// 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.
Send is listed as a validator and Canton Foundation member on the official Canton ecosystem directory, and is described elsewhere as serving over 30 percent of the network's users, making it the dominant Canton wallet by that measure.
canton.network/ecosystem/send; Frax Finance partnership announcementSend created CUSD, a USD-pegged stablecoin on Canton. CUSD is issued by Brale, a regulated money services business, backed 1:1 by USD-denominated reserves managed through Brale, with Frax Finance's frxUSD providing the yield-bearing backing. Treasury yield is directed to CC buybacks.
send.it; info.send.it/docs/cusd-stablecoin/overviewLegal entities are named on Send's own disclosures: Send, Inc. and Send Foundation, both referenced as the non-issuers of CUSD to distinguish them from Brale, the actual issuer. Send Holdings N.A. holds the SEND, SEND APP, and SEND IT trademarks. A Delaware corporate address for Send, Inc. is listed publicly.
send.it; App Store listing; USPTO trademark filingsSend operates a validator on the Canton Network.
canton.network/ecosystem/sendCUSD's buyback mechanic directs 100 percent of treasury yield to CC purchases after Brale's management fee, which the project frames as direct CC value accrual. Whether this counts as Send's own token intent, given CUSD is issued by a third party (Brale) rather than Send itself, is the same category of question raised by Alpend's ONE asset in Quadrant issue 01. Not treated as confirmed intent here.
info.send.it/docs/cusd-stablecoin/overview// canton quadrant
Reviewed, not charted, issue 02.
Scored on the published seven-item substance checklist. Every item is binary and announced claims score zero until verified. Reviewed for issue 02 and not charted. A live token places Send at intent tier 4, outside Quadrant scope, which covers pre-token projects only. The substance assessment is retained as a record.
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.
Named leadership. Send, Inc. and Send Foundation are named legal entities, but no founder, CEO, or executive is named in any source checked. The substance rubric requires both an identified entity and named leadership; only the entity half clears.
Named backers. No investor or backer is named anywhere public.
Independent audit or regulatory registration. No third-party security audit of Send's own infrastructure was found. CUSD's backing sits with Brale, a regulated MSB, but that is Brale's registration, not Send's.
// open to the project
Sections Send 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.
Leadership
Who is named as founder or leading the company day to day.
Backers
Named investors or partners, if any exist.
Audit or registration status
Any independent security review of Send's own infrastructure, published or in progress.
CUSD intent clarification
Whether the CC buyback mechanic is framed as Send's own token intent or purely a Brale/Frax design choice.
// corrections
Correction log.
27 July 2026. The draft placement recorded token intent as unresolved pending the CUSD ownership question. That framing examined the wrong asset. $SEND is a live, tradeable ERC-20 token on Base, bridgeable to Canton, per Send's own token page, so Send sits at intent tier 4 and is out of Canton Quadrant scope, which covers pre-token projects only. CUSD itself is not token intent under the Quadrant's asset test: it is issued by Brale, not by Send entities, with reserve yield directed to CC buybacks. The substance assessment on this page stands. Drafted 24 July 2026, corrected before publication, published 27 July 2026.