Mailing Lists/CIP-0082: DTCC Super Validator ParticipationSource on lists.sync.global ↗

CIP-0082: DTCC Super Validator Participation

cip-discussCIP-00826 messagesstarted 01-10-2025
  1. #1DrAmandaLMartin01-10-2025source ↗

    Number: TBA  
    Title: DTCC Super Validator Participation  
    Author(s): W. Eric Saraniecki  
    Type: Governance  
    Status: Draft  
    Created: 2025-10-01

    1. Summary

    This CIP proposes granting DTCC participation as a Super Validator (SV) with Weight 10. Given the strategic importance of DTCC to the Canton ecosystem, their inclusion will bring credibility, alignment with traditional financial infrastructure, and meaningful contributions to network governance and adoption.

    This CIP establishes an umbrella, milestone-based program through which the DTCC can receive SV Weight (up to 10) for initiatives that materially advance the Canton ecosystem.

    Unlike other CIPs, this program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Canton Foundation and will be made available to the Tokenomics Committee when appropriate and as needed.

    • Total Earnable Weight: 10 (max)

    • Accrual Destination: Escrow, consistent with existing SV escrow mechanics.

    • Confidentiality: The Committee will review the milestones and inform SVs if they have been met.

    2. Motivation

    DTCC is the largest post-trade financial services company in the world and a critical part of the global capital markets infrastructure. Bringing DTCC into the Canton SV set strengthens:

    • Institutional credibility of the network.

    • Alignment with traditional financial market infrastructure.

    • Adoption and integration pathways for large-scale institutional use cases.

    3. Deliverables & Milestones

    The specific deliverables and milestones for DTCC have been agreed privately with the Canton Foundation. These will be reviewed by the Tokenomics Committee on a confidential basis.

    • Milestone Review Process:
      The Tokenomics Committee will confirm whether DTCC has successfully met each milestone.

    • Reward Mechanism:
      Upon confirmation, rewards associated with milestones will be released from escrow.

    • Confidentiality:
      DTCC’s specific commitments will not be made public until the Foundation and DTCC determine it is appropriate.

    4. SV Mechanics

    • A ‘representative’ SV will be setup by the DTCC on the Foundation’s SV 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 Foundation

      • 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




  2. #2Veronica Augustsson02-10-2025source ↗

    Thank you. This is very exiting and I am in favor of this.

    One minor comment: Perhaps we should add the accountability group to help work out if the milestone(s) are met

    “If the Tokenomics Working Group together with the accountability group agrees the milestone...”

     

    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​​​​

    ​
    image674865.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

    toggle quoted message Show quoted text

    From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
    Sent: Wednesday, 1 October 2025 20:32
    To: cip-discuss@...
    Subject: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    Number: TBA  
    Title: DTCC Super Validator Participation  
    Author(s): W. Eric Saraniecki  
    Type: Governance  
    Status: Draft  
    Created: 2025-10-01

    1. Summary

    This CIP proposes granting DTCC participation as a Super Validator (SV) with Weight 10. Given the strategic importance of DTCC to the Canton ecosystem, their inclusion will bring credibility, alignment with traditional financial infrastructure, and meaningful contributions to network governance and adoption.

    This CIP establishes an umbrella, milestone-based program through which the DTCC can receive SV Weight (up to 10) for initiatives that materially advance the Canton ecosystem.

    Unlike other CIPs, this program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Canton Foundation and will be made available to the Tokenomics Committee when appropriate and as needed.

    • Total Earnable Weight: 10 (max)
    • Accrual Destination: Escrow, consistent with existing SV escrow mechanics.
    • Confidentiality: The Committee will review the milestones and inform SVs if they have been met.

    2. Motivation

    DTCC is the largest post-trade financial services company in the world and a critical part of the global capital markets infrastructure. Bringing DTCC into the Canton SV set strengthens:

    • Institutional credibility of the network.
    • Alignment with traditional financial market infrastructure.
    • Adoption and integration pathways for large-scale institutional use cases.

    3. Deliverables & Milestones

    The specific deliverables and milestones for DTCC have been agreed privately with the Canton Foundation. These will be reviewed by the Tokenomics Committee on a confidential basis.

    • Milestone Review Process:
      The Tokenomics Committee will confirm whether DTCC has successfully met each milestone.
    • Reward Mechanism:
      Upon confirmation, rewards associated with milestones will be released from escrow.
    • Confidentiality:
      DTCC’s specific commitments will not be made public until the Foundation and DTCC determine it is appropriate.

