From 585d6b76a2c5b38c756cde67dc241749df2ed8a5 Mon Sep 17 00:00:00 2001 From: bstolman1 <82995922+bstolman1@users.noreply.github.com> Date: Tue, 20 Jan 2026 14:10:28 -0500 Subject: [PATCH 1/3] cip-0101 Add Tharimmune as a Super Validator (SV) --- cip-0101/cip-0101.md | 86 ++++++++++++++++++++++++++++++++++++++++++++ 1 file changed, 86 insertions(+) create mode 100644 cip-0101/cip-0101.md diff --git a/cip-0101/cip-0101.md b/cip-0101/cip-0101.md new file mode 100644 index 0000000..22c8579 --- /dev/null +++ b/cip-0101/cip-0101.md @@ -0,0 +1,86 @@ +# CIP-0101: Add Tharimmune as a Super Validator (SV) + + +Number: CIP-0101 +Title: Add Tharimmune as a Super Validator (SV) +Author(s): Mark Wendland (mwendland@...) +Type: Governance +Status: Revised Draft +Created: 2025-01-17 +License: CC0-1.0 + + +## Abstract + +Add Tharimmune, Inc. (“Tharimmune”) as a weight 4 Super Validator (SV) on the Global Synchronizer. Reward weight will be granted via escrow mechanism and released in tranches as milestones are delivered. Tharimmune is a Canton ecosystem–focused digital asset treasury company that has publicly committed capital and participation to the network, including validator operations and ecosystem support. Tharimmune will act as a new, independent operator to strengthen decentralization and provide public-goods contributions to the network. + +## Motivation + +Tharimmune recently announced a $545M private placement to establish a Canton Coin (CC) treasury and actively participate in the network via validator infrastructure and application development. Onboarding Tharimmune as an SV allows Tharimmune to strengthen its commitment to the ecosystem by driving utility, enhancing governance participation, providing public goods and assisting with community engagement across the Canton ecosystem. Tharimmune’s stated strategy includes running validators and contributing standards and tools—activities aligned with SV responsibilities. Tharimmune operates as a publicly listed company and adheres to SEC and Nasdaq rules. + +Tharimmune’s planned membership and committee participation further anchors accountability for the milestones in this CIP. + +## About the Applicant + +Admit Tharimmune as a Super Validator with total requested reward weight 4, granted into escrow and released in milestone-based tranches as defined below. + +## Deliverables for Full SV Reward + +The proposed framework allocates a total potential weight of 4 in Ecosystem Community Engagement. + +### Deliverable 1: Publish Quarterly Ecosystem Research Report + +**Description** +Publish a quarterly report covering: on-chain analytics, community developments, governance/tokenomics, planned tech updates, and dashboard statistics. Report will be filed with Nasdaq and distributed as a PR report under the ticker. As a publicly traded company our reach is much broader across institutional and retail investors. Weight earned quarterly until the CIP max weight is earned, then continue quarterly for an additional 1 year. + +**Deadline** +2.25 years from CIP approval + +**Weight Earned** ++2 Max +(+0.25 per quarterly report) + +### Deliverable 2: Hold Public Quarterly Community Webinar + +**Description** +Hold an open-to-the-public quarterly webinar (min 45 min) covering: on-chain analytics, community developments, governance/tokenomics, and planned tech updates. As a publicly traded company our reach is much broader across institutional and retail investors. Weight earned per webinar for 2 years following CIP approval. + +**Deadline** +2.25 years from CIP approval + +**Weight Earned** ++2 Max +(+0.25 per quarterly webinar) + +## SV Reward Mechanics + +- An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the Foundation, or another SV node operator approved to provide SV rewards escrow services, with an SV Weight at the maximum earnable weight. +- The Applicant is responsible for coordinating the process of setting up the escrowed weights with the GSF and the operator of the SV node. +- The Applicant is responsible for all costs associated with the operation of the escrow SV. +- The escrow SV will NOT mint rewards on a block-by-block basis. +- All escrow SV rewards will go to the Unclaimed Rewards pool. +- ⅔ of the Super Validator Operators will update their configurations to allow the escrowing SV node to host the full weight to be earned by the given Super Validator. +- Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group. +- Applicant must present a calculation for the number of Canton Coin it should earn for meeting milestone requirements. +- If the Tokenomics Working Group agrees the milestone has been met and approves the calculation, an announcement will be sent via the Tokenomics-Announce mailing list. +- The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator. +- ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the approved calculation. + +### Failure to Meet Milestones + +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 assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators. +- The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards. + +## Operational Expectations (non-exhaustive) + +- **SV operations:** Maintain reliable SV infrastructure in line with