Canton $CC isn't your usual crypto project It was built by Digital Asset Backed by Goldman, BNP Paribas, HSBC DTCC & more That alone speaks volumes. This wasn't just some one off investment backing either The same names funding it are now building on it Let's dive deeper into the ecosystem. Start with who’s behind it. Digital Asset was founded back in 2014 At its 2021 raise the focus was Daml, a smart contract language built for financial institutions. Canton Network is where that work ended up. It went live in July 2024. What's most interesting here is that the backing of Digital Asset isn't like 99% of crypto projects It's not VC involvement It's entities like: BNP Paribas, SP Global, BNY, Nasdaq, Citadel, Goldman, DTCC, Apollo, Coinbase, CME, etc. This is absolutely NOTHING like a traditional crypto backing list whatsoever. Now let's look at what's actually building on the network These 2 stand out. HSBC Orion Orion is HSBC’s private tokenization platform, running on Canton technology. It’s already been used for Hong Kong green bonds n a €50 Mil Luxembourg State Treasury note. May 2025, HSBC launched its Tokenised Deposit Service on Orion. September 2025, HSBC joined the Canton Foundation. Then April 2026. HSBC piloted tokenized deposits on the public Canton Network for the first time. BNP Paribas NeoBonds NeoBonds is BNP Paribas Global Markets’ private tokenization platform, built with Daml on Canton. In 2024 it carried the Republic of Slovenia’s €30 Mil digital bond. First sovereign digital bond for the Eurozone n EMEA. BNP was Global Coordinator n Sole Bookrunner. And it settled on-chain using Banque de France’s tokenized central bank money, under the ECB’s wholesale settlement experiments. The bond n the cash leg, both on-chain. September 2025, BNP joined the Canton Foundation. ––––––––––– HSBC Orion Goldman Sachs DAP BNP Paribas NeoBonds All built on DAML and Canton. Each started as a private platform. Now each bank sits inside the same network’s governance. And DTCC, another early backer, just launched its tokenization service with Canton as the first DLT. The people funding Canton are the ones using it. Not your usual crypto project at all.

$TAO isn’t building an AI product It’s building an entire AI economy on chain Compute. Inference. Training. Robotics. Agents. Each one a subnet, each one running live on the network This is true blockchain & Web3 meeting AI innovation A “full-stack intelligence network.” Specialized subnets selling services to each other. Data. Compute. Storage. Pre-training. Inference. Agents. Not one AI company doing everything. Hundreds of specialized teams, all plugged into the same chain. And the network’s already scaled to match. 128 subnets by May, up from 64 when dTAO launched. 129 active as of this month. Subnets compete for emissions on chain, and subnets that don’t earn their keep get cut. Now the compute layer. Lium (SN51) reported about $1.3M in its last full month, roughly 3x a year earlier. Targon (SN4) reported $10.4M ARR back in April. Chutes (SN64) moved to Trusted Execution Environments (TEE) and brought its first Blackwell B200 GPUs online. Private inference, real hardware, running on subnets. Then training. IOTA (SN9) continues decentralized training on-chain Now robotics, which most people don’t expect from Bittensor. OpenRoboto (SN80) launched a first-person robotics data collection initiative Sept 22. Sept 25, with Axis Robotics, they released the Open Axis Benchmark, a standardized framework for evaluating robot models. They even brought a physical xArm 6 online to test winning models on real hardware AI is no longer just living in software We're seeing physical automated robotics come to life and Bittensor is playing a role in it. Meanwhile institutions have been building the on-ramps all year round. April 21 BitGo and Yuma brought custody, staking and trading for subnet tokens. June 2 Staked TAO ETP cross-listed on Euronext Paris. June 25 Yuma launched an institutional fund covering TAO and subnet tokens. June 29 Kraken announced subnet token listings. –––– Compute. Inference. Training. Robotics. Agents. A currency to pay between them. On-ramps for institutions on top. Bittensor isn't just an "AI token" with a narrative It's becoming the Web3 AI economy as we speak.

Things have been exciting lately on $AVAX In the span of ~5 weeks we've seen: • UAE’s national digital ID • South Korea’s securities market • Dubai’s DIFC Courts We're seeing true adoption around institutional tokenization, regulations and govt infrastructure. The avalanche is truly beginning Let's trace it back Start with the UAE. On September 14, the UAE PASS Digital Vault officially moved onto Avalanche. UAE PASS is the UAE’s national digital identity platform. Serving more than 12.5 million people. Over 15,000 services. Verified document sharing across 350 entities. This isn't some pilot sandbox, this is official national government infrastructure coming on-chain. Now over to South Korea. Early September, Hanwha Investment & Securities was reported to be building a tokenized securities platform designed to run on Avalanche & Hyperledger Besu. Korea has been setting the stage for this too. Amendments take effect Feb 4, 2027, legally recognizing distributed ledgers as securities registers. Then came October. The Korea Securities Depository, KSD, is building an Avalanche-based connection for Korea’s securities tokenization market. KSD is like the Korean equivalent to US DTCC Covering issuance, trading, clearing, settlement n investor rights. Samsung SDS awarded the contract to move it from testbed to a production platform. Target: February 2027. And just a day later, Dubai. Oct 14, DIFC Courts began issuing court orders & hearing records with on-chain credentials on Avalanche's C-Chain. Each doc gets a unique, nontransferable credential. Cryptographic fingerprint of file recorded on-chain. Document itself & confidential case info stay off-chain. –––––––––––––––––––––– Identities. Securities. Court Records. Three different use cases, three different institutions. Same chain underneath.