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