official guidance (Kubernetes deployment, DR, security hardening, monitoring). +- **Governance:** Participate in SV votes and network governance; publish milestone progress and artifacts (CIPs, repos, docs). +- **Security:** Follow KMS recommendations for participant keys and adopt SV security-hardening practices. +- **Transparency:** Provide quarterly milestone updates to the Accountability committee (and Tokenomics where applicable). + +## Copyright + +This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal. From 92abb1212db1084b23ca2e6cd5bafb3ff7f5db5a Mon Sep 17 00:00:00 2001 From: bstolman1 <82995922+bstolman1@users.noreply.github.com> Date: Tue, 20 Jan 2026 14:16:31 -0500 Subject: [PATCH 2/3] cip-0102 Add Finoa as an SV of Weight 3 --- cip-0102/cip-0102.md | 181 +++++++++++++++++++++++++++++++++++++++++++ 1 file changed, 181 insertions(+) create mode 100644 cip-0102/cip-0102.md diff --git a/cip-0102/cip-0102.md b/cip-0102/cip-0102.md new file mode 100644 index 0000000..ccc300c --- /dev/null +++ b/cip-0102/cip-0102.md @@ -0,0 +1,181 @@ +# CIP-0102: Add Finoa as an SV of Weight 3 + + +Number: CIP-0102 +Title: Add Finoa as an SV of Weight 3 +Author(s): Christopher May, Henrik Gebbing, & Keith Flynn +Type: Governance +Status: Draft +Created: 2026-01-20 +License: CC0-1.0 + + +## Abstract + +Add Finoa as a Super Validator (SV) of Weight 3. + +## About the Applicant + +Finoa is a leading European Union digital asset infrastructure provider headquartered in Berlin, Germany. +Founded in 2018, Finoa delivers institutional-grade custody, staking, and network participation services to a global client base that includes banks, investment funds, asset managers, and Web3 foundations, and is backed by leading financial investors such as Balderton and Santander Bank (Mouro Capital). + +**Key Highlights:** + +- Serving high-profile institutional clients across the globe +- Supporting 100+ digital assets and operating over 10,000 deployed nodes +- Proven operational excellence in validator infrastructure, currently managing 10 active validators on the Canton Network, with 5 additional validator slots approved +- Developing two Canton Featured Apps, Tokino & Vala Wallet +- Recognized for secure, compliant, and transparent infrastructure, with a strong focus on operational reliability and institutional-grade risk management + +## Motivation + +### Finoa’s Role within the Canton Network + +Finoa is already an institutional infrastructure partner to the Canton Network, serving Tier-1 institutions such as Börse Stuttgart, Bank Frick, Tradias, Blockchain.com, and Centrifuge as a Node-as-a-Service (NaaS) operator. These institutions require a regulated custodian not only to hold the Canton Coin rewards generated via their validators, but also to custody and monetise the on-chain financial products they issue or distribute on Canton. + +In parallel, Finoa is in active discussions with tokenisation platforms issuing on Canton (such as SG Forge and Black Manta), as well as stablecoin issuers, to serve as a custody and infrastructure provider for them and their end-clients. Over time, Finoa’s goal is to expand its role from being an infrastructure provider to becoming a distribution and platform partner for Canton-based tokenised products—offering these instruments, and their associated financial use cases, directly to Finoa’s institutional customer base. + +To realise this strategy and deepen its impact on the Canton ecosystem as a Super Validator, Finoa commits to implementing the following phased roadmap. + +## Rationale + +### Roadmap Enabled by Super Validator Status + +#### Phase 1 – Custody Integration + +Finoa will expand its regulated institutional custody platform to fully support Canton-native assets and tokenised instruments, including stablecoins, issued on the Canton Network. + +**Scope:** + +- Add Canton Coin and assets issued under the Canton Token Standard as supported assets within Finoa’s custody platform so they can be held, serviced, and accounted for alongside clients’ existing digital asset portfolios +- Provide clients with full portfolio visibility and controls for their Canton positions—including balances, transaction history, and reconciliations—integrated into Finoa’s existing reporting and operations stack +- Act as the regulated safekeeping venue for tokenised instruments issued on Canton, including products from tokenisation platforms, giving their end-clients a compliant place to hold and manage these assets +- Implement custody workflows such as escrow arrangements, managed lock-up and vesting schedules, collateral pledging, and other secured holding structures for Canton-native and tokenised assets, enabling use cases like secured lending, repo, and structured products + +**Outcome:** + +- Tier-1 validator clients & institutional clients have a regulated, institutional-grade venue to hold Canton rewards and Canton-based tokenised assets +- Finoa will deepen partnerships with validator clients such as Börse Stuttgart, Bank Frick, and others by: + - Offering custody for Canton-based products originated by these validator clients to Finoa’s institutional clients + - Providing Finoa custody as an option for validator clients’ end-customers who wish to hold Canton-related products in a regulated environment +- Where Finoa provides custody for Canton-based tokenised products, these assets can be used in institutional workflows, including serving as collateral in financing structures (e.g. secured lending, repo, or other credit arrangements), subject to applicable risk and compliance frameworks + +--- + +#### Phase 2 – On/Off-Ramp Connectivity + +Finoa will link Canton-native assets and tokenised products to its broader funding and trading channels, making it straightforward for institutions to deploy and adjust capital in Canton-based exposures. + +**Scope:** + +- Work with Finoa’s existing payment partners so that institutional clients can fund and withdraw Canton Coin and selected Canton-linked stablecoins via supported fiat rails +- Connect to liquidity and brokerage partners to enable buying and selling of Canton-based tokenised assets, where permitted by regulation and demand +- Set up operational workflows that allow clients to subscribe, redeem, and rebalance positions in Canton-native and tokenised products held under Finoa’s custody +- Align movements between custody accounts, funding channels, and Canton validator wallets to enable efficient capital movement between off-chain and on-chain environments + +**Outcome:** + +- Institutional clients can enter, adjust, and exit Canton exposures using familiar funding and trading channels, reducing friction to adopt Canton-based assets + +--- + +#### Phase 3 – Yield Infrastructure + +Finoa will integrate Canton-native yield avenues into its custody platform, enabling institutional clients to earn on-chain yield on Canton Coin & Canton-issued assets while keeping assets under regulated custody. + +**Scope:** + +- Offer Tokino and other approved on-chain yield opportunities through Finoa’s custody platform +- Provide full lifecycle support for allocating, monitoring, and redeeming yield positions directly from custody +- Expand the yield menu to include additional yield-bearing Canton-native assets and structures +- Offer tCC liquid staking derivative (LSD) tokens representing claims on Canton Coin committed to Tokino +- Collaborate with tokenisation platforms and ecosystem partners to ensure safe custody and reporting of yield products + +**Outcome:** + +- Institutional clients gain access to curated on-chain yield options managed entirely within custody +- Yield positions integrate into institutional workflows including risk, collateral, and reporting processes + +--- + +#### Phase 4 – Distribution & Tokenised Product Access + +Finoa will act as a distribution partner for Canton-based tokenised products. + +**Scope:** + +- Establish direct distribution relationships with tokenisation platforms +- Onboard institutional investors using Finoa’s existing KYC, risk, and suitability processes +- Aggregate institutional demand and present signals to tokenisation platforms +- Facilitate primary subscriptions and settlement within custody accounts +- Support lifecycle events such as income distributions, redemptions, and reporting + +**Outcome:** + +- Institutional capital is directed into Canton-native issuances +- Tokenisation platforms benefit from aggregated, qualified demand and end-to-end servicing + +## Specification + +### Deliverables for Full SV Reward + +--- + +**Finoa Custody Support for Canton Token Standard** + +- Integrate custody support for Canton Token Standard assets +- Assets can be held, viewed, and managed through Finoa’s custody interface +- Integration passes security validation + +**Deadline:** +180 days from CIP approval +**Weight Earned:** 0.5 + +--- + +**Institutional Adoption Milestone** + +- Drive Canton adoption among Finoa’s institutional clients +- 3 institutional clients hold Canton Coin or Canton-issued assets under Finoa custody + +**Deadline:** +180 days from custody support going live +**Weight Earned:** 0.5 + +--- + +**Adoption Bonus** + +- All CC burn attributable to activity facilitated via Finoa custody is considered inelastic burn + +**Deadline:** +180 days from custody support going live +**Weight Earned:** +0.5 per $2m of inelastic burn +**Maximum:** +2 + +## SV Reward Mechanics + +- An extraBeneficiary PartyID associated with the escrowed SV will be set up by the GSF with maximum earnable weight +- Applicant coordinates escrow setup with GSF and SV operator +- Applicant bears all operational costs +- Escrow SV does not mint block-by-block rewards +- All rewards flow to the Unclaimed Rewards pool +- ⅔ of SV Operators update configs to allow GSF-hosted escrow weights + +- Applicant presents proof of milestones and CC calculations to the Tokenomics Working Group +- Upon approval, announcement is sent via Tokenomics-Announce +- GSF updates extraBeneficiary to Applicant-controlled PartyID +- ⅔ of SV Operators assign approved rewards from Unclaimed Rewards + +**Failure Conditions:** + +- Applicant notified of unmet deliverables +- Remaining escrowed weight removed by SV vote +- Tokenomics Working Group recommends disposition of Unclaimed Rewards + +Applicant is subject to **CIP-0045: SV Operating Requirements**. +If rewarded SV Weight exceeds 2.5, Applicant must operate its own SV