    4. SV Mechanics

    • A ‘representative’ SV will be setup by the DTCC on the Foundation’s SV 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 Foundation
      • 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



  3. #3Eric Saraniecki02-10-2025source ↗
    I stayed silent on that bc the accountability group isn't an official thing per se - happens to be current process of assisting the Tokenomics Committee so the existing language just keeps flexibility / doesn't have to change if process changes 

    I don't mind either way to be clear 

    toggle quoted message Show quoted text

    On Oct 2, 2025, at 3:52 PM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

    

    Thank you. This is very exiting and I am in favor of this.

    One minor comment: Perhaps we should add the accountability group to help work out if the milestone(s) are met

    “If the Tokenomics Working Group together with the accountability group agrees the milestone...”

     

    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​​​​

    ​
    <image674865.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 DrAmandaLMartin via lists.sync.global
    Sent: Wednesday, 1 October 2025 20:32
    To: cip-discuss@...
    Subject: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    Number: TBA  
    Title: DTCC Super Validator Participation  
    Author(s): W. Eric Saraniecki  
    Type: Governance  
    Status: Draft  
    Created: 2025-10-01

    1. Summary

    This CIP proposes granting DTCC participation as a Super Validator (SV) with Weight 10. Given the strategic importance of DTCC to the Canton ecosystem, their inclusion will bring credibility, alignment with traditional financial infrastructure, and meaningful contributions to network governance and adoption.

    This CIP establishes an umbrella, milestone-based program through which the DTCC can receive SV Weight (up to 10) for initiatives that materially advance the Canton ecosystem.

    Unlike other CIPs, this program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Canton Foundation and will be made available to the Tokenomics Committee when appropriate and as needed.

    • Total Earnable Weight: 10 (max)
    • Accrual Destination: Escrow, consistent with existing SV escrow mechanics.
    • Confidentiality: The Committee will review the milestones and inform SVs if they have been met.

    2. Motivation

    DTCC is the largest post-trade financial services company in the world and a critical part of the global capital markets infrastructure. Bringing DTCC into the Canton SV set strengthens:

    • Institutional credibility of the network.
    • Alignment with traditional financial market infrastructure.
    • Adoption and integration pathways for large-scale institutional use cases.

    3. Deliverables & Milestones

    The specific deliverables and milestones for DTCC have been agreed privately with the Canton Foundation. These will be reviewed by the Tokenomics Committee on a confidential basis.

    • Milestone Review Process:
      The Tokenomics Committee will confirm whether DTCC has successfully met each milestone.
    • Reward Mechanism:
      Upon confirmation, rewards associated with milestones will be released from escrow.
    • Confidentiality:
      DTCC’s specific commitments will not be made public until the Foundation and DTCC determine it is appropriate.

    4. SV Mechanics

    • A ‘representative’ SV will be setup by the DTCC on the Foundation’s SV 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 Foundation
      • 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




    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.
  4. #4Veronica Augustsson02-10-2025source ↗

    I see!

     

    toggle quoted message Show quoted text

    From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
    Sent: Thursday, 2 October 2025 11:20
    To: cip-discuss@...
    Cc: cip-discuss@...
    Subject: Re: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    I stayed silent on that bc the accountability group isn't an official thing per se - happens to be current process of assisting the Tokenomics Committee so the existing language just keeps flexibility / doesn't have to change if process changes 

     

    I don't mind either way to be clear 


    On Oct 2, 2025, at 3:52 PM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

    

    Thank you. This is very exiting and I am in favor of this.

    One minor comment: Perhaps we should add the accountability group to help work out if the milestone(s) are met

    “If the Tokenomics Working Group together with the accountability group agrees the milestone...”

     

    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

    From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
    Sent: Wednesday, 1 October 2025 20:32
    To: cip-discuss@...
    Subject: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    Number: TBA  
    Title: DTCC Super Validator Participation  
    Author(s): W. Eric Saraniecki  
    Type: Governance  
    Status: Draft  
    Created: 2025-10-01

    1. Summary

    This CIP proposes granting DTCC participation as a Super Validator (SV) with Weight 10. Given the strategic importance of DTCC to the Canton ecosystem, their inclusion will bring credibility, alignment with traditional financial infrastructure, and meaningful contributions to network governance and adoption.

    This CIP establishes an umbrella, milestone-based program through which the DTCC can receive SV Weight (up to 10) for initiatives that materially advance the Canton ecosystem.

    Unlike other CIPs, this program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Canton Foundation and will be made available to the Tokenomics Committee when appropriate and as needed.

    1. Total Earnable Weight: 10 (max)
    2. Accrual Destination: Escrow, consistent with existing SV escrow mechanics.
    3. Confidentiality: The Committee will review the milestones and inform SVs if they have been met.

