Cancore AMA Summary & Review I attended the @cancore_io AMA, held late at night due to the time difference with Pakistan. Although the community is still new, the questions were surprisingly specific, and the project felt more like infrastructure than a service. Founder Wasif presented directly, and he mentioned that the co-founder is Alexi. ==================== Project Overview Cancore can be understood as a settlement infrastructure operating on the Canton Network. Wasif’s Background: - Former CEO and Operations Lead at Block Apex Labs - Conducted over 125 web3 security audits - Protected approximately $3.2 billion in assets - Now fully dedicated to Cancore There were two primary reasons for creating Cancore: 1. Institutional liquidity exists, but there’s nowhere to put it Wasif repeatedly emphasized the problem that institutional capital is trapped and unable to flow into public blockchains. Cancore aims to serve as the bridge connecting large institutions with public blockchains. 2. Security is built into the structure, not added as a feature He explained that one major reason for frequent hacks is the presence of intermediaries holding assets during cross-chain transfers. Cancore eliminates this intermediate custody step entirely, implementing atomic settlement—funds move only when both sides meet predefined conditions. The core concept is to remove any phase where assets are temporarily held in someone’s wallet. In one sentence: Cancore is a decentralized smart contract infrastructure designed to move institutional capital into public web3. Both mainnet and testnet have already been validated. ==================== Key Q&A Highlights 1. Security and Elimination of Intermediate Custody He repeatedly stressed that security was prioritized from day one. The core principles are these three: - Never hold user funds - Never introduce any intermediary holding assets - Operate natively on Canton Network, adding a settlement layer where none existed before Funds move only when both parties agree—unlike traditional bridges that follow a “deposit here, withdraw there” model. This eliminates the need to trust counterparties, reducing counterparty risk. 2. Latency and Bottlenecks Between Canton and Ethereum He noted that most RWA projects today first establish themselves on public chains, then try to attract institutional capital. Cancore does the opposite: it starts with institutional capital already on Canton Network and builds the connection outward to public-chain liquidity. Since there’s no intermediate custody step, delays or stoppages during cross-chain transfers are minimized. He also mentioned that stablecoin transfers are straightforward, making the process less confusing even for beginners. 3. What Should Individual Users Do Now? He clarified that the current primary goal is not monetization or mass user acquisition. The priority is stabilizing the settlement system; therefore, no consumer-facing services are being launched yet. What individuals and communities can do right now: Understand what problem this project solves and explain to others why it’s safer than traditional bridges. He only mentioned that early supporters will receive benefits in the future, but did not specify how much, or how points or rewards will be accumulated during this AMA. 4. 2–3 Year Milestones The biggest goal is to make Cancore the default choice whenever liquidity moves between Canton Network and public blockchains. The vision is to make institutional users automatically choose Cancore for accessing public-chain liquidity, and to enable seamless, single-step transfers from institutions directly onto major chains like Ethereum. ==================== Additional Announcements - Wasif will visit Korea at the end of September for KBW. - He will participate as a main conference sponsor and host a side event. ==================== Personal Reflection As a retail user, I didn’t walk away with clear instructions like “Do this now.” Rather than promoting airdrops or testnet participation, the focus was squarely on laying foundational infrastructure to move institutional liquidity into public chains. However, given the team’s strong security background, the consistent message—from start to finish—was clear: “We don’t hold funds” and “We remove all intermediate custody.” For anyone familiar with bridge hacks, this point resonates deeply.Rather than expecting reward specs right now, it would be better to review the roadmap and KBW schedule together to see if Canton’s connection to public chains can realistically become the default. Since you’re planning to visit Korea at the end of September, please check the on-site schedule once it’s available.