Farrukh Raza

Building Oblivion | Canton

[Farrukh Raza @RealFarrukh]

T-15 days to @arc mainnet.
#Circle

[Farrukh Raza @RealFarrukh]

every time it's time to sell my crypto in +ve

[CoinMamba @coinmamba]

It’s been so long, I forgot crypto can actually pump..

[Farrukh Raza @RealFarrukh]

@Cointelegraph Noticed how there's no mention of Canton anywhere? Somehow everyone forgot about the "Blockchain of Wallstreet".

[Cointelegraph @Cointelegraph]

🇺🇸 BIG: The White House is expected to host crypto and prediction market executives, including Coinbase, a16z, Ripple, Chainlink and Kalshi, on Wednesday.

[Farrukh Raza @RealFarrukh]

3/3
Repos went public two day ago. canton-contracts currently holds AccessControl, Ownable, Pausable — experimental, unaudited, no releases.

Same place OpenZeppelin started on Ethereum. Writing the library was never the risk.
https://t.co/ZVJx1jJgrM

[Farrukh Raza @RealFarrukh]

1/3
The @CantonFdn approved 28,378,378 CC for @OpenZeppelin's Daml library back in May. About ~$4.2M at $0.148 (30-day avg CC/USD, per the proposal's own pricing) , over 24 months.

40% of the year-one payment is weighted on adoption, not delivery.

[Farrukh Raza @RealFarrukh]

2/3
The year-one adoption bar: 3 independent Canton projects integrating a library component, and 1 reference implementation forked by an outside team.

Three projects. That's what they put 40% of a payment against.

[Farrukh Raza @RealFarrukh]

MUFG isn't tokenizing the JGBs here, which is worth noting.
The bonds stay inside Japan's existing book-entry transfer system, and Canton just synchronizes the account register with the blockchain, while the cash leg separately explores tokenized deposits or stablecoins.
That's a lower-risk on-ramp than full tokenization, probably why an FSA pilot picked it first.
#Canton

[Canton Network @CantonNetwork]

https://t.co/4T3VOlxYmL

[The ₿itcoin Therapist @TheBTCTherapist]

“So you lost everything during FTX?”

“Yes.”

“Then you bought a hardware wallet because exchanges can’t be trusted.”

“That is correct.”

“Then your bitcoin wallet got hacked because the entropy was too weak.”

“Yup.”

“Then you switched companies and they also got hacked and lost your data?”

“Yes, Dave.”

“But you’re still buying bitcoin?”

“Yeah.”

[Tether @tether]

Tether Completes the Largest Inaugural Financial Audit in History

Read more:

https://t.co/vWG0fFSUxH

[Coin Bureau @coinbureau]

🚨BREAKING: Tether passes its FIRST ever audit, with KPMG confirming reserves beat liabilities by $6.8 BILLION.

The Big Four firm issued an unqualified opinion on Tether's 2025 financials, the cleanest result an auditor can give.

Under the audit:

- The audit was completed under US GAAP and PCAOB standards, the same rules governing public company audits.

- KPMG physically counted and inspected every individual gold bar Tether hold.

- The full balance sheet was examined, covering the reserves backing $184 BILLION in USDT used by 650 MILLION people.

- The opinion was issued with no reservations, exceptions, or caveats.

Tether calls it the largest first ever audit in history, four years after Tether was fined $41 MILLION for misleading claims about its backing.

[Farrukh Raza @RealFarrukh]

The piece says banks run on Canton "instead of a private, closed-off ledger," but the mechanism it describes one paragraph up says the opposite. JPMorgan keeps its own ledger sovereign, Goldman keeps theirs.
Canton didn't replace the private ledgers, it let them settle atomically without merging them, which is the harder problem and the actual reason this got adopted. The network-of-networks framing in the headline is the story — the body keeps sliding back into "shared blockchain."

[Farrukh Raza @RealFarrukh]

3/3
Reads like an API detail. Lock the capital now, decide the counterparty later, is how a matching engine works.

Under V1 you could express a bilateral trade you'd already agreed and not much else.

[Farrukh Raza @RealFarrukh]

1/3
A dev on the Canton forum hit this last week. The Token Standard's Allocation API made him name the receiver before committing the funds. His product is escrow — nobody knows the receiver until someone claims.

[Farrukh Raza @RealFarrukh]

2/3
Answer: CIP-0112, Token Standard V2, shipped in Splice 0.6.11. Create an allocation with no transfer legs, executor fills in the actual transfer after the fact.

[Farrukh Raza @RealFarrukh]

@VaibhavSpark But you did still use claude somewhere while building this, right?

[Farrukh Raza @RealFarrukh]

Franklin Trempleton (@FTI_US) approved as a Canton SV: June 10.

Press release: August 4.

The whole thing sat in a public GitHub repo for two months.

canton-foundation/cips

Nobody reads it.
#Canton #CIP

[Farrukh Raza @RealFarrukh]

Good read
https://t.co/fl626T9oWi

[Farrukh Raza @RealFarrukh]

This.
There are two ways to look at Canton right now. You can either see it as the big players controlling you — and call it 'centralized' — or you can see it as you having more control over the decisions the big players make
Great talk @TrenchWeb3

[Canton Network @CantonNetwork]

Sub-transaction privacy, deterministic finality, and conditionally executable contracts.

Canton's infrastructure took 12 years to build and the network effects compound as institutions bring counterparties with them.

@TrenchWeb3 explains.