Proposal: Canopy - Open-source multi-asset fund CIP + protocol

Development Fund Proposal Submission

Proposal file: /proposals/canopy.md

---

Summary

Canopy is an open-source Daml package and draft CIP specification for composable fund infrastructure on Canton. It gives asset managers a standard way to create multi-asset funds with NAV tracking from RedStone oracle feeds, CIP-56 share tokens, subscription/redemption with lockups, fee accrual, and automated rebalancing through CantonSwap. The entire codebase ships under MIT license.

A working proof-of-concept is at github.com/iamyxsh/canopy-poc.

3 milestones, 6 months, ~833,000 CC. The output is a working fund protocol on mainnet with at least two live funds, a security audit, an SDK, and a formal CIP submission for a Canton Fund Standard co-sponsored with the Foundation.

Champion: Canton Foundation (Parth Chaturvedi, parth@canton.foundation)

---

Checklist

• [x] Proposal file added under /proposals/
• [x] Milestones and funding amounts defined
• [x] Acceptance criteria included
• [x] Alignment with Canton priorities described

---

Notes for Reviewers

• Tech & Ops champion: Parth Chaturvedi (Canton Foundation)
• Proof-of-concept demonstrating Daml fluency: https://github.com/iamyxsh/canopy-poc
• Designed as a CIP from day one per champion's recommendation
• All funding denominated in CC at ~$0.15 conversion rate