Is Canton Permissionless? CEO Says Yes, but SuperValidators Need Approval

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 22 April 2026

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Digital Asset’s CEO faces pointed questions about Canton’s core claims and admits something surprising about the network’s architecture. ======================================================== As Bitcoin's application layer, Citrea gives you access to the first trust-minimized BTC on a fully programmable platform and a native stablecoin for Bitcoin, ctUSD. You can now participate in Bitcoin capital markets with lending, privacy, payments, Bitcoin yield, trading and predictions. You get expanded Bitcoin utility without sacrificing its security. Citrea mainnet is live. Put your BTC to work at citrea.xyz/unchained. Ether.fi is giving Unchained listeners 15% cashback on food and ride apps — and that's on top of the 3% you get on everything else. Your bank is charging you to use your own money. Laura switched and loves her card! Go to ether.fi/unchained to claim your offer. ======================================================== Canton is the chain behind JPMorgan’s deposit token, DTCC, Broadridge’s $400 billion repo book, HSBC, Visa, and a growing roster of the biggest names in global finance. It describes itself as a public permissionless blockchain. But is it? Yuval Rooz, co-founder and CEO of Digital Asset, faces off against Alex Gluchowski, co-founder and CEO of Matter Labs, and Dragonfly managing partner Haseeb Qureshi in a live debate. The charges range from foundational: Canton cannot enforce financial rules without a trusted third party, its validators are permissioned in everything but name, and there is no universally shared ledger. Rooz fires back on all of it and, at one point, concedes something that may surprise you. If the label matters as much as the technology, this episode will force you to decide what blockchain actually means, and whether that answer has consequences for the institutions staking their infrastructure on it. Host: ⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠, Host / Unchained Guests: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Yuval Rooz: Co-Founder & CEO, Digital Asset Haseeb Qureshi: Managing Partner, Dragonfly Alex Gluchowski: Co-Founder & CEO, Matter Labs Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, everyone. Welcome to Unchained, your no-hap resource for all things Crypto. I'm your host, Laura Shin.
0:07.5	Thanks for joining this live stream. Just FYI, everyone, that we pre-recorded this a few hours before the stream.
0:13.1	Before we get started, a quick reminder, nothing you hear on Unchained is investment device. This show is for
0:18.0	informational and entertainment purposes only, and my guest tonight may hold assets discussed on the show. For more disclosures, visit UnchainedCrypto.com.
0:26.4	Bitcoin changed how money works. Satrea changes how Bitcoin scales. With a trust-minimized
0:31.5	BTC and a native staple coin, CTUSD, Citraia enables Bitcoin capital markets with lending, privacy, Bitcoin yield, and more.
0:40.2	Get started at Citraea.xy-Z slash unchained.
0:44.1	EtherFi is giving Unchained listeners 15% cash back on food and ride apps, and that's on top
0:49.8	of the 3% you get on everything else.
0:51.8	Your bank is charging you to use your own money.
0:54.1	I switched. Go to Ether.Fi bank is charging you to use your own money. I switched.
0:55.1	Go to ether.fI. Unchained to claim your discount.
1:01.0	Today's topic is Canton. Is it a real blockchain? Here to discuss are Yuval Ruse, co-founder and
1:07.5	CEO at Digital Asset, Haseeb Qureshi, managing partner in Dragonfly, and Alex Kulkovsky, co-founder and CEO at Digital Asset, Haseeb Qureshi, managing partner in Dragonfly, and Alex
1:12.6	Glukovsky, co-founder and CEO of Matter Labs. Welcome, Yuval, Hasib, and Alex.
1:18.6	Great to be here. Thanks for having us. I'm excited to be here. So we're going to start with
1:25.6	Yuval. I'm sure you're aware that you're probably going to be a little bit in the hot seat today. But I actually think you're probably somewhat used to it by now, judging from what I'm seeing on social media. So let's just set a baseline for the listeners. Why don't you maybe describe what problem you're trying to solve with Canton and how
1:45.5	you structured it to solve that problem?
1:47.7	And then we'll have Alex and Haseeb kind of give the criticisms that they want to have
1:53.9	you answer to.
1:55.4	Sure.
1:56.3	So first of all, great to be here.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.