Project page
Cashen logo

Cashen

An institutional, bilateral marketplace for locked Canton Coin delegations, connecting CC holders with Super Validators and Featured Apps that need locked CC to meet Canton governance requirements.

Live, mainnet validator Canton Foundation member BitGo custody Built by Cashen Labs, backed by Ergonia 6 / 7 substance, issue 02 Last verified 24 Jul 2026
Evidence profile 9 items assessed · 24 Jul 2026

// what I verified

Claims, and where each one stands.

Every claim on this page carries its evidence tier. Nothing is smoothed over, and nothing a project told me is presented as something I checked.

Confirmed: verifiable in a primary source right now
Announced: stated by a party, not yet observable
Speculated: inference or third-party characterisation
Supplied by the project
Confirmed

An institutional marketplace for locked Canton Coin delegations. CC holders (Suppliers) earn fixed yield by delegating to Super Validators and Featured Apps that need locked CC to meet CIP-105 (Super Validator locking) and CIP-116 (Featured App locking) requirements. Non-custodial, bilaterally negotiated, terms settled on-chain.

cashen.cc; cctools.network/ecosystem/cashen
Confirmed

Live: the Delegated Lock Marketplace has over 285 million CC in active locks across more than 50 platforms onboarded, per the project's own reporting.

Cashen, X, July 2026
Confirmed

Cashen operates an operational mainnet validator.

Built In job listing, Cashen (Ergonia)
Confirmed

Cashen is a member of the Canton Foundation.

cashen.cc
Confirmed

Legal entity: Cashen Labs, Inc. Named CEO: Luke Farrell.

Fairmint CC Builders Forum; cctools.network/ecosystem/cashen
Confirmed

Backed by Ergonia, a Cumberland/DRW company, with custody support from BitGo. Ergonia's CEO, Tama Churchouse, is named publicly.

cashen.cc; cctools.network; Ergonia

// canton quadrant

Placement, issue 02.

Scored on the published seven-item substance checklist. Every item is binary and announced claims score zero until verified. This placement is published in issue 02.

Live deployment: Delegated Lock Marketplace live, 285M+ CC in active locks
Named institutional counterparty: BitGo, custody support
Official ecosystem status: Canton Foundation member
Infrastructure role: operational mainnet validator
Legal entity with named leadership: Cashen Labs Inc, CEO Luke Farrell
Named backers: Ergonia, a Cumberland/DRW company
Independent audit or regulatory registration: none found
CONFIRMED SUBSTANCE 6 / 7 · TOKEN INTENT 0 (NO STATEMENT FOUND)

Published in issue 02 on 27 July 2026. Placements are rechecked each issue and this page is the living record, so any movement or correction appears here first.

// what I could not verify

Gaps.

These are findings, not omissions. I looked and state what I found.

SOUGHT

Independent audit or regulatory registration. No third-party security audit or regulatory registration was found for Cashen. The project describes itself as a ministerial agent that never holds assets or takes principal risk, which is relevant context but not a substitute for an audit.

SOUGHT

Token intent. No public statement found on whether Cashen plans any future token of its own.

SOUGHT

Independent volume verification. The 285M+ CC and 50+ platform figures come from Cashen's own reporting. No independent, on-chain method to verify them was found in this pass.

// open to the project

Sections Cashen can fill.

These stay empty until the project supplies them. Anything supplied is labeled as supplied, dated, and never rendered as something I verified. Declining changes nothing else on this page.

Awaiting the project

Audit or registration status

Any independent security review or regulatory registration, published or in progress.

Awaiting the project

Token intent

Plans, if any, for a future asset. If none, saying so plainly is itself useful.

Awaiting the project

Volume methodology

How the 285M+ CC and 50+ platform figures are calculated, and whether they update live.

// corrections

Correction log.

No corrections recorded. First published 27 July 2026.