within 6 months. + +## Copyright + +This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal. + + + From 52276e0a543f5573baaccc093201187dec9e871c Mon Sep 17 00:00:00 2001 From: Amanda L Martin Date: Tue, 20 Jan 2026 14:42:11 -0500 Subject: [PATCH 3/3] format changes --- README.md | 1 + cip-0101/cip-0101.md | 202 +++++++++++++++++++++++++++++++------------ cip-0102/cip-0102.md | 181 -------------------------------------- 3 files changed, 150 insertions(+), 234 deletions(-) delete mode 100644 cip-0102/cip-0102.md diff --git a/README.md b/README.md index f0336a8..a2bf82f 100644 --- a/README.md +++ b/README.md @@ -94,3 +94,4 @@ Global Synchronizer CIPs | [cip-0097](/cip-0097/cip-0097.md) | | Nasdaq Super Validator Participation | Eric Saraniecki | Governance | Approved | | [cip-0098](/cip-0098/cip-0098.md) | | Cap Per-Transaction Application Rewards at $1.50 | Eric Saraniecki | Tokenomics | Approved | | [cip-0099](/cip-0099/cip-0099.md) | | Zero Hash Modifications to Adoption Incentive | Eric Saraniecki | Governance | Approved | +| [cip-0101](/cip-0101/cip-0101.md) | | Add Finoa as an SV of Weight 3 | Eric Saraniecki | Governance | Proposed | diff --git a/cip-0101/cip-0101.md b/cip-0101/cip-0101.md index 22c8579..fafebe4 100644 --- a/cip-0101/cip-0101.md +++ b/cip-0101/cip-0101.md @@ -1,86 +1,182 @@ -# CIP-0101: Add Tharimmune as a Super Validator (SV) +# CIP-0101: Add Finoa as an SV of Weight 3 - -Number: CIP-0101 -Title: Add Tharimmune as a Super Validator (SV) -Author(s): Mark Wendland (mwendland@...) +
+Number: CIP-0101 
+Title: Add Finoa as an SV of Weight 3  
+Author(s): Christopher May, Henrik Gebbing, & Keith Flynn  
 Type: Governance  
-Status: Revised Draft  
-Created: 2025-01-17  
+Status: Proposed  
+Created: 2026-01-20    
 License: CC0-1.0
## Abstract -Add Tharimmune, Inc. (“Tharimmune”) as a weight 4 Super Validator (SV) on the Global Synchronizer. Reward weight will be granted via escrow mechanism and released in tranches as milestones are delivered. Tharimmune is a Canton ecosystem–focused digital asset treasury company that has publicly committed capital and participation to the network, including validator operations and ecosystem support. Tharimmune will act as a new, independent operator to strengthen decentralization and provide public-goods contributions to the network. +Add Finoa as a Super Validator (SV) of Weight 3. + +## About the Applicant + +Finoa is a leading European Union digital asset infrastructure provider headquartered in Berlin, Germany. +Founded in 2018, Finoa delivers institutional-grade custody, staking, and network participation services to a global client base that includes banks, investment funds, asset managers, and Web3 foundations, and is backed by leading financial investors such as Balderton and Santander Bank (Mouro Capital). + +**Key Highlights:** + +- Serving high-profile institutional clients across the globe +- Supporting 100+ digital assets and operating over 10,000 deployed nodes +- Proven operational excellence in validator infrastructure, currently managing 10 active validators on the Canton Network, with 5 additional validator slots approved +- Developing two Canton Featured Apps, Tokino & Vala Wallet +- Recognized for secure, compliant, and transparent infrastructure, with a strong focus on operational reliability and institutional-grade risk management ## Motivation -Tharimmune recently announced a $545M private placement to establish a Canton Coin (CC) treasury and actively participate in the network via validator infrastructure and application development. Onboarding Tharimmune as an SV allows Tharimmune to strengthen its commitment to the ecosystem by driving utility, enhancing governance participation, providing public goods and assisting with community engagement across the Canton ecosystem. Tharimmune’s stated strategy includes running validators and contributing standards and tools—activities aligned with SV responsibilities. Tharimmune operates as a publicly listed company and adheres to SEC and Nasdaq rules. +### Finoa’s Role within the Canton Network -Tharimmune’s planned membership and committee participation further anchors accountability for the milestones in this CIP. +Finoa is already an institutional infrastructure partner to the Canton Network, serving Tier-1 institutions such as Börse Stuttgart, Bank Frick, Tradias, Blockchain.com, and Centrifuge as a Node-as-a-Service (NaaS) operator. These institutions require a regulated custodian not only to hold the Canton Coin rewards generated via their validators, but also to custody and monetise the on-chain financial products they issue or distribute on Canton. -## About the Applicant +In parallel, Finoa is in active discussions with tokenisation platforms issuing on Canton (such as SG Forge and Black Manta), as well as stablecoin issuers, to serve as a custody and infrastructure provider for them and their end-clients. Over time, Finoa’s goal is to expand its role from being an infrastructure provider to becoming a distribution and platform partner for Canton-based tokenised products—offering these instruments, and their associated financial use cases, directly to Finoa’s institutional customer base. -Admit Tharimmune