CIP-0055 Add Bitwave as a Weight 1 SV
- Hello,
Please find the CIP-0055: Add Bitwave as a Weight 1 SV open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/44. Full text below.
DA is the sponsor.
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.Anyone SV Node Operator willing to endorse or change needed?Abstract
-
Add Bitwave as a Weight 1 SV
-
Bitwave commits to run their own SV (and wave the exemption provided in CIP-0045)
-
This provides a source for auditors to check Canton Coin data for any network participant
-
Adding another operator to the pool improves decentralization
Specification
-
Increase the SV weight of the GSF node by 1, with Bitwave as the beneficiary.
-
Grant Bitwave the right to operate a Super Validator node, joining in the next onboarding group, and transferring this SV weight to the Bitwave-operated node.
Motivation (what problem does this solve?)
-
Audit eligible SV Operator
-
Any network participant which undergoes an annual audit needs an eligible source of data for CC earnings, holdings, and more
-
Auditors will not accept the participant’s node as proof
-
Auditors strongly prefer to access this data from an authorized provider
-
Onchain Payment Benefits
-
Lower Transaction Fees – Compared to traditional payment rails (ACH, paper check, credit cards, bank wires).
-
Faster Settlements – Transactions settle within minutes, even cross-border.
-
24/7 Availability – Eliminates reliance on banking hours or intermediaries.
-
Security and Privacy – Canton’s privacy unlocks the full potential of on-chain enterprise payments not possible in other ecosystems
-
Enable Compliance Enterprise Payments Workflows - Bitwave Workflow
-
Vendor Onboarding
-
ERP Integration
-
Accounts Payable Workflow
-
Payment Execution (USDC on Canton, Canton Coin)
-
Remittance Delivery
-
Accounting Automation
Rationale (why Bitwave is a good solution to this problem)
Bitwave is Audit Eligible, (etc)
Commitments to Canton Network
-
Bitwave is already a member of the GSF and runs their own Validator on the Network and provides core accounting functions for Digital Asset and other Validators on the Network
-
Bitwave commits to build and deploy an Enterprise Payments application to allow Accounts Payable (AP) / Intercompany Transfer payments to be made in Canton Coin and USDC on Canton upon the launch of USDC on Canton
-
Bitwave has already enabled this Enterprise Payments application on chains like ETH, BTC, Polygon, Base, Stellar
-
Coinbase is an early customer of Bitwave’s Enterprise Payments Application and has spoken publicly about making payments to enterprises like EY, WeWork, and Google in stablecoins at Enterprise Digital Asset Summit)
-
Bitwave will make intros to teams at Coinbase and Google within 30 days of signing
-
At least three Bitwave customer intros per year
-
Bitwave agrees to a oint press release upon signing and at go-live of Bitwave application
About Bitwave
-
Bitwave is the #1 digital asset subledger and on-chain finance platform for enterprises and institutions. Bitwave automates on-chain accounting workflows, streamlines regulatory compliance, and simplifies tax reporting complexity with a comprehensive, audit-ready platform.
-
Built for enterprises and institutions, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams.
-
Trusted by Fortune 100 companies and pioneering crypto-native projects alike, Bitwave enables the digital asset economy with scalable financial operations.
-
For more information, visit bitwave.io.
Proposed Changes
-
Grant Bitwave the right to join the network as a Super Validator with Weight 1
-
Hi, C7 will endorse this CIP.
Thank you.
Pinar
From: cip-discuss@... <cip-discuss@...> on behalf of DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Monday, March 17, 2025 at 10:31 AM
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP-00XX Add Bitwave as a Weight 1 SVHello,
Please find the CIP 00XX: Add Bitwave as a Weight 1 SV open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/44. Full text below.
DA is the sponsor.
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.Anyone SV Node Operator willing to endorse or change needed?
Abstract
- Add Bitwave as a Weight 1 SV
- Bitwave commits to run their own SV (and wave the exemption provided in CIP-0045)
- This provides a source for auditors to check Canton Coin data for any network participant
- Adding another operator to the pool improves decentralization
Specification
- Increase the SV weight of the GSF node by 1, with Bitwave as the beneficiary.
- Grant Bitwave the right to operate a Super Validator node, joining in the next onboarding group, and transferring this SV weight to the Bitwave-operated node.
Motivation (what problem does this solve?)
- Audit eligible SV Operator
- Any network participant which undergoes an annual audit needs an eligible source of data for CC earnings, holdings, and more
- Auditors will not accept the participant’s node as proof
- Auditors strongly prefer to access this data from an authorized provider
- Onchain Payment Benefits
- Lower Transaction Fees – Compared to traditional payment rails (ACH, paper check, credit cards, bank wires).
- Faster Settlements – Transactions settle within minutes, even cross-border.
- 24/7 Availability – Eliminates reliance on banking hours or intermediaries.
