What works today, what we are building, and what we want to open up.
ETP Foundry is a toolkit for creating and running tokenized funds on Canton. We calculate and propose; the fund’s own parties sign. This page says plainly where each piece stands.
Working today, and building now.
Open standards for Canton.
Two pieces of this work are useful to everyone on Canton, not only to us. We want to build them in the open, under the Canton Development Fund’s published requests for proposals.
Public verifiability RFP 11
The problem: Canton keeps transactions private, so today a fund’s value and backing are only the fund’s own word.
- Ledger templates for the custodian, the token issuer and the administrator to confirm holdings, reserves and the daily value, each with its own key
- A checker kit each of those parties runs on its own systems
- A signed public summary of the fund’s numbers, with no individual transactions disclosed
- A reader any Canton app can use to see who signed
Who it helps: lenders, venues, wallets and token issuers that need numbers they can rely on.
Real-world asset standards RFP 12
The problem: there is no standard way to create, redeem, pledge and service a fund share on Canton, so every app would build its own.
- A standard profile for fund shares as Canton tokens
- Creation and redemption, in cash or in kind, in one transaction
- Pledging fund shares as collateral: valuation, margin, release, and what happens on default
- Servicing: daily value, corrections, pauses, basket changes and compliance actions, for any issuer
Who it helps: fund sponsors, holders, lenders and repo desks, and the wallets and venues that serve them.
Status: Proposals in preparation for the Canton Development Fund. Not yet submitted. We are looking for a Champion.
Fund shares you can use as collateral, at any hour.
A fund sponsor adds a Canton share class to a fund it already runs. The fund’s assets can stay with its custodian; only the shares and the cash move on Canton. Institutions that hold the shares can then pledge them, lend them or use them in repo with any Canton counterparty, settled instantly, 24/7, against a value the fund’s own parties have signed. It works for crypto baskets, treasuries and money-market funds alike.
Interested in championing or using this?
Tell us who you are and what you want to do. A person reads every request.
Or email hello@etpfoundry.com.
Canton DevNet only. ETP Foundry is not authorised or registered with any regulator, and nothing here is an offer of any financial product.