Head of Product at Zenith

Joined March 2022
If you are in Singapore next week, I'd love to chat about all things Ethereum, Canton, and RWAs. Drop a line if you are around.
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Norbert Vadas retweeted
서울에서 한국 금융기관들과 토큰화의 다음 단계를 논의했습니다. Zenith co-hosted the Seoul Table, an institutional lunch, alongside @KaikoData, @utila_io and Happyblock during @kbwofficial, bringing together a cross-section of Korea's financial and digital asset ecosystem. Banks, securities firms, asset managers, custodians, legal advisors and infrastructure providers, all navigating the same questions about how tokenization, digital assets and institutional blockchain infrastructure come together at scale in regulated markets. Korea is not watching this space from the sidelines. With the token securities framework taking effect in February 2027, institutions are preparing now, and multiple tokenization and won stablecoin initiatives are already taking shape. Thank you to Woori Bank, Mirae Asset Securities, Kyobo Life Insurance, Kyobo Securities, Meritz Securities, LS Securities, iM Bank, Shin & Kim, Deloitte Korea, Bithumb and many others for being in the room, alongside ecosystem teams from across the region and beyond. Being in these conversations, and hosting them, is how Zenith stays close to the decisions that matter. Grateful to our co-hosts and to everyone who made time to join. Next stop: Singapore. Zth.
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A quick update on the Zenith EVM Testnet before you deploy. We're aware of intermittent disruptions affecting block production and transaction processing. Heavy spam traffic and faucet abuse have been periodically impacting block processing, transactions carrying large amounts of data took too long to process, triggered confirmation timeouts, and caused block production to stall in some cases. We're working on a fix and stronger safeguards and will share an update once they're in place. If you're ready to start building in the meantime, here are the network details: Network name: Zenith EVM Testnet Chain ID: 936485 Zenith EVM Testnet RPC: rpc.testnet.zenith.network/ Zenith Synchronizer URL: synchronizer.testnet.zenith.… Explorer: explorer.testnet.zenith.netw… Faucet: explorer.testnet.zenith.netw… Native currency name: Zenith token Currency symbol: ZTH Decimals: 18 Add the network, fund a wallet from the faucet, point Foundry or Hardhat at the RPC endpoint, and deploy. Every standard EVM workflow works exactly as expected. Start here: docs.zenith.network To test Canton-side and Gateway flows, reach out: [email protected] Zth.
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Atomic composability between two different VMs is here, on our public testnet. 🔥
JUST IN: The Zenith EVM Testnet is live and open to the public. For the first time, 31800+ Ethereum developers can deploy standard Solidity applications that compose atomically with @CantonNetwork - the institutional blockchain where DTCC, JPMorgan, Goldman Sachs, and Visa process $9T+ in monthly settlement volume. Point your existing tools at the Zenith RPC endpoint and deploy. Your contracts don't change, your tooling doesn't change, and every transaction is finalized through Canton's consensus with deterministic finality in seconds. The external_call() primitive enables atomic composability with Canton-native Daml workflows directly, and the Linked Transactions explorer shows you the full lifecycle of every transaction across both environments in one place. Zenith is already contributing to two of the most significant tokenization initiatives running on Canton: @The_DTCC 's DTC Digital Assets Solutions Industry Working Group bringing $114 trillion in U.S. securities on-chain, and @progmat_en's Tokenized JGB working group targeting Japan's $1.6 trillion JGB repo market alongside MUFG, Mizuho, and BlackRock Japan. This is the first public venue where Ethereum's programmability and Canton's institutional rails meet. Get started: docs.zenith.network Explore: explorer.testnet.zenith.netw… Full announcement: zenith.network/resources/blo… To test atomic cross-environment workflows with the Zenith Gateway, reach out to us directly: [email protected] Zth.
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Here we go! @ZenithFdn has joined @The_DTCC Digital Assets Solutions Industry Working Group!
JUST IN: Zenith has joined the DTC Digital Assets Solutions Industry Working Group as a participating member, alongside 100+ firms including @BlackRock, @jpmorgan, @GoldmanSachs, @Citi, @Nasdaq, and @NYSE. @The_DTCC's subsidiary, the Depository Trust Company (DTC), is the custodian behind $114 trillion in U.S. securities. The working group is building and testing the infrastructure to bring that market on-chain, with a full launch targeted for October 2026. Zenith joins as a @CantonNetwork Tier-1 Super Validator and developer of an Ethereum-compatible execution environment for Canton, contributing its perspective on blockchain infrastructure and application development alongside other market participants. In June, Zenith joined Japan's JGB repo working group targeting the $1.6 trillion JGB repo market. Today's announcement is the U.S. counterpart. The conviction is the same on both sides of the Pacific. Zth.
