Did L2s Fragment Ethereum? - With Yuval Rooz, CEO of Digital Asset, Co-Founder of Canton @TheDefiant
Did L2s Fragment Ethereum? - With Yuval Rooz, CEO of Digital Asset, Co-Founder of Canton  @TheDefiant
Uploaded February 2026 | Updated September 2026, 2 weeks ago
In this episode, Digital Asset co-founder & Canton Network CEO Yuval Rooz joins Camila Russo to explain why “tokenization season” won’t scale on public ledgers alone and why privacy (not anonymity) is the missing requirement for onchain finance.

We unpack Canton’s network-of-networks architecture (“cantons”), how it enables composability with privacy (sharing transaction data only with relevant stakeholders), and why Yuval thinks relying on zero-knowledge proofs for privacy introduces unacceptable systemic risk at scale.

We also dig into Canton’s economics, including Canton Coin as the mechanism to compose transactions across cantons, and the network’s unusual validator model built around contribution, not staking.

Finally, Yuval breaks down what DTCC tokenizing U.S. Treasuries on Canton could unlock: onchain treasury collateral, real-time treasury↔stablecoin conversion, and more capital-efficient markets that can operate 24/7, even when TradFi is closed.

Key topics:
• What the Canton Network is and what problem it solves
• Privacy vs anonymity — and why institutions need “need-to-know” disclosure
• Why Yuval is skeptical of ZK for privacy (but bullish for scaling)
• How cantons interoperate and why composability is the real value of public chains
• Canton’s token model: burning Canton Coin to compose across cantons
• DTCC + tokenized Treasuries: what’s live, what’s next, and why it matters
• Wrapped crypto with privacy, prediction markets, insurance, and other apps on Canton
• Why Yuval believes “gravity” is coming for crypto valuations — and what survives



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#CantonNetwork #Tokenization #RWA #Stablecoins #Treasuries #DTCC #TradFi #DeFi #Blockchain #OnchainFinance

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Did L2s Fragment Ethereum? - With Yuval Rooz, CEO of Digital Asset, Co-Founder of Canton

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