- Security and Privacy – Canton’s privacy unlocks the full potential of on-chain enterprise payments not possible in other ecosystems
- Enable Compliance Enterprise Payments Workflows - Bitwave Workflow
- Vendor Onboarding
- ERP Integration
- Accounts Payable Workflow
- Payment Execution (USDC on Canton, Canton Coin)
- Remittance Delivery
- Accounting Automation
Rationale (why Bitwave is a good solution to this problem)
Bitwave is Audit Eligible, (etc)
Commitments to Canton Network
· Bitwave is already a member of the GSF and runs their own Validator on the Network and provides core accounting functions for Digital Asset and other Validators on the Network
· Bitwave commits to build and deploy an Enterprise Payments application to allow Accounts Payable (AP) / Intercompany Transfer payments to be made in Canton Coin and USDC on Canton upon the launch of USDC on Canton
o Bitwave has already enabled this Enterprise Payments application on chains like ETH, BTC, Polygon, Base, Stellar
o Coinbase is an early customer of Bitwave’s Enterprise Payments Application and has spoken publicly about making payments to enterprises like EY, WeWork, and Google in stablecoins at Enterprise Digital Asset Summit)
·
· Bitwave will make intros to teams at Coinbase and Google within 30 days of signing
o At least three Bitwave customer intros per year
· Bitwave agrees to a oint press release upon signing and at go-live of Bitwave application
About Bitwave
· Bitwave is the #1 digital asset subledger and on-chain finance platform for enterprises and institutions. Bitwave automates on-chain accounting workflows, streamlines regulatory compliance, and simplifies tax reporting complexity with a comprehensive, audit-ready platform.
· Built for enterprises and institutions, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams.
· Trusted by Fortune 100 companies and pioneering crypto-native projects alike, Bitwave enables the digital asset economy with scalable financial operations.
· For more information, visit bitwave.io.
Proposed Changes
- Grant Bitwave the right to join the network as a Super Validator with Weight 1
- C7/7RIDGE endorse this CIP.
Veronica
---------- Forwarded message ---------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
From: DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Mon, Mar 17, 2025 at 10:31 AM
Subject: [cip-discuss] CIP-00XX Add Bitwave as a Weight 1 SV
To: <cip-discuss@...>
Hello,
Please find the CIP 00XX: Add Bitwave as a Weight 1 SV open for discussion at the PR https://github.com/global-synchronizer-foundation/cips/pull/44. Full text below.
DA is the sponsor.
In order to move to a vote we are requesting a Super Validator Node Operator to endorse the CIP.Anyone SV Node Operator willing to endorse or change needed?Abstract
-
Add Bitwave as a Weight 1 SV
-
Bitwave commits to run their own SV (and wave the exemption provided in CIP-0045)
-
This provides a source for auditors to check Canton Coin data for any network participant
-
Adding another operator to the pool improves decentralization
Specification
-
Increase the SV weight of the GSF node by 1, with Bitwave as the beneficiary.
-
Grant Bitwave the right to operate a Super Validator node, joining in the next onboarding group, and transferring this SV weight to the Bitwave-operated node.
Motivation (what problem does this solve?)
-
Audit eligible SV Operator
-
Any network participant which undergoes an annual audit needs an eligible source of data for CC earnings, holdings, and more
-
Auditors will not accept the participant’s node as proof
-
Auditors strongly prefer to access this data from an authorized provider
-
Onchain Payment Benefits
-
Lower Transaction Fees – Compared to traditional payment rails (ACH, paper check, credit cards, bank wires).
-
Faster Settlements – Transactions settle within minutes, even cross-border.
-
24/7 Availability – Eliminates reliance on banking hours or intermediaries.
-
Security and Privacy – Canton’s privacy unlocks the full potential of on-chain enterprise payments not possible in other ecosystems
-
Enable Compliance Enterprise Payments Workflows - Bitwave Workflow
-
Vendor Onboarding
-
ERP Integration
-
Accounts Payable Workflow
-
Payment Execution (USDC on Canton, Canton Coin)
-
Remittance Delivery
-
Accounting Automation
Rationale (why Bitwave is a good solution to this problem)
Bitwave is Audit Eligible, (etc)
Commitments to Canton Network
-
Bitwave is already a member of the GSF and runs their own Validator on the Network and provides core accounting functions for Digital Asset and other Validators on the Network
-
Bitwave commits to build and deploy an Enterprise Payments application to allow Accounts Payable (AP) / Intercompany Transfer payments to be made in Canton Coin and USDC on Canton upon the launch of USDC on Canton
-
Bitwave has already enabled this Enterprise Payments application on chains like ETH, BTC, Polygon, Base, Stellar
-
Coinbase is an early customer of Bitwave’s Enterprise Payments Application and has spoken publicly about making payments to enterprises like EY, WeWork, and Google in stablecoins at Enterprise Digital Asset Summit)
-
Bitwave will make intros to teams at Coinbase and Google within 30 days of signing
-
At least three Bitwave customer intros per year
-
Bitwave agrees to a oint press release upon signing and at go-live of Bitwave application
About Bitwave
-
Bitwave is the #1 digital asset subledger and on-chain finance platform for enterprises and institutions. Bitwave automates on-chain accounting workflows, streamlines regulatory compliance, and simplifies tax reporting complexity with a comprehensive, audit-ready platform.
-
Built for enterprises and institutions, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams.
-
Trusted by Fortune 100 companies and pioneering crypto-native projects alike, Bitwave enables the digital asset economy with scalable financial operations.
-
For more information, visit bitwave.io.
Proposed Changes
-
Grant Bitwave the right to join the network as a Super Validator with Weight 1
-