as a Super Validator with total requested reward weight 4, granted into escrow and released in milestone-based tranches as defined below. +To realise this strategy and deepen its impact on the Canton ecosystem as a Super Validator, Finoa commits to implementing the following phased roadmap. -## Deliverables for Full SV Reward +## Rationale -The proposed framework allocates a total potential weight of 4 in Ecosystem Community Engagement. +### Roadmap Enabled by Super Validator Status -### Deliverable 1: Publish Quarterly Ecosystem Research Report +#### Phase 1 – Custody Integration -**Description** -Publish a quarterly report covering: on-chain analytics, community developments, governance/tokenomics, planned tech updates, and dashboard statistics. Report will be filed with Nasdaq and distributed as a PR report under the ticker. As a publicly traded company our reach is much broader across institutional and retail investors. Weight earned quarterly until the CIP max weight is earned, then continue quarterly for an additional 1 year. +Finoa will expand its regulated institutional custody platform to fully support Canton-native assets and tokenised instruments, including stablecoins, issued on the Canton Network. -**Deadline** -2.25 years from CIP approval +**Scope:** -**Weight Earned** -+2 Max -(+0.25 per quarterly report) +- Add Canton Coin and assets issued under the Canton Token Standard as supported assets within Finoa’s custody platform so they can be held, serviced, and accounted for alongside clients’ existing digital asset portfolios +- Provide clients with full portfolio visibility and controls for their Canton positions—including balances, transaction history, and reconciliations—integrated into Finoa’s existing reporting and operations stack +- Act as the regulated safekeeping venue for tokenised instruments issued on Canton, including products from tokenisation platforms, giving their end-clients a compliant place to hold and manage these assets +- Implement custody workflows such as escrow arrangements, managed lock-up and vesting schedules, collateral pledging, and other secured holding structures for Canton-native and tokenised assets, enabling use cases like secured lending, repo, and structured products -### Deliverable 2: Hold Public Quarterly Community Webinar +**Outcome:** -**Description** -Hold an open-to-the-public quarterly webinar (min 45 min) covering: on-chain analytics, community developments, governance/tokenomics, and planned tech updates. As a publicly traded company our reach is much broader across institutional and retail investors. Weight earned per webinar for 2 years following CIP approval. +- Tier-1 validator clients & institutional clients have a regulated, institutional-grade venue to hold Canton rewards and Canton-based tokenised assets +- Finoa will deepen partnerships with validator clients such as Börse Stuttgart, Bank Frick, and others by: + - Offering custody for Canton-based products originated by these validator clients to Finoa’s institutional clients + - Providing Finoa custody as an option for validator clients’ end-customers who wish to hold Canton-related products in a regulated environment +- Where Finoa provides custody for Canton-based tokenised products, these assets can be used in institutional workflows, including serving as collateral in financing structures (e.g. secured lending, repo, or other credit arrangements), subject to applicable risk and compliance frameworks -**Deadline** -2.25 years from CIP approval +--- -**Weight Earned** -+2 Max -(+0.25 per quarterly webinar) +#### Phase 2 – On/Off-Ramp Connectivity -## SV Reward Mechanics +Finoa will link Canton-native assets and tokenised products to its broader funding and trading channels, making it straightforward for institutions to deploy and adjust capital in Canton-based exposures. + +**Scope:** + +- Work with Finoa’s existing payment partners so that institutional clients can fund and withdraw Canton Coin and selected Canton-linked stablecoins via supported fiat rails +- Connect to liquidity and brokerage partners to enable buying and selling of Canton-based tokenised assets, where permitted by regulation and demand +- Set up operational workflows that allow clients to subscribe, redeem, and rebalance positions in Canton-native and tokenised products held under Finoa’s custody +- Align movements between custody accounts, funding channels, and Canton validator wallets to enable efficient capital movement between off-chain and on-chain environments + +**Outcome:** + +- Institutional clients can enter, adjust, and exit Canton exposures using familiar funding and trading channels, reducing friction to adopt Canton-based assets + +--- + +#### Phase 3 – Yield Infrastructure + +Finoa will integrate Canton-native yield avenues into its custody platform, enabling institutional clients to earn on-chain yield on Canton Coin & Canton-issued assets while keeping assets under regulated custody. + +**Scope:** + +- Offer Tokino and other approved on-chain yield opportunities through Finoa’s custody platform +- Provide full lifecycle support for allocating, monitoring, and redeeming yield positions directly from custody +- Expand the yield