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JUST IN: Zenith has joined the DTC Digital Assets Solutions Industry Working Group as a participating member, alongside 100+ firms including @BlackRock, @jpmorgan, @GoldmanSachs, @Citi, @Nasdaq, and @NYSE. @The_DTCC's subsidiary, the Depository Trust Company (DTC), is the custodian behind $114 trillion in U.S. securities. The working group is building and testing the infrastructure to bring that market on-chain, with a full launch targeted for October 2026. Zenith joins as a @CantonNetwork Tier-1 Super Validator and developer of an Ethereum-compatible execution environment for Canton, contributing its perspective on blockchain infrastructure and application development alongside other market participants. In June, Zenith joined Japan's JGB repo working group targeting the $1.6 trillion JGB repo market. Today's announcement is the U.S. counterpart. The conviction is the same on both sides of the Pacific. Zth.
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🚨NEW EPISODE: How Canton Unlocks Institutional DeFi with Ethereum🚨 Today we're joined by @NorbertVadas, Head of Product at Zenith (@ZenithFdn), to explore how @ethereum compatibility is coming to @CantonNetwork and what that means for institutional finance. In this episode we're discussing: - What Zenith is building on Canton - Canton’s privacy-first architecture - DAML and Canton smart contracts - Why EVM compatibility matters - Bridging Canton assets into Ethereum - CIP-56 assets explained - Unified liquidity for institutional assets - Bringing DeFi to Canton - Rollup-inspired architecture - State management and scalability - Institutional adoption and real-world assets - Mainnet roadmap and what's next - And much more—enjoy! — Timestamps: (00:00) Introduction (00:51) What is Zenith? (04:04) Norbert's background (06:02) Why build Zenith? (08:22) Understanding DAML (12:45) Why EVM compatibility? (17:14) CIP-56 assets explained (27:43) How Zenith executes (39:13) RWA lending example (42:15) Bringing DeFi to Canton (45:58) State growth & scalability (50:14) Who is using Zenith? (56:46) What's next? (1:01:28) Mainnet roadmap (1:03:24) Outro
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JUST IN: Zenith has completed its next major technical milestone on the path to full EVM composability on @CantonNetwork Mainnet. Earlier this year Zenith demonstrated the first atomic transaction flows between EVM applications and Canton. Today that goes further, a fully atomic swap between a Canton-native CIP-56 asset and an ERC-20 asset on Zenith, executed through a Canton-native application on a feature-complete test network, between a Canton-only user with just a partyID and a Zenith-only user with just an EVM account. Neither party required knowledge of the other's environment. At the core is external_call(), a new primitive now merged into Canton's repository that allows Daml contracts on Canton to invoke Solidity contracts on Zenith from within Daml workflows, settling multi-leg operations atomically through Canton's Global Synchronizer. The foundation for full EVM composability at the protocol layer is laid. external_call() is scheduled for rollout to Canton Mainnet as part of the Canton 3.6 release in late Q3 or early Q4 2026. Full announcement: zenith.network/resources/blo… Zth.
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The onboarding of TradFi begins.
Twelve years ago, @CantonNetwork began with a belief: the world’s financial infrastructure could move onchain without compromising privacy, control, or trust. Today, the DTCC processed real production trades using DTC-tokenized U.S. Treasury and equity securities on Canton. Not a proof of concept. Not a simulation. Real assets moving through real institutional workflows, with more than 30 firms participating. This is bigger than any single transaction. It marks the shift from exploring tokenized markets to operating them, and establishes the foundation for a new generation of financial infrastructure. It’s a defining moment for our industry, and only the beginning. dtcc.com/news/2026/july/15/d…
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Your apps built on Zenith using Solidity compose atomically with Canton-native apps and assets. No HTLCs or intents. True, consensus-based atomic settlement.
Coming from Ethereum, or ready to build native? Canton has a path either way. @FiveNorthHQ builds core developer infrastructure for native Daml development on Canton, including deployment tooling that lets builders get onto DevNet without running their own validator. @ZenithFdn brings Solidity and EVM compatibility to Canton, giving Ethereum developers a bridge into the network without needing to learn Daml from scratch. Two teams. Two entry points. One network.
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Before @ZenithFdn, we built ZkCloud which served as a universal ZK proving infra for giants like @ethereum and many ZK L2s like @aztecnetwork. We rebuilt as Zenith because we became convinced specialized infrastructure beats general-purpose, especially once real financial assets are involved. And that's not an Ethereum-bear take. Ethereum & Solana developer ecosystems are exactly the kind of intelligence hubs institutions need plugged in, which is why we're bringing them to @CantonNetwork rather than building around it. We acknowledge the debate and have put together a report examining where Canton and Ethereum actually converge and where each is positioned to lead long term. platform.zenith.network/api/…
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And if you do need global state for e.g. DeFi @ZenithFdn has you covered with EVM and SVM environments for Canton.
No global state. No public mempool. Authorization and privacy enforced at the contract level. Composability limited to the parties involved. Canton's architecture is different by design.
