The Canton Foundation, the organization that promotes the development and implementation of the Canton Network, has confirmed the approval of amendment CIP-0097, which will allow Nasdaq to participate as a Super Validator (SV) on its chain.
Canton is a network designed for the issuance and management of tokenized financial assets, aimed at institutional use cases and integration with traditional financial system infrastructure.
With the approval of CIP-0097 on January 5th, Nasdaq is now a validator with advanced capabilities Within the protocol, a scheme combines financial incentives, governance, and management through verified milestones.
A new crossover between traditional finance and cryptocurrency technology
The new role of US financial institutions in the Canton Network sets a precedent in the convergence of traditional finance (TradFi) and crypto network technology.
For networks like Canton, this model aims to shorten payment cycles by allowing tokenized assets. Collateral and obligations Move between institutions in a programmable manner in near real time. It approaches what you would see in a fiat money transfer model.
In this context, Nasdaq’s role as super validator strengthens the interoperability and institutional trust necessary for this type of flow.
What does Nasdaq’s role as a super validator mean?
In the Canton Network, the Super Validator (SV) diagram responds to a different validation model than the public network.
This is not a general validator or just a symbolic role, but rather an operator with the following functionality: Strengthened attribution in protocol consensus, governance, and economics.
Unlike networks like Ethereum, where validation relies on token staking, Canton Scheme based on roles and weights assigned by governance.
In this framework, super validators validate blocks and transactions like any other node, but to do this Weights are differentiated within the protocol consensus, amplifying influence within the system.
Its additional capabilities are expressed through the so-called SV Weight (Super Validator Weight). This is an internal unit of the protocol that defines three main dimensions:
- Effective participation of validators in the block validation process.
- Ability to influence governance decisions.
- The percentage of rewards that can be desired within the economic system of the network.
Approval of CIP-0097 gives Nasdaq access to a maximum SV weight of 10, but that weight will not be granted immediately or automatically.
Unlike the classic staking model, Nasdaq does not “lock” tokens for power. Gradually gaining weightbased on the fulfillment of a series of technical and strategic milestones previously agreed with the Canton Foundation.
Although these milestones have not been verified, the potential weight assigned to Nasdaq remains in escrow (escrow). During that period, the associated rewards are not generated or distributed block by block; Accumulate in a pool of unclaimed rewards.
Only if the Canton Foundation Accountability Committee confirms that the milestone has been achieved. The corresponding weight will be activated and the reward can be released.
Finally, the scheme also imposes operational obligations. If Nasdaq exceeds an SV weight of 2.5, it will be required to launch its own super validator node within a maximum of 6 months.
The node initially enters the network with zero weight, and its influence increases as new milestones are verified and additional SV weight units are released.
(Tag Translation) Blockchain