CIP-0043: Add TRM as a SV

#1DrAmandaLMartin06-02-2025source ↗

Hello,

Please find the CIP-0043 open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/14

In order to move to a vote we are requesting a Super Validator to sponsor the CIP and a second Super Validator to endorse the CIP.

Any SV sponsors/endorses or changes needed?

Dr. Amanda L. Martin
814-359-6544

The Linux Foundation

Director of Program Management

Github | LinkedIn | Calendar

#2Eric Saraniecki06-02-2025source ↗

this draft doesn't look right - seems to confuse TRM with Coin Metrics ?

Show quoted text

On Thu, Feb 6, 2025 at 1:01 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

#3DrAmandaLMartin06-02-2025source ↗

Thanks Eric,

The header has been updated. The easiest way to view the file is via this link

Dr. Amanda L. Martin
814-359-6544

The Linux Foundation

Director of Program Management

Github | LinkedIn | Calendar

Show quoted text

On Thu, Feb 6, 2025 at 1:10 PM Eric Saraniecki via lists.sync.global <eric=digitalasset.com@...> wrote:

#4Eric Saraniecki06-02-2025source ↗

Thanks - happy to sponsor CIP-0043 if there is a second

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On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

#5Veronica Augustsson07-02-2025source ↗

Hi! When we discussed last week we agreed to try and negotiate the weight down a bit from 2.5.

Has such conversations happened? Or do I mix them up?

If this is the best and final, I am supportive. If we are still negotiating, then I suggest we wait for the final weight.

Veronica

V E R O N I C A A U G U S T S S O N

/

P A R T N E R

7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY

Signature for V e r o n i c a A u g u s t s s o n

Show quoted text

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, 6 February 2025 19:15
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Thanks - happy to sponsor CIP-0043 if there is a second

On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

#6Eric Saraniecki07-02-2025source ↗

We countered at 2, TRM was at 3, they countered at 2.5

I'm presenting their counter

Show quoted text

On Feb 7, 2025, at 9:51 AM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

Hi! When we discussed last week we agreed to try and negotiate the weight down a bit from 2.5.

Has such conversations happened? Or do I mix them up?

If this is the best and final, I am supportive. If we are still negotiating, then I suggest we wait for the final weight.

Veronica

V E R O N I C A A U G U S T S S O N

/

P A R T N E R

<image011179.png>

7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY

Signature for V e r o n i c a A u g u s t s s o n

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, 6 February 2025 19:15
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Thanks - happy to sponsor CIP-0043 if there is a second

On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

#7Veronica Augustsson07-02-2025source ↗

Thank you Eric.

Then I am in favour too.

Show quoted text

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Friday, 7 February 2025 15:54
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

We countered at 2, TRM was at 3, they countered at 2.5

I'm presenting their counter

On Feb 7, 2025, at 9:51 AM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

Hi! When we discussed last week we agreed to try and negotiate the weight down a bit from 2.5.

Has such conversations happened? Or do I mix them up?

If this is the best and final, I am supportive. If we are still negotiating, then I suggest we wait for the final weight.

Veronica

V E R O N I C A A U G U S T S S O N

/

P A R T N E R

<image011179.png>

7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY

Signature for V e r o n i c a A u g u s t s s o n

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, 6 February 2025 19:15
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Thanks - happy to sponsor CIP-0043 if there is a second

On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

#8Jan Hoenisch10-02-2025source ↗

Question for the team, if TRM doesn’t supply all 3 apps, does their weighting drop accordingly?

Jan

From: cip-discuss@... <cip-discuss@...> on behalf of Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...>
Date: Friday, February 7, 2025 at 09:56
To: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

You don't often get email from veronica=7ridge.com@.... Learn why this is important

Thank you Eric.

Then I am in favour too.

Show quoted text

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Friday, 7 February 2025 15:54
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

We countered at 2, TRM was at 3, they countered at 2.5

I'm presenting their counter

On Feb 7, 2025, at 9:51 AM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

Hi! When we discussed last week we agreed to try and negotiate the weight down a bit from 2.5.

Has such conversations happened? Or do I mix them up?

If this is the best and final, I am supportive. If we are still negotiating, then I suggest we wait for the final weight.

Veronica

V E R O N I C A A U G U S T S S O N

/

P A R T N E R

<image011179.png>

7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY

Signature for V e r o n i c a A u g u s t s s o n

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, 6 February 2025 19:15
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Thanks - happy to sponsor CIP-0043 if there is a second

On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

#9Chris Zuehlke10-02-2025source ↗

Good question, I’d like to better understand this as well as 2.5 weight all in is a stretch for me.

My read is there is a few deliverables, some easily measurable and some less so:

CC integrated with their on-chain AML product within 6 months.
USDC integrated with their on-chain AML product within 6 months.
Active regulatory and educational engagement.
Join as a GM of GSF

Given they pushed to negotiate higher due to the multi-faceted effort, I think there is merit to proportional weight drops if they fail to meet their commitment in some capacity. For the sake of argument maybe something like the below assuming 2.5? Feel free to suggest something else, these numbers are just to start the conversation.

1) 1.0

2) 1.0

3) 0.25 (not sure how to measure this KPI in an objective way)

4) 0.25

Thanks

Chris

Show quoted text

From: cip-discuss@... <cip-discuss@...> On Behalf Of Jan Hoenisch via lists.sync.global
Sent: Monday, February 10, 2025 9:38 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP-0043: Add TRM as a SV

Question for the team, if TRM doesn’t supply all 3 apps, does their weighting drop accordingly? Jan From: cip-discuss@ lists. sync. global <cip-discuss@ lists. sync. global> on behalf of Veronica Augustsson via lists. sync. global <veronica=7ridge. com@ lists. sync. global>

Question for the team, if TRM doesn’t supply all 3 apps, does their weighting drop accordingly?

