Canton Pulse

Real-time updates from across the Canton ecosystem

via @zenithfdn
Moving a DeFi protocol to @CantonNetwork takes more than translating its code from Solidity to Daml. Protocols that rely on a global state have to be rethought for a network built around privacy. Zenith Head of Ecosystem @GArentoft explains the problem in a new episode of Tokenization Talks with @haumicharts, and why Zenith takes a different route: Solidity applications deployed on an EVM environment inside Canton’s consensus, where they can interact with Canton-native assets. Chapters worth jumping to: > 06:25 How Zenith connects Ethereum applications to Canton > 10:42 Daml, privacy and the developer challenge > 15:10 Canton super validators and governance > 20:33 Can Canton build a retail ecosystem? Listen now on ↓ YouTube: Spotify: Apple Podcasts: Zth.
via @CantonNetwork
This past weekend, Yuval Rooz laid out what Canton's next steps look like. It starts with stocks moving onchain, and each step builds on the last. 1. Real equities are coming onchain three ways. TSV trades under the SEC's Innovation Exemption. Transfer agents bring issuer-led tokenization. DTCC needs no issuer consent and is cleared for the top 1,000 U.S. equities. 2. Once stocks trade onchain, market structure decides who pays. Yuval's upcoming paper, "Front running is not payment for order flow," puts the cost of MEV and sandwich attacks above $1B. Canton has no public mempool to front-run. 3. Corporates follow, one treasurer at a time. Uber's treasury move on Canton started with one team seeing better economics. 4. From there, the asset list widens. In his words, next up is multiple players joining repo this year, uncleared derivatives and more private assets.