CIP-TBD: Marex Super Validator Weight 10
Number: CIP-XXXX
Title: Marex Super Validator Weight 10
Author(s): Christiana Chong
Type: Governance
Status: Proposed
Created: 2026-09-14
License: CC0-1.0
1. Summary
This CIP proposes granting Marex participation as a Super Validator (SV) with a maximum Weight of 10.
Given Marex's position as a global financial services platform and its capabilities across execution, clearing, financing, collateral management, and prime services, Marex's participation is expected to advance institutional adoption of the Canton Network, support the development of regulated capital-markets use cases, and contribute meaningfully to network governance and growth.
This CIP establishes an umbrella, milestone-based program through which Marex can earn SV Weight of up to 10 by delivering initiatives that materially advance the Canton ecosystem.
This program contains confidential commitments to the ecosystem. Those commitments and milestones have been agreed with the Tokenomics Committee and SVAC and will be made available to the public when appropriate.
Total Earnable Weight: 10 (maximum)
Accrual Destination: Escrow, consistent with existing SV escrow mechanics
Confidentiality: The applicable governance bodies will review the milestones and inform the Super Validators when they have been met
2. Motivation
Marex is a global financial services platform providing execution, clearing, financing, prime services, collateral management, and institutional client services across financial and commodity markets.
Marex's participation as a Super Validator is expected to support the expansion of regulated financial activity on Canton and strengthen the connection between traditional capital markets infrastructure and on-chain financial markets.
Through the proposed program, Marex intends to advance regulated customer access, institutional settlement, collateral mobility, and other production capital-markets activity on Canton.
Marex's combination of broker-dealer, clearing, financing, and collateral capabilities positions it to contribute to institutional use cases that can increase real-world activity on the network and establish reusable models for regulated financial institutions and their customers.
3. Deliverables & Milestones
The specific deliverables, milestones, deadlines, verification requirements, and associated Weight allocations for Marex have been agreed privately with the Tokenomics Committee and SVAC.
The milestone program includes initiatives intended to advance regulated customer access, institutional settlement, collateral integration, production network activity, and broader adoption of Canton within regulated financial markets.
Milestone Review Process: The applicable governance bodies will confirm whether Marex has successfully met each milestone.
Reward Mechanism: Upon confirmation and completion of the applicable governance process, rewards associated with achieved milestones will be released from escrow and the corresponding SV Weight may be assigned on a go-forward basis.
Confidentiality: Marex's specific commitments, milestones, timelines, regulatory materials, supervisory materials, and commercial details will remain confidential until the Canton Foundation and Marex determine that disclosure is appropriate.
4. SV Mechanics
An extraBeneficiary PartyID associated with the escrowed Super Validator will be established by the Canton Foundation, or by another SV node operator approved to provide SV rewards escrow services, with SV Weight equal to the maximum earnable Weight.
The Applicant is responsible for coordinating with the Canton Foundation and the operator of the SV node to establish the escrow arrangement.
The Applicant is responsible for all costs associated with operating the representative SV.
The representative SV will not mint rewards on a block-by-block basis.
All representative SV rewards will accrue to the Unclaimed Rewards pool.
Two-thirds of the Super Validator Operators will update their configurations to allow the escrowing SV node to host the full Weight available under this CIP.
The Applicant is required to present proof of successfully completed milestones to the Tokenomics Working Group.
The Applicant must also present a calculation of the amount of Canton Coin it should receive for satisfying each milestone.
If the Tokenomics Working Group agrees that a milestone has been met and approves the calculation:
An announcement will be sent through the Tokenomics-Announce mailing list.
Two-thirds of the Super Validator Operators will assign the approved portion of the Unclaimed Rewards to be minted by the Applicant's Validator.
Two-thirds of the Super Validator Operators will update their configurations to allow the Applicant to assume the corresponding portion of SV Weight on a go-forward basis.
If a milestone and its associated rewards are not achieved by the applicable deadline:
The Canton Foundation will notify the Applicant that the deliverable has not been met.
The remaining SV Weight associated with the unmet milestone will be removed from the applicable SV operator configurations.
The Tokenomics Working Group will make a recommendation to the Super Validators regarding the disposition of the related Unclaimed Rewards.
The Applicant is subject to CIP-0045, Super Validator Operating Requirements.
If the Applicant has been awarded SV Weight greater than 2.5, it must operate its own Super Validator within six months after crossing that threshold.
The Applicant's SV will join the network with Weight 0 and may assume additional Weight as the milestones under this CIP are completed and approved.
Copyright
This CIP is licensed under CC0-1.0: Creative Commons CC0 1.0 Universal.
Changelog
2026-09-14: Initial draft published