Jan

From: cip-discuss@... <cip-discuss@...> on behalf of Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...>
Date: Friday, February 7, 2025 at 09:56
To: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

You don't often get email from veronica=7ridge.com@.... Learn why this is important

Thank you Eric.

Then I am in favour too.

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Friday, 7 February 2025 15:54
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

We countered at 2, TRM was at 3, they countered at 2.5

I'm presenting their counter

On Feb 7, 2025, at 9:51 AM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

Hi! When we discussed last week we agreed to try and negotiate the weight down a bit from 2.5.

Has such conversations happened? Or do I mix them up?

If this is the best and final, I am supportive. If we are still negotiating, then I suggest we wait for the final weight.

Veronica

V E R O N I C A A U G U S T S S O N

/

P A R T N E R

<image011179.png>

7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY

Signature for V e r o n i c a A u g u s t s s o n

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, 6 February 2025 19:15
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Thanks - happy to sponsor CIP-0043 if there is a second

On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

This e-mail and any attachments may contain information that is confidential and proprietary and otherwise protected from disclosure. If you are not the intended recipient of this e-mail, do not read, duplicate or redistribute it by any means. Please immediately delete it and any attachments and notify the sender that you have received it by mistake. Unintended recipients are prohibited from taking action on the basis of information in this e-mail or any attachments. The DRW Companies make no representations that this e-mail or any attachments are free of computer viruses or other defects.

#10Jan Hoenisch10-02-2025source ↗

Hi Chris,

I like your idea

Jan

From: cip-discuss@... <cip-discuss@...> on behalf of Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...>
Date: Monday, February 10, 2025 at 11:01
To: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Good question, I’d like to better understand this as well as 2.5 weight all in is a stretch for me.

My read is there is a few deliverables, some easily measurable and some less so:

CC integrated with their on-chain AML product within 6 months.
USDC integrated with their on-chain AML product within 6 months.
Active regulatory and educational engagement.
Join as a GM of GSF

Given they pushed to negotiate higher due to the multi-faceted effort, I think there is merit to proportional weight drops if they fail to meet their commitment in some capacity. For the sake of argument maybe something like the below assuming 2.5? Feel free to suggest something else, these numbers are just to start the conversation.

1) 1.0

2) 1.0

3) 0.25 (not sure how to measure this KPI in an objective way)

4) 0.25

Thanks

Chris

Show quoted text

From: cip-discuss@... <cip-discuss@...> On Behalf Of Jan Hoenisch via lists.sync.global
Sent: Monday, February 10, 2025 9:38 AM
To: cip-discuss@...
Subject: [ext] Re: [cip-discuss] CIP-0043: Add TRM as a SV

Question for the team, if TRM doesn’t supply all 3 apps, does their weighting drop accordingly? Jan From: cip-discuss@ lists. sync. global <cip-discuss@ lists. sync. global> on behalf of Veronica Augustsson via lists. sync. global <veronica=7ridge. com@ lists. sync. global>

Question for the team, if TRM doesn’t supply all 3 apps, does their weighting drop accordingly?

Jan

From: cip-discuss@... <cip-discuss@...> on behalf of Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...>
Date: Friday, February 7, 2025 at 09:56
To: cip-discuss@... <cip-discuss@...>
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

You don't often get email from veronica=7ridge.com@.... Learn why this is important

Thank you Eric.

Then I am in favour too.

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Friday, 7 February 2025 15:54
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

We countered at 2, TRM was at 3, they countered at 2.5

I'm presenting their counter

On Feb 7, 2025, at 9:51 AM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

Hi! When we discussed last week we agreed to try and negotiate the weight down a bit from 2.5.

Has such conversations happened? Or do I mix them up?

If this is the best and final, I am supportive. If we are still negotiating, then I suggest we wait for the final weight.

Veronica

V E R O N I C A A U G U S T S S O N

/

P A R T N E R

<image011179.png>

7RIDGE IS A PRIVATE MARKETS ASSET MANAGER INVESTED IN TRANSFORMATIVE TECHNOLOGY FOR FINANCIAL SERVICES TO POWER THE GLOBAL ECONOMY

Signature for V e r o n i c a A u g u s t s s o n

From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
Sent: Thursday, 6 February 2025 19:15
To: cip-discuss@...
Subject: Re: [cip-discuss] CIP-0043: Add TRM as a SV

Thanks - happy to sponsor CIP-0043 if there is a second

On Thu, Feb 6, 2025 at 1:13 PM DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.

This e-mail and any attachments may contain information that is confidential and proprietary and otherwise protected from disclosure. If you are not the intended recipient of this e-mail, do not read, duplicate or redistribute it by any means. Please immediately delete it and any attachments and notify the sender that you have received it by mistake. Unintended recipients are prohibited from taking action on the basis of information in this e-mail or any attachments. The DRW Companies make no representations that this e-mail or any attachments are free of computer viruses or other defects.

#11Eric Saraniecki10-02-2025source ↗

The breakdown seems reasonable to me

Show quoted text

On Mon, Feb 10, 2025 at 11:01 AM Chris Zuehlke via lists.sync.global <czuehlke=drwholdings.com@...> wrote:

--

W. Eric Saraniecki

Co-founder / +1 773 719 1983

Digital Asset, creators of Daml

This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.digitalasset.com/emaildisclaimer.html. If you are not the intended recipient, please delete this message.