    2. Motivation

    DTCC is the largest post-trade financial services company in the world and a critical part of the global capital markets infrastructure. Bringing DTCC into the Canton SV set strengthens:

    1. Institutional credibility of the network.
    2. Alignment with traditional financial market infrastructure.
    3. Adoption and integration pathways for large-scale institutional use cases.

    3. Deliverables & Milestones

    The specific deliverables and milestones for DTCC have been agreed privately with the Canton Foundation. These will be reviewed by the Tokenomics Committee on a confidential basis.

    1. Milestone Review Process:
      The Tokenomics Committee will confirm whether DTCC has successfully met each milestone.
    2. Reward Mechanism:
      Upon confirmation, rewards associated with milestones will be released from escrow.
    3. Confidentiality:
      DTCC’s specific commitments will not be made public until the Foundation and DTCC determine it is appropriate.

    4. SV Mechanics

    1. A ‘representative’ SV will be setup by the DTCC on the Foundation’s SV at the maximum earnable weight in this CIP
      1. The Applicant is responsible for all costs associated with the operation of the representative SV
      2. The representative SV will NOT mint rewards on a block by block basis
      3. All representative SV rewards will go to the Unclaimed Rewards pool
    1. Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group
      1. Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone
    1. 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
      1. ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator
      2. 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
    1. If any milestones and associated rewards are not achieved by the deadline
      1. Applicant will be notified they have not met a deliverable by the Foundation
      2. Remaining SV Weight on the representative SV will be removed from the SV Operator configs
      3. The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards





    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.

  5. #5Yiannis Varelas02-10-2025source ↗
    Five North in favor. Very exciting. 



    toggle quoted message Show quoted text

    On Oct 2, 2025, at 12:21, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

    

    I see!

     

    From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
    Sent: Thursday, 2 October 2025 11:20
    To: cip-discuss@...
    Cc: cip-discuss@...
    Subject: Re: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    I stayed silent on that bc the accountability group isn't an official thing per se - happens to be current process of assisting the Tokenomics Committee so the existing language just keeps flexibility / doesn't have to change if process changes 

     

    I don't mind either way to be clear 


    On Oct 2, 2025, at 3:52 PM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

    

    Thank you. This is very exiting and I am in favor of this.

    One minor comment: Perhaps we should add the accountability group to help work out if the milestone(s) are met

    “If the Tokenomics Working Group together with the accountability group agrees the milestone...”

     

    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

    From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
    Sent: Wednesday, 1 October 2025 20:32
    To: cip-discuss@...
    Subject: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    Number: TBA  
    Title: DTCC Super Validator Participation  
    Author(s): W. Eric Saraniecki  
    Type: Governance  
    Status: Draft  
    Created: 2025-10-01

    1. Summary

    This CIP proposes granting DTCC participation as a Super Validator (SV) with Weight 10. Given the strategic importance of DTCC to the Canton ecosystem, their inclusion will bring credibility, alignment with traditional financial infrastructure, and meaningful contributions to network governance and adoption.

    This CIP establishes an umbrella, milestone-based program through which the DTCC can receive SV Weight (up to 10) for initiatives that materially advance the Canton ecosystem.

    Unlike other CIPs, this program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Canton Foundation and will be made available to the Tokenomics Committee when appropriate and as needed.

    1. Total Earnable Weight: 10 (max)
    2. Accrual Destination: Escrow, consistent with existing SV escrow mechanics.
    3. Confidentiality: The Committee will review the milestones and inform SVs if they have been met.

    2. Motivation

    DTCC is the largest post-trade financial services company in the world and a critical part of the global capital markets infrastructure. Bringing DTCC into the Canton SV set strengthens:

    1. Institutional credibility of the network.
    2. Alignment with traditional financial market infrastructure.
    3. Adoption and integration pathways for large-scale institutional use cases.

    3. Deliverables & Milestones

    The specific deliverables and milestones for DTCC have been agreed privately with the Canton Foundation. These will be reviewed by the Tokenomics Committee on a confidential basis.

    1. Milestone Review Process:
      The Tokenomics Committee will confirm whether DTCC has successfully met each milestone.
    2. Reward Mechanism:
      Upon confirmation, rewards associated with milestones will be released from escrow.
    3. Confidentiality:
      DTCC’s specific commitments will not be made public until the Foundation and DTCC determine it is appropriate.

    4. SV Mechanics

    1. A ‘representative’ SV will be setup by the DTCC on the Foundation’s SV at the maximum earnable weight in this CIP
      1. The Applicant is responsible for all costs associated with the operation of the representative SV
      2. The representative SV will NOT mint rewards on a block by block basis
      3. All representative SV rewards will go to the Unclaimed Rewards pool
    1. Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group
      1. Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone
    1. 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
      1. ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator
      2. 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
    1. If any milestones and associated rewards are not achieved by the deadline
      1. Applicant will be notified they have not met a deliverable by the Foundation
      2. Remaining SV Weight on the representative SV will be removed from the SV Operator configs
      3. The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards





    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.

