Is Canton a Real Blockchain? | Canton Founder Yuval Rooz

The second you have the world real world, unfortunately, you open yourself to censorship resistance by the issuer. Doesn't matter that you put it on a decentralized infrastructure. And Ryan, David, do you guys use stablecoins? Yeah, of course. You do? Cool. Okay. Well, the issuers of those stablecoins pretty confident having the smart contract, a feature that allows them either to freeze your stablecoins or to, in some cases, even burn them out of your wallet. So what does it matter that it runs on permissionless infrastructure? I mean, there are reasons why it's good that it runs on permissionless infrastructure, but you're not getting what Vitalik is putting in his post. Bankless Nation, we are here with Yuval Roos. He is the cofounder of Digital Asset, which is the parent company behind the Canton Network, which is a subject that we've got some questions about today here on the show. Yuval, welcome to Bankless. Yeah. Great to be here. I think my my first question and I think you probably watched me react to this when Ryan was telling me about the Canton network on the weekly roll up. That was the first time that Canton had ever been invoked on the show. Where did Canton come from? Because all of a sudden, there is a multibillion dollar network on the scene with some pretty impressive BD partnerships. And I had no idea. So where where did Canton come from? Yeah. So first of all, thank you again for for having me. I'm I'm really excited and and, you know, funny story, I was driving in Canada in the snow while listening to your end of year recap. And there was I have to say, it it it meant to be because there was one point where you were talking about stocks. Mhmm. And then you said, well, in in beginning of the year, we're gonna talk. And just before you said that, I was about to pause, stop the car, and take a note to talk to you guys about that, and then you said, oh, we're gonna be talking to you also. I was like, that's perfect timing. But we're not we're not the parent company of Canton, but we'll we'll talk about that in more detail. But long story short, you know, I started my career at Citadel then moved to DRW Trading, which owns Cumberland Mining. And I was fortunate enough to help start their venture team at around 2012. And my cofounder Eric helped start Cumberland at DRW and we started looking into the space very early on and, you know, we had a thesis very early on that everything will move on chain. And, you know, I think that to us, what it meant is that in order to move everything on chain, you need to solve for privacy. And this is already at around 02/1516. The reality, and this is our view and, you know, time will tell if we took …