// 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.
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/cashenLive: more than 335 million CC is in active deals across about 70 apps, self-reported and not verified independently, in a 28 September 2026 article.
cashen.cc/insights/the-most-expensive-idle-capital-on-canton, 28 Sep 2026Cashen operates an operational mainnet validator.
Built In job listing, Cashen (Ergonia)Cashen is a member of the Canton Foundation.
cashen.ccLegal entity: Cashen Labs, Inc. Named CEO: Luke Farrell.
Fairmint CC Builders Forum; cctools.network/ecosystem/cashenBacked by Ergonia, a Cumberland/DRW company, with custody support from BitGo. Ergonia's CEO, Tama Churchouse, is named publicly.
cashen.cc; cctools.network; Ergonia// the 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.
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 would move it
Catalysts.
Each one names what I am watching and what would prove me wrong.
Independent audit or regulatory registration is the only substance item that scores zero. The project describes itself as a ministerial agent that never holds assets or takes principal risk, which this page already records as relevant context but not a substitute for an audit.
The Delegated Lock Marketplace is live. More than 335 million CC is in active deals across about 70 apps, self-reported and not verified independently, in a 28 September 2026 article. No independent check of those figures was found in this pass.
Placement records token intent as 0: no statement found. The page already records that no public statement was found on whether Cashen plans any future token of its own, and that saying none is itself useful.
// what I could not verify
Gaps.
These are findings, not omissions. I looked and state what I found.
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.
Token intent. No public statement found on whether Cashen plans any future token of its own.
Independent volume verification. More than 335 million CC in active deals across about 70 apps is self-reported, in a 28 September 2026 article, and not verified independently. No independent check of those figures 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.
Audit or registration status
Any independent security review or regulatory registration, published or in progress.
Token intent
Plans, if any, for a future asset. If none, saying so plainly is itself useful.
Volume methodology
How the more than 335 million CC and about 70 app figures are calculated, and whether they update live.
Position disclosure. I hold $CC and $CNTN. This page covers a Canton-native project, which triggers disclosure under my map. Cashen itself is not a holding of mine, and no position of mine changes what appears above.
// corrections
Correction log.
No corrections recorded. First published 27 July 2026.