Mailing Lists/CIP-0075: Add Zodia as a SV with max weight 5Source on lists.sync.global ↗

CIP-0075: Add Zodia as a SV with max weight 5

cip-discussCIP-00752 messagesstarted 11-09-2025

Also mentions:CIP-0045

#1DrAmandaLMartin11-09-2025source ↗

Please see CIP below open for discussion. Feel free to reach out if you have questions!

CIP: CIP 00XX

Title: Add Zodia as an SV of Weight 5

Author: Eric Saraniecki

Status: Draft

Type: Governance

Created: 2025-09-11

Abstract:

Add Zodia Custody as a Super Validator with provisional Weight 5 as milestones and deliverables are reached over a 6 month period of time as proposed below
Zodia Custody commits to:

Enhance network value through integration of its product suite with Canton, bringing regulated custody, settlement, connectivity and tri-party collateral services to the network
Support development of Canton by providing practical feedback and suggestions on documentation, requirements and use cases

Associated rewards will remain unminted until defined milestones are met and verified through the Tokenomics Group review process.

About Applicant:

Zodia Custody is the institution-first digital asset custodian and custody infrastructure platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD.
Sitting at the intersection between traditional finance and digital asset-natives, Zodia has adopted a compliance and security-first approach, enabling cryptographically enforced instructions and transaction signing within seconds.
The Group has physical presence in the UK, EU, Singapore, Hong Kong, Australia, UAE (ADGM & VARA), Japan and serves clients globally.
Through the combination of the products below, Zodia Custody enables institutional investors around the globe to realise the full potential of the digital assets future – simply, safely, and without compromise.

Product Pillars:

HOLD: Custody; Sub-Custody
EARN: Treasury, Wealth Mgmt, Rewards
TRADE: Off-Venue Net Settlement, Tri Party Collateral Agency
BUILD: Token issuance; Custody / Prime Technology

Please find the following detailed sections in Appendix:

Appendix I – Motivation
Appendix II – Why Zodia?
Appendix III – Zodia’s Scope of Work

Deliverables for full SV Reward:

Deliverable	Acceptance Criteria	Deadline	Weight Earned
Off-Venue Settlement	Off-Venue Settlement Integration: Integrate the Canton network within Zodia Interchange, the Settlement Solution, allowing users to trade on-chain whilst assets are held with Zodia.	+180 days from CIP approval	+ 0.5
Off-Venue Settlement Acceleration Bonus	+0 Bonus if delivered +180 Days from SV CIP Approval +1 Bonus if delivered +60 Days from SV CIP Approval Linear sliding scale between +60 and +180 days Example: If delivered in +120 days, Zodia is awarded +0.5 SV Weight * At least one Zodia customer must be live, having completed an Off-Venue Settlement transaction on MainNet * At least one Top 25 exchange or OTC venue must be live, having completed a transaction on MainNet	+180 days from CIP approval	Max +1
Off-Venue Settlement Adoption Bonus	* Driving adoption of Canton with Zodia Off-Venue Settlement customers	+ 180 days from Off-Venue Settlement Go Live	Max +1 +0.5 per $1.5b of assets settled
Tri-Party Collateral Management	Tri-Party Collateral Mgmt Solution Build Tri-Party Collateral management solution on Canton network	+180 days from CIP approval	+ 0.5 (if delivered in 180 days)
Tri-Party Acceleration Bonus	+0 Bonus if delivered +180 Days from SV CIP Approval +1 Bonus if delivered +60 Days from SV CIP Approval Linear sliding scale between +60 and +180 days Example: If delivered in +120 days, Zodia is awarded +0.5 SV Weight * At least two Zodia Tri-Party customers must be live, having completed a Tri-Party transaction on MainNet	+180 days from CIP approval	Max +1
Tri-Party Adoption Bonus	* Driving adoption of Canton with Zodia Tri-Party customers	+ 180 days from Tri-Party Go Live	Max +1 +0.5 per $1.5b of assets settled

SV Mechanics:

● An ‘representative’ SV will be setup by the GSF with an SV Weight at the maximum earnable weight in this CIP

○ The Applicant is responsible for all costs associated with the operation of the representative SV

○ The representative SV will NOT mint rewards on a block by block basis

○ All representative SV rewards will go to the Unclaimed Rewards pool

● Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group

○ Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone

● If the Tokenomics Working Group agrees the milestone has been met and agrees with the calculation, an announcement will be sent via the Tokenomics-Announce mailing List

○ ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator

○ ⅔ of the Super Validator Operators will update their configurations to allow Applicant to takeover a portion of their SV Weight on a go-forward basis

● If any milestones and associated rewards are not achieved by the deadline

○ Applicant will be notified they have not met a deliverable by the GSF

○ Remaining SV Weight on the representative SV will be removed from the SV Operator configs

○ The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards

● Applicant is subject to CIP-0045 : SV Operating Requirements

○ If, at any time, the Applicant has been rewarded SV Weight > 2.5, they are required to operate their SV within 6 months of crossing that Weight

Appendix I - Motivation

The Canton Network's value and adoption are directly linked to the ability to use, delegate, pledge, transfer (Canton Coin and tokens on the Canton token standard) at scale.