menu to include additional yield-bearing Canton-native assets and structures +- Offer tCC liquid staking derivative (LSD) tokens representing claims on Canton Coin committed to Tokino +- Collaborate with tokenisation platforms and ecosystem partners to ensure safe custody and reporting of yield products + +**Outcome:** + +- Institutional clients gain access to curated on-chain yield options managed entirely within custody +- Yield positions integrate into institutional workflows including risk, collateral, and reporting processes + +--- + +#### Phase 4 – Distribution & Tokenised Product Access + +Finoa will act as a distribution partner for Canton-based tokenised products. -- An extraBeneficiary PartyID associated with the ‘escrowed’ Super Validator will be setup by the Foundation, or another SV node operator approved to provide SV rewards escrow services, with an SV Weight at the maximum earnable weight. -- The Applicant is responsible for coordinating the process of setting up the escrowed weights with the GSF and the operator of the SV node. -- The Applicant is responsible for all costs associated with the operation of the escrow SV. -- The escrow SV will NOT mint rewards on a block-by-block basis. -- All escrow SV rewards will go to the Unclaimed Rewards pool. -- ⅔ of the Super Validator Operators will update their configurations to allow the escrowing SV node to host the full weight to be earned by the given Super Validator. -- Applicant is required to present proof of successful completed milestones to the Tokenomics Working Group. -- Applicant must present a calculation for the number of Canton Coin it should earn for meeting milestone requirements. -- If the Tokenomics Working Group agrees the milestone has been met and approves the calculation, an announcement will be sent via the Tokenomics-Announce mailing list. -- The GSF will update the extraBeneficiary to an active PartyID controlled by that Super Validator. -- ⅔ of Super Validator Operators will then assign a portion of the Unclaimed Rewards to be minted by the Applicant’s Validator, based on the approved calculation. +**Scope:** -### Failure to Meet Milestones +- Establish direct distribution relationships with tokenisation platforms +- Onboard institutional investors using Finoa’s existing KYC, risk, and suitability processes +- Aggregate institutional demand and present signals to tokenisation platforms +- Facilitate primary subscriptions and settlement within custody accounts +- Support lifecycle events such as income distributions, redemptions, and reporting -If any milestones and associated rewards are not achieved by the deadline: +**Outcome:** -- Applicant will be notified they have not met a deliverable by the GSF. -- Remaining SV Weight assigned to the extraBeneficiary SV will be removed from the GSF node configuration, and the total SV weight of the GSF SV node will be reduced by the same amount by a vote of the Super Validators. -- The Tokenomics Working Group will make a recommendation to the SVs on what to do with the Unclaimed Rewards. +- Institutional capital is directed into Canton-native issuances +- Tokenisation platforms benefit from aggregated, qualified demand and end-to-end servicing -## Operational Expectations (non-exhaustive) +## Specification -- **SV operations:** Maintain reliable SV infrastructure in line with official guidance (Kubernetes deployment, DR, security hardening, monitoring). -- **Governance:** Participate in SV votes and network governance; publish milestone progress and artifacts (CIPs, repos, docs). -- **Security:** Follow KMS recommendations for participant keys and adopt SV security-hardening practices. -- **Transparency:** Provide quarterly milestone updates to the Accountability committee (and Tokenomics where applicable). +### Deliverables for Full SV Reward + +--- + +**Finoa Custody Support for Canton Token Standard** + +- Integrate custody support for Canton Token Standard assets +- Assets can be held, viewed, and managed through Finoa’s custody interface +- Integration passes security validation + +**Deadline:** +180 days from CIP approval +**Weight Earned:** 0.5 + +--- + +**Institutional Adoption Milestone** + +- Drive Canton adoption among Finoa’s institutional clients +- 3 institutional clients hold Canton Coin or Canton-issued assets under Finoa custody + +**Deadline:** +180 days from custody support going live +**Weight Earned:** 0.5 + +--- + +**Adoption Bonus** + +- All CC burn attributable to activity facilitated via Finoa custody is considered inelastic burn + +**Deadline:** +180 days from custody support going live +**Weight Earned:** +0.5 per $2m of inelastic burn +**Maximum:** +2 + +## SV Reward Mechanics + +- An extraBeneficiary PartyID associated with the escrowed SV will be set up by the GSF with maximum earnable weight +- Applicant coordinates escrow setup with GSF and SV operator +- Applicant bears all operational costs +- Escrow SV does not mint block-by-block rewards +- All rewards flow to the Unclaimed Rewards pool +- ⅔ of SV Operators update configs to allow GSF-hosted escrow weights + +- Applicant presents proof of milestones and CC calculations to the Tokenomics Working Group +- Upon approval, announcement