

Motivation

  • LECCA Ventures has already engaged one-on-one with key decision-makers at 10+ Korean banks and securities firms; a detailed institution list can be shared separately with sponsors and endorsers.
  • Korea is one of the most active digital-asset markets, with regulatory momentum around stablecoins and tokenized securities (STO) creating a near-term window for adoption.
  • Korean institutions are actively seeking production-grade implementation blueprints and runbooks, a clear commercial model with defined roles, and proven use cases beyond repos and bonds (e.g., cross-border settlement, supply-chain financing, corporate FX, and stablecoin settlement).
  • LECCA, a Seoul-based operator, offering local language and time-zone coverage materially reduces time-to-activation for Korean institutions.

Rationale

  • LECCA Ventures is a Seoul-based, crypto-native venture firm with an in-house validator operations arm.
  • Starting at Weight 1 is appropriate for an entry SV focused on Korean institutional onboarding and operations, with any increase to be proposed through an Adjust Weight CIP based on demonstrated deliverables and successful onboardings.

Deliverables

DeliverableAcceptance CriteriaDeadline
Korean institutional VaaS & OnboardingKorean-language VaaS toolkit published (runbooks & blueprints)<br>IaC templates and onboarding checklist/CLI available<br>Observability dashboards and alert rules (JSON)<br>≥1 Korean financial institution onboarded; monthly progress notes+180 days

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

Changelog

2025-09-22 — Initial draft.