A toolkit for launching and running funds on Canton.
ETP Foundry lets a fund company launch and run a tokenised fund (an ETP) on the Canton Network without building the plumbing. We create and redeem shares, calculate the daily value and keep the record. The fund’s own parties sign. We never do.
Launching a fund should take days, not months.
Institutions already hold tokenised assets on Canton. But turning them into a fund means building everything from scratch: holding the basket, creating and redeeming shares, valuing the fund every day and keeping the records. So almost no funds exist there. We build that part once, so a sponsor can start from a template.
Three things, run on the ledger.
Set up the fund
Pick the assets and how much of each goes into one share. Configuration, not new code.
Create and redeem shares
A market maker swaps the basket for shares in one transaction. Both sides happen or neither does.
Value it every day
We calculate the value of one share. The fund’s parties sign it on the ledger, or refuse. Fund committees.
The full comparison with a traditional ETF is on How it works.
Stated plainly.
Not a price feed
Prices come from Chainlink, Kaiko and other providers. We use them.
Not the sponsor
The sponsor is the company whose name is on the fund.
Not an exchange
We do not run a market or earn trading fees.
Not a custodian
We hold nobody’s assets. The fund’s own party holds them on the ledger.
Not authorised or registered
Not with any regulator, anywhere. Where a fund needs a licensed firm, that firm keeps its role. See Regulatory.
Not live with real money
We run on Canton DevNet, a test network, on our own validator approved by the Canton Foundation, since 24 Sep 2026. No outside party holds a seat yet, and the code has not been independently audited.
Built by one person, so far.
ETP Foundry started at HackCanton Season 2 under the name CrossDesk, where it won the DeFi / Financial Applications Track after the Grand Final on 5 August 2026. ETP Foundry is operated by Lucilla, Inc., a Canadian corporation based in Toronto. The code is proprietary; counterparties and auditors can review it under NDA — request access.