is sent via Tokenomics-Announce +- GSF updates extraBeneficiary to Applicant-controlled PartyID +- ⅔ of SV Operators assign approved rewards from Unclaimed Rewards + +**Failure Conditions:** + +- Applicant notified of unmet deliverables +- Remaining escrowed weight removed by SV vote +- Tokenomics Working Group recommends disposition of Unclaimed Rewards + +Applicant is subject to **CIP-0045: SV Operating Requirements**. +If rewarded SV Weight exceeds 2.5, Applicant must operate its own SV within 6 months. ## Copyright +- This CIP is licensed under [CC0-1.0: Creative Commons CC0 1.0 Universal](https://creativecommons.org/publicdomain/zero/1.0/). + +## Changelog + +* **2026-01-20**: Initial draft of the proposal. -This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal. diff --git a/cip-0102/cip-0102.md b/cip-0102/cip-0102.md deleted file mode 100644 index ccc300c..0000000 --- a/cip-0102/cip-0102.md +++ /dev/null @@ -1,181 +0,0 @@ -# CIP-0102: Add Finoa as an SV of Weight 3 - - -Number: CIP-0102 -Title: Add Finoa as an SV of Weight 3 -Author(s): Christopher May, Henrik Gebbing, & Keith Flynn -Type: Governance -Status: Draft -Created: 2026-01-20 -License: CC0-1.0 - - -## Abstract - -Add Finoa as a Super Validator (SV) of Weight 3. - -## About the Applicant - -Finoa is a leading European Union digital asset infrastructure provider headquartered in Berlin, Germany. -Founded in 2018, Finoa delivers institutional-grade custody, staking, and network participation services to a global client base that includes banks, investment funds, asset managers, and Web3 foundations, and is backed by leading financial investors such as Balderton and Santander Bank (Mouro Capital). - -**Key Highlights:** - -- Serving high-profile institutional clients across the globe -- Supporting 100+ digital assets and operating over 10,000 deployed nodes -- Proven operational excellence in validator infrastructure, currently managing 10 active validators on the Canton Network, with 5 additional validator slots approved -- Developing two Canton Featured Apps, Tokino & Vala Wallet -- Recognized for secure, compliant, and transparent infrastructure, with a strong focus on operational reliability and institutional-grade risk management - -## Motivation - -### Finoa’s Role within the Canton Network - -Finoa is already an institutional infrastructure partner to the Canton Network, serving Tier-1 institutions such as Börse Stuttgart, Bank Frick, Tradias, Blockchain.com, and Centrifuge as a Node-as-a-Service (NaaS) operator. These institutions require a regulated custodian not only to hold the Canton Coin rewards generated via their validators, but also to custody and monetise the on-chain financial products they issue or distribute on Canton. - -In parallel, Finoa is in active discussions with tokenisation platforms issuing on Canton (such as SG Forge and Black Manta), as well as stablecoin issuers, to serve as a custody and infrastructure provider for them and their end-clients. Over time, Finoa’s goal is to expand its role from being an infrastructure provider to becoming a distribution and platform partner for Canton-based tokenised products—offering these instruments, and their associated financial use cases, directly to Finoa’s institutional customer base. - -To realise this strategy and deepen its impact on the Canton ecosystem as a Super Validator, Finoa commits to implementing the following phased roadmap. - -## Rationale - -### Roadmap Enabled by Super Validator Status - -#### Phase 1 – Custody Integration - -Finoa will expand its regulated institutional custody platform to fully support Canton-native assets and tokenised instruments, including stablecoins, issued on the Canton Network. - -**Scope:** - -- Add Canton Coin and assets issued under the Canton Token Standard as supported assets within Finoa’s custody platform so they can be held, serviced, and accounted for alongside clients’ existing digital asset portfolios -- Provide clients with full portfolio visibility and controls for their Canton positions—including balances, transaction history, and reconciliations—integrated into Finoa’s existing reporting and operations stack -- Act as the regulated safekeeping venue for tokenised instruments issued on Canton, including products from tokenisation platforms, giving their end-clients a compliant place to hold and manage these assets -- Implement custody workflows such as escrow arrangements, managed lock-up and vesting schedules, collateral pledging, and other secured holding structures for Canton-native and tokenised assets, enabling use cases like secured lending, repo, and structured products - -**Outcome:** - -- Tier-1 validator clients & institutional clients have a regulated, institutional-grade venue to hold Canton rewards and Canton-based tokenised assets -- Finoa will deepen partnerships with validator clients such as Börse Stuttgart, Bank Frick, and others by: - - Offering custody for Canton-based products originated by these validator clients to Finoa’s institutional clients - - Providing Finoa custody as an option for validator clients’ end-customers who wish to hold Canton-related products in a regulated environment -- Where Finoa provides