As institutional adoption grows, there is an increasing need for Canton’s participants to have regulated custody and prime services that can bridge traditional finance, decentralized ledgers, and real-world use cases.

This integration requires:

Institutional-Grade, Regulated Custody
Financial institutions require compliant, secure and regulated custody services to be able to transact and settle at scale on the Canton Network. By integrating Zodia’s custodial, settlement and collateral services, Canton participants gain access to bank-grade services on-chain.
Multi-asset, multi-chain Portfolio Management:
As financial systems become more interconnected, the need to access, transact and manage portfolios at scale between Canton-issued tokens and other chains becomes critical. Zodia’s integration enables users of Canton to seamlessly manage their digital asset portfolio, allowing Canton to become a hub for financial activity market data.
Monetization Opportunities:
Participants in the Canton Network can benefit from waived custody fees and even new revenue streams by making their assets available
Connectivity and other Use cases:
Many financial applications require wallets connectivity. Zodia will bring both institutional wallets and connectivity to exchanges on our Interchange, Off-Exchange Settlement, product. This will enable additional access to participants across the digital asset ecosystem on Canton.
Scaling Opportunity & Credibility
Integration with a regulated custodian enables credibility, resilience and utility of the multiple use cases involved on the Canton Network among traditional financial institutions. This is particularly useful for settlement and collateral management purposes.

This proposal creates a mutually beneficial relationship where Zodia’s regulated custody services enhance the Canton Network's capabilities and connectivity, while Canton provides Zodia with a privacy-enhancing, secure environment to incorporate as part of its effort to provide financial market infrastructure for digital assets

Appendix II – Why Zodia

Zodia brings unique advantages to the Canton Network that make it a strong SV candidate:

Global Custodian with Regulatory Credentials :
The Zodia Group has physical presence and operates in the UK, EU, Singapore, Hong Kong, Australia, UAE (ADGM & VARA), Japan and serves clients globally. It is also registered with the FCA (UK), CBI (EU), CSSF (EU), FSRA (ADGM) and is permitted to operate in Australia and Singapore, whilst licensing is in progress with ASIC and MAS respectively.

Operational Excellence:

Major financial institutions trust our bank-grade custody technology and our key operational benefits:

a. Regulated global custodian, with >$300M insurance

b. 24/7 support

c. Security first-approach, with cryptographically signed instructions and a historic audit trail dating back to 2020

d. FATF Travel Rule Compliant

e. SOC I and SOC II certified infrastructure

Institutional Relationships:
Zodia’s client base includes top-tier financial institutions, exchanges, and market makers who represent potential Canton Network participants:
a. Global banks and investment firms
b. Asset managers and hedge funds
c. Cryptocurrency exchanges and market makers
d. Index providers and ETF issuers

Complementary Capabilities and Use Cases:
Zodia’s focus on wallet connectivity and independent tri-party servicing complements the existing strengths of current Super Validators, adding a specialized capability that enhances the overall network value proposition and allows scalability of existing POCs and applications.

By approving Zodia as a Super Validator, the Canton Network gains not just a node operator but a strategic partner with the practical and operational know-how, market position, and vision to drive new use cases within the network and to enable secure institutional scaling.

Appendix III — Zodia’s Scope of Work

Zodia commits to implementing the services for the Canton Network ecosystem:

Phase 1: Canton Chain Integration (Month 1)

Integrate support for Canton Coin and Canton token standard within Zodia Custody Infrastructure
Go-live with Canton Wallet management and reporting for clients
Include Canton in Zodia Rewards Program, a discretionary rewards program that provides waived custody fees and rewards sharing to Zodia’s clients. This incentivizes clients to support more Canton-related activity

Phase 2: Data Applications – Custody (Month 1-3)

Enable seamless inter-custodian settlement on Canton with at least one custodian. This includes settling transactions between the clients of one custodian and the clients of another custodian
Drive the abstraction of complexity related to a client’s management of the Wallet App, Validator Application and Client Custodial wallets. Enable a singular portfolio management point.

Phase 3: Data Applications - Ancillary Use Cases (Month 1-6)

Support integration of centralized exchanges within Canton Network
Integrate Zodia Interchange, the Off-Venue Settlement Solution with Canton Network. Execute first settlement between participants via Canton. This enables a strong infrastructure that reduces the need for bilateral interactions between participants and introduces the ability to net settle for trades between participants.
Integrate Zodia’s Tri party Collateral Management capabilities within Canton, complementing existing bilateral collateral management applications

Throughout this scope of work, Zodia will maintain regular communication with the Canton Foundation Tokenomics committee, provide detailed progress reports, and ensure all deliverables meet the specified acceptance criteria.

#2Pinar Emirdag24-09-2025source ↗

C7 is happy to sponsor this CIP.

From: cip-discuss@... <cip-discuss@...> on behalf of DrAmandaLMartin via lists.sync.global <amartin=linuxfoundation.org@...>
Date: Thursday, September 11, 2025 at 8:42 PM
To: cip-discuss@... <cip-discuss@...>
Subject: [cip-discuss] CIP-00XX: Add Zodia as a SV with max weight 5