Yuval Rooz
@YuvalRooz
Co-Founder & CEO @ Digital Asset. All opinions are mine! @CantonNetwork
899 Following 14.1K Followers
I backed @fairmint because I believed the future of equity would be onchain.
Today, that vision is becoming reality. Real shares, real ownership, 24/7 markets.
Congratulations to the @Fairmint team! The future of capital markets is being built! 🚀
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.@Uber completed a first-ever pilot of an onchain liquidity and settlement solution on Canton, a public network.
Working with @HSBC, @FranklnTempletn, @Tradeweb and @FireblocksHQ, Uber liquidated part of its holdings, even on a weekend, while earning yield until disbursement.
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ZKP-based verifiability is coming to @CantonNetwork soon!
Congrats @ligero_inc whose grant proposal was approved yesterday by @CantonFdn, as part of the Foundation's RFP-11 (Public Verifiability)
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Massive. Uber + Canton
Let me explain why this matters. Every company has "operating cashflow" as part of their regular business operations. As a result of the friction of money, that number is usually significantly higher than it should be. It also gets bigger ahead of the the off hours to allow the company to drive operations during those hours.
If you can move from cash to yield products in realtime 24/7, it means you can squeeze much more yield from your balance sheet.
The magic is for a real company to do this with privacy as public companies don't want the whole world to see their treasury activity.
@Uber is as complex as it gets from a size and complexity. I'm very excited to be their partner on this and excited to see how we scale this with them and with other companies as well.
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Another case of multiple databases with composability and privacy driving a lot of value:
Another case of multiple databases with composability and privacy driving a lot of value:
Visa joined Canton Network as a Super Validator.
Named on Visa's Q4 earnings call alongside Tempo and Circle's Arc as part of their onchain network strategy.
Institutional-grade governance infrastructure, in production.
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When you have an honest discussion, it looks like this. You should learn from it.
Oh, and there is a good question in the comments on BUIDL. Would be good to get your academic honest reply.
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While I'm all for improving the way CSD-based assets can be owned elsewhere, this announcement by DTCC is misleading. Given their choice of permissioned Besu or permissioned Canton, these assets are TINO: They are Tokens in Name Only.
Permissioned networks offer none of of the benefits or protections of an actual blockchain. Their use of consensus and cryptography is mostly performative. To see the technical reasons why, you can read my paper linked below.
The DTCC is of course free to use whatever database format that it wants. But conflating these assets with actual tokens is both misleading and dangerous.
A permissioned network offers none of the robustness or investor protections of an actual blockchain. It is at best an unregulated clearinghouse, and history has taught such infrastructure is dangerous.
You can either be regulated by code and cryptography, or you can be regulated by rules and regulations. Best pick one and stick to it.
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Interesting. Very interesting.
🚨CANTON STRATEGIC BECOMES FIRST PUBLIC COMPANY TO TOKENIZE ITS STOCK UNDER SEC INNOVATION EXEMPTION!
@CantonStrategic, a public company focused on the @CantonNetwork, just announced it will make its common stock available for tokenized trading under the SEC’s Innovation Exemption.
It is the first publicly traded company to do so under the new framework, working with TSV and Fairmint to bring its equity onchain on the Canton Network.
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important component to make @CantonNetwork the best public network with privacy & verifiability!
ZKP-based verifiability is coming to @CantonNetwork soon!
Congrats @ligero_inc whose grant proposal was approved yesterday by @CantonFdn, as part of the Foundation's RFP-11 (Public Verifiability)
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Seems like a great conference.
🌋 BREAKING: At Ripple Swell, CME Group CEO Terry Duffy says the world's leading derivatives marketplace intends to participate in Canton Network.
"The banks seem to like the Canton network, so we will participate in that as well."
Asked about stablecoins, tokenized deposits, and tokenized money market funds as collateral, Duffy outlined CME's plans:
• Tokenized cash with Google.
• A CME-issued stablecoin on decentralized infrastructure, potentially Canton.
• Willingness to accept JPMorgan-issued tokens as collateral.
For context, CME Group:
• Reports approximately $311 billion in average customer collateral balances.
• Processes over $1.1 trillion in average daily trading notional through BrokerTec.
$CC $XRP $RLUSD
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We're bringing the first tokenized stocks to the Canton Network. Actually, to any network. Today we're announcing that tokenized $CNTN will be available via TSV LLC on the @tradecraftfi protocol.
Wouldn't have been possible without @fairmint and @CantonStrategic working together with us to find a way to do tokenization the right way. Thank you to the @CantonNetwork and community that has built such an amazing foundation for the future of finance.
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You've got questions about burn. Shaul Kfir and Naperian_e have answers.
Nov 3, 2pm ET, on X Spaces. Set a reminder, bring your toughest question, and we'll take as many as we can.
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New date for our Universal Burn X Space.
Join @DigitalAsset’s @ShaulKfir and @FiveNorthHQ’s @Naperian_e, the authors of CIP-0129, for a live X Space on what’s changing and what it means for @CantonNetwork, moderated by @Viv_Diwakar.
We’ve moved it to allow a longer session with more time for community Q&A.
Nov 3 | 2:00 PM ET | 19:00 UTC
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No official Canton airdrop exists right now.
Check official channels. Don't click claim links. Don't share your seed phrase.
Stay safe out there.
Expect a reward program for research/contributors very soon.
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DTCC's Tokenization Service is live on Canton.
34 securities at launch: large-cap stocks, ETFs and US Treasuries, from a pool of about $30T.
What it means: real securities, real settlement rails.
canton-network:native
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Sounds like SWELL has a Canton problem $CC
.@The_DTCC’s Tokenization Service is going live on @CantonNetwork today.
→ 25 securities at launch: Russell 1000 stocks, ETFs and US Treasuries
→ Drawn from a ~$30T eligible asset base
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🔥 JUST IN: $114T+ custodian DTCC launches its tokenization service with 34 securities available at launch, initially supporting Canton Network and Besu.
Temple Digital Group is proud to collaborate with @The_DTCC on the launch of the DTCC Tokenization Service.
This is a significant milestone for our industry as it adopts new capital markets technologies.
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