Mailing Lists/CIP 00XX - Add the joint team of Midl and Tenzor Capital as Tier-2 Super Validator and Deliver Interoperability & Bitcoin Liquidity for the CantonSource on lists.sync.global ↗

CIP 00XX - Add the joint team of Midl and Tenzor Capital as Tier-2 Super Validator and Deliver Interoperability & Bitcoin Liquidity for the Canton

cip-discuss1 messagesstarted 29-07-2025
  1. #1DrAmandaLMartin29-07-2025source ↗
    Hello,
     
    This CIP has had some significant changes. Please see below for the update:
     
     
      CIP: CIP 00XX
  Title:  Add the joint team of Midl and Tenzor Capital as Tier-2 Super Validator and Deliver Interoperability & Bitcoin Liquidity for the Canton Network
  Author: Kirill Medvedev invest@...
  Status: Draft 
  Type: Standards Track 
  Created: 2025-05-19
  License: CC0-1.0

    Abstract

    Add the joint team of Midl and Tenzor Capital as a Tier-2 Super Validator (weight 3) on the Canton Network to deliver:

    • a production-ready, liquidity-free interoperability bridge between Canton and major chains (EVM, Solana, …) within 4 months of CIP approval;
    • native support for Bitcoin liquidity and BTC-denominated assets in Canton smart contracts within the same 4 months;
    • 3–5 pilot projects with leading financial institutions and corporations across Europe and the Middle East within 6 months.

    Motivation

    Canton currently lacks (1) a standardised, production-grade path for cross-chain liquidity and (2) native access to Bitcoin assets. Existing bridges immobilise liquidity and require bespoke integrations, slowing ecosystem growth.

    Specification

    Validator

    Field Value
    Entity Midl and Tenzor Capital
    Tier 2 (weight 3)
    Role Super Validator

    Interoperability Bridge

    • Provider: deBridge (Leading intent based bridge infrastructure).
    • Scope: connect Canton to EVM, Solana and other supported chains.
    • Features: message-based, liquidity-free transfers; extensible IaaS adapter framework.
    • Timeline: production release ≤ 4 months after CIP approval.

    Bitcoin Liquidity Integration

    • Provider: Midl.
    • Scope: integrate Canton into Midl’s infrastructure, enabling direct BTC wallet support and Bitcoin-native assets without wrapping.
    • Timeline: ≤ 4 months after CIP approval.

    Pilots

    Midl and Tenzor Capital will launch 3–5 pilots with Tier-1 financial institutions and corporates in Europe and the Middle East within 6 months.

    Rationale

    • deBridge already supports EVM, Solana and other ecosystems with fast, liquidity-free transfers and a modular adapter framework, making it a natural fit for Canton integration.
    • Midl provides Bitcoin-native smart-contract infrastructure, unlocking BTC liquidity for DeFi use cases without wrapping. Integration enables institutional Canton liquidity (US Treasuries, stablecoins, tokenized securities) to be used within a Bitcoin-native environment. Canton assets become programmable in Midl contracts for lending, AMMs and derivatives - all with compliant and secure execution. These components directly address the gaps identified in Motivation.

    Backwards Compatibility

    Purely additive; no changes to consensus rules or existing smart-contract semantics.

    Reference Implementation

    • deBridge Canton adapter (open-sourced under Apache-2.0).
    • Midl Canton integration module (Apache-2.0).

    Security Considerations

    • Validators operated with HSM-based key custody, multi-site redundancy and 24 / 7 monitoring.
    • deBridge design removes liquidity pools, reducing attack surface compared to lock-and-mint bridges.
    • Midl employs threshold-signature custody for BTC assets.

    Licensing

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