  6. #6Kinga Bosse02-10-2025source ↗
    MPCH is in favor 

    toggle quoted message Show quoted text

    From: cip-discuss@... <cip-discuss@...> on behalf of Yiannis Varelas via lists.sync.global <y=fivenorthgroup.com@...>
    Sent: Thursday, October 2, 2025 6:36:20 AM
    To: cip-discuss@... <cip-discuss@...>
    Cc: cip-discuss@... <cip-discuss@...>
    Subject: Re: [cip-discuss] CIP-TBD: DTCC Super Validator Participation
     
    Five North in favor. Very exciting. 



    On Oct 2, 2025, at 12:21, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

    

    I see!

     

    From: cip-discuss@... <cip-discuss@...> On Behalf Of Eric Saraniecki via lists.sync.global
    Sent: Thursday, 2 October 2025 11:20
    To: cip-discuss@...
    Cc: cip-discuss@...
    Subject: Re: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    I stayed silent on that bc the accountability group isn't an official thing per se - happens to be current process of assisting the Tokenomics Committee so the existing language just keeps flexibility / doesn't have to change if process changes 

     

    I don't mind either way to be clear 


    On Oct 2, 2025, at 3:52 PM, Veronica Augustsson via lists.sync.global <veronica=7ridge.com@...> wrote:

    

    Thank you. This is very exiting and I am in favor of this.

    One minor comment: Perhaps we should add the accountability group to help work out if the milestone(s) are met

    “If the Tokenomics Working Group together with the accountability group agrees the milestone...”

     

    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

    From: cip-discuss@... <cip-discuss@...> On Behalf Of DrAmandaLMartin via lists.sync.global
    Sent: Wednesday, 1 October 2025 20:32
    To: cip-discuss@...
    Subject: [cip-discuss] CIP-TBD: DTCC Super Validator Participation

     

    Number: TBA  
    Title: DTCC Super Validator Participation  
    Author(s): W. Eric Saraniecki  
    Type: Governance  
    Status: Draft  
    Created: 2025-10-01

    1. Summary

    This CIP proposes granting DTCC participation as a Super Validator (SV) with Weight 10. Given the strategic importance of DTCC to the Canton ecosystem, their inclusion will bring credibility, alignment with traditional financial infrastructure, and meaningful contributions to network governance and adoption.

    This CIP establishes an umbrella, milestone-based program through which the DTCC can receive SV Weight (up to 10) for initiatives that materially advance the Canton ecosystem.

    Unlike other CIPs, this program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Canton Foundation and will be made available to the Tokenomics Committee when appropriate and as needed.

    1. Total Earnable Weight: 10 (max)
    2. Accrual Destination: Escrow, consistent with existing SV escrow mechanics.
    3. Confidentiality: The Committee will review the milestones and inform SVs if they have been met.

    2. Motivation

    DTCC is the largest post-trade financial services company in the world and a critical part of the global capital markets infrastructure. Bringing DTCC into the Canton SV set strengthens:

    1. Institutional credibility of the network.
    2. Alignment with traditional financial market infrastructure.
    3. Adoption and integration pathways for large-scale institutional use cases.

    3. Deliverables & Milestones

    The specific deliverables and milestones for DTCC have been agreed privately with the Canton Foundation. These will be reviewed by the Tokenomics Committee on a confidential basis.

    1. Milestone Review Process:
      The Tokenomics Committee will confirm whether DTCC has successfully met each milestone.
    2. Reward Mechanism:
      Upon confirmation, rewards associated with milestones will be released from escrow.
    3. Confidentiality:
      DTCC’s specific commitments will not be made public until the Foundation and DTCC determine it is appropriate.

    4. SV Mechanics

    1. A ‘representative’ SV will be setup by the DTCC on the Foundation’s SV at the maximum earnable weight in this CIP
      1. The Applicant is responsible for all costs associated with the operation of the representative SV
      2. The representative SV will NOT mint rewards on a block by block basis
      3. All representative SV rewards will go to the Unclaimed Rewards pool
    1. Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group
      1. Applicant is required to present a calculation for number of Canton Coin it should earn for meeting the requirements of the milestone
    1. 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
      1. ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator
      2. 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
    1. If any milestones and associated rewards are not achieved by the deadline
      1. Applicant will be notified they have not met a deliverable by the Foundation
      2. Remaining SV Weight on the representative SV will be removed from the SV Operator configs
      3. The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards





    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.