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Gradually, then suddenly. It's time to bring a 100 trillion in RWAs on-chain. More to come. Watch @ZenithFdn 🚀🚀🚀
JUST IN: Zenith has been invited to join Progmat's Tokenized JGB and On-chain Repo Working Group, a consortium bringing together MUFG, Mizuho, Sumitomo Mitsui, BlackRock Japan, State Street, SBI Securities, Japan Exchange Group, and other major players, conducting a joint study on bringing Japan's $1.6 trillion JGB (Japanese Government Bond) repo market on-chain. Japan's JGB repo market is one of the largest in the world, processing ¥250-270 trillion annually and representing roughly 10% of the global government bond-backed repo market. Today it settles a business day after a trade is executed, operates within traditional market hours, and requires manual processes at every step. The working group is targeting same-day settlement, 24/7 availability, and cross-border access, enabling fully on-chain repo transactions using tokenized JGB collateral paired with stablecoin cash legs via lending protocols. A comprehensive report is expected in October 2026, with issuance pilots targeted for later this year. Read the full announcement: zenith.network/resources/blo… Zth.
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Keep an eye on @ZenithFdn ! 🚀
JUST IN: Zenith has been invited to join Progmat's Tokenized JGB and On-chain Repo Working Group, a consortium bringing together MUFG, Mizuho, Sumitomo Mitsui, BlackRock Japan, State Street, SBI Securities, Japan Exchange Group, and other major players, conducting a joint study on bringing Japan's $1.6 trillion JGB (Japanese Government Bond) repo market on-chain. Japan's JGB repo market is one of the largest in the world, processing ¥250-270 trillion annually and representing roughly 10% of the global government bond-backed repo market. Today it settles a business day after a trade is executed, operates within traditional market hours, and requires manual processes at every step. The working group is targeting same-day settlement, 24/7 availability, and cross-border access, enabling fully on-chain repo transactions using tokenized JGB collateral paired with stablecoin cash legs via lending protocols. A comprehensive report is expected in October 2026, with issuance pilots targeted for later this year. Read the full announcement: zenith.network/resources/blo… Zth.
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“Find the technological shift.” ➜ @CantonNetwork. “Develop a unique insight.” ➜ Polyglot Whitepaper. “Become obsessed with the market.” ➜ Participation in all governance committees. “Talk to customers.” ➜ Overflowing inbound funnel. “Find a hair on fire problem.” ➜ DAML ≠ EVM. “Build the simplest possible wedge.” ➜ Super Validator weight of 10 for building multiVM Canton. “Earn distribution.” ➜ Earned, not gifted. “And most importantly, don't quit when things get hard.” ➜ It’s always two steps forward, one step backwards. But it’s progress. This is @ZenithFdn. Zth.
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Norbert Vadas retweeted
There seems to be some confusion about what @ZenithFdn actually is, so let me clarify. For a start, Zenith is not a Layer 2 and it is not a sidechain. Zenith is an EVM environment built on @CantonNetwork. A Zenith instance consists of a set of Canton participants running Zenith EVM nodes, receiving EVM transactions through Canton, synchronizing EVM state through Canton’s synchronization protocol and recording the agreed state root in Canton smart contracts. Canton was designed around the idea that applications can operate as independent, privacy-preserving domains while still being able to communicate with one another. Zenith EVM instances are one example of such applications within the Canton ecosystem. Most importantly, Zenith instances can interoperate atomically with other Canton applications. This creates a gareway between traditional Web3 applications and the institutional assets, workflows, and financial products being deployed on Canton. As a trillion dollars of tokenized assets move on-chain over the coming years, Zenith will connect existing on-chain infrastructure with these institutional assets.
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See you in NY next week. My DMs are open, happy to chat about all things Canton x EVM.
ETHConf week in New York is one of the best moments in the calendar to have the conversations that actually move things forward. @NorbertVadas, our Head of Product, will be there across the full week: @ethconf June 8-10, Canton Café by @CantonNetwork on June 9, the Rooftop Mixer with @Quantstamp on June 10, the Institutional DeFi Meetup, and the Link Learning Lab on June 11. If you're thinking seriously about where DeFi and institutional infrastructure converge, come find us. Zenith is building the native execution layer on Canton that connects EVM (and soon SVM) developer ecosystem to Canton's institutional infrastructure. Zth.
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JUST IN: The first piece of Understanding Canton series is out! If you've been trying to wrap your head around how @CantonNetwork's tokenomics actually work, this is the place to start. Canton Coin has no pre-mine, no founder allocation, and no VC distribution. Every $CC in circulation was minted through active network participation after the Global Synchronizer went live. The mechanics behind that model, how burns and minting work, who earns what and why, how the minting curve has shifted from infrastructure bootstrapping toward application rewards, and how Zenith's EVM activity feeds into the same economic loop, are covered in full in Blog #1. zenith.network/resources/blo… Zth.
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