custody for Canton-based tokenised products, these assets can be used in institutional workflows, including serving as collateral in financing structures (e.g. secured lending, repo, or other credit arrangements), subject to applicable risk and compliance frameworks - ---- - -#### Phase 2 – On/Off-Ramp Connectivity - -Finoa will link Canton-native assets and tokenised products to its broader funding and trading channels, making it straightforward for institutions to deploy and adjust capital in Canton-based exposures. - -**Scope:** - -- Work with Finoa’s existing payment partners so that institutional clients can fund and withdraw Canton Coin and selected Canton-linked stablecoins via supported fiat rails -- Connect to liquidity and brokerage partners to enable buying and selling of Canton-based tokenised assets, where permitted by regulation and demand -- Set up operational workflows that allow clients to subscribe, redeem, and rebalance positions in Canton-native and tokenised products held under Finoa’s custody -- Align movements between custody accounts, funding channels, and Canton validator wallets to enable efficient capital movement between off-chain and on-chain environments - -**Outcome:** - -- Institutional clients can enter, adjust, and exit Canton exposures using familiar funding and trading channels, reducing friction to adopt Canton-based assets - ---- - -#### Phase 3 – Yield Infrastructure - -Finoa will integrate Canton-native yield avenues into its custody platform, enabling institutional clients to earn on-chain yield on Canton Coin & Canton-issued assets while keeping assets under regulated custody. - -**Scope:** - -- Offer Tokino and other approved on-chain yield opportunities through Finoa’s custody platform -- Provide full lifecycle support for allocating, monitoring, and redeeming yield positions directly from custody -- Expand the yield menu to include additional yield-bearing Canton-native assets and structures -- Offer tCC liquid staking derivative (LSD) tokens representing claims on Canton Coin committed to Tokino -- Collaborate with tokenisation platforms and ecosystem partners to ensure safe custody and reporting of yield products - -**Outcome:** - -- Institutional clients gain access to curated on-chain yield options managed entirely within custody -- Yield positions integrate into institutional workflows including risk, collateral, and reporting processes - ---- - -#### Phase 4 – Distribution & Tokenised Product Access - -Finoa will act as a distribution partner for Canton-based tokenised products. - -**Scope:** - -- Establish direct distribution relationships with tokenisation platforms -- Onboard institutional investors using Finoa’s existing KYC, risk, and suitability processes -- Aggregate institutional demand and present signals to tokenisation platforms -- Facilitate primary subscriptions and settlement within custody accounts -- Support lifecycle events such as income distributions, redemptions, and reporting - -**Outcome:** - -- Institutional capital is directed into Canton-native issuances -- Tokenisation platforms benefit from aggregated, qualified demand and end-to-end servicing - -## Specification - -### Deliverables for Full SV Reward - ---- - -**Finoa Custody Support for Canton Token Standard** - -- Integrate custody support for Canton Token Standard assets -- Assets can be held, viewed, and managed through Finoa’s custody interface -- Integration passes security validation - -**Deadline:** +180 days from CIP approval -**Weight Earned:** 0.5 - ---- - -**Institutional Adoption Milestone** - -- Drive Canton adoption among Finoa’s institutional clients -- 3 institutional clients hold Canton Coin or Canton-issued assets under Finoa custody - -**Deadline:** +180 days from custody support going live -**Weight Earned:** 0.5 - ---- - -**Adoption Bonus** - -- All CC burn attributable to activity facilitated via Finoa custody is considered inelastic burn - -**Deadline:** +180 days from custody support going live -**Weight Earned:** +0.5 per $2m of inelastic burn -**Maximum:** +2 - -## SV Reward Mechanics - -- An extraBeneficiary PartyID associated with the escrowed SV will be set up by the GSF with maximum earnable weight -- Applicant coordinates escrow setup with GSF and SV operator -- Applicant bears all operational costs -- Escrow SV does not mint block-by-block rewards -- All rewards flow to the Unclaimed Rewards pool -- ⅔ of SV Operators update configs to allow GSF-hosted escrow weights - -- Applicant presents proof of milestones and CC calculations to the Tokenomics Working Group -- Upon approval, announcement is sent via Tokenomics-Announce -- GSF updates extraBeneficiary to Applicant-controlled PartyID -- ⅔ of SV Operators assign approved rewards from Unclaimed Rewards - -**Failure Conditions:** - -- Applicant notified of unmet deliverables -- Remaining escrowed weight removed by SV vote -- Tokenomics Working Group recommends disposition of Unclaimed Rewards - -Applicant is subject to **CIP-0045: SV Operating Requirements**. -If rewarded SV Weight exceeds 2.5, Applicant must operate its own SV within 6 months. - -## Copyright - -This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal. - - -