CSWAP: Advanced RWA Standards, Templates

[GENERAL] Name and surname of main applicant

Jon Kravetz

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

5

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will analyze all RWA tokenized assets on-chain and communicate with other projects such as NMKR and Finest to create Cardano RWA standards.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

All project outputs will be open source (Apache 2.0 License).

[METADATA] Horizons

RWA

[SOLUTION] Please describe your proposed solution

We will create standards for onboarding third parties to Cardano through real world asset tokenization.

Standards include custodian best practices, identity verification, metadata templates, and future-proofing to ensure asset compatibility across the ecosystem.

Research will involve analyzing all current RWAs on-chain, interviewing projects that incorporate RWAs, and evaluating current CIPs and open-source solutions such as Hyperledger for defining the standards.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

Any Cardano project that incorporates RWAs will be able to leverage or model their RWA tokenization using this research. standards, and templates.

Normalizing RWA tokenization on Cardano will make Cardano stand out among the competition. This normalization will result in maximum interoperability.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

CSWAP Systems has delivered innovative solutions on the Cardano blockchain, including the NFT/RWA DEX, cswap.market, which has surpassed 3M ADA in volume with thousands of transactions. We are among the first to bring real-world assets to Cardano, and the only team offering DEX functionality for RWAs.

Jon Kravetz is a SME on RWAs. He recently led the RWA round table discussion hosted by Cardano Paul. Link: https://x.com/Cardano/status/1836457675803992389

CSWAP Systems brings senior-level experience from companies like Nike, Best Buy, and Airbus. Jon Kravetz has led development teams, resulting in seven-figure solutions for enterprises such as AstraZeneca and Rexel.

CSWAP Systems uses agile methodologies in its development process, with a boutique consulting angle. This allows our team to remain lean and deliver high quality solutions. Here are some processes we incorporate into our planning, design, and development phases.

1) Business requirements gathering.

2) Gap analysis.

3) Functionality matrix/scorecard including ease of implementation, user value, and product value.

4) Comprehensive Screen Design Documentation including wireframes and functional requirements.

5) Transparent and community development process.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Business Requirements Gathering

A) Milestone Outputs: CSWAP Systems will provide a detailed business requirements document. This document will outline exactly what is needed from a business perspective to deliver a complete solution. The business requirements document will include any legal/license considerations, and also storage plans.

B) Acceptance Criteria: The business requirements document must describe the requirements in a way so that the team can begin the solution design process.

C) Evidence of Milestone Completion: Business and Technical leadership will sign off on the business requirements document and share with Catalyst team as requested.

Research and Analysis

A) Milestone Outputs: CSWAP Systems will provide a detailed research report.

B) Acceptance Criteria: The research report must incorporate all research of existing RWAs, CIPs, and relevant open source standards.

C) Evidence of Milestone Completion: Business and Technical leadership will sign off on the research report and share with Catalyst team as requested.

Template Design Documentation

A) Milestone Outputs: CSWAP Systems will provide a working template design document with wireframes and functional description for each screen/module. (version 1)

B) Acceptance Criteria: The template design document, which is a living agile document, must account for several asset types and fulfill the business requirements.

C) Evidence of Milestone Completion: Business and Technical leadership will sign off on the template design document. A link to the agile TDD will be provided to Catalyst team for ongoing review.

Standards and Template Repository

A) Milestone Outputs: CSWAP will deliver all standards and templates to the Cardano ecosystem in the form of a GItHub repository.

B) Acceptance Criteria: CSWAP Systems has successfully delivered the GitHub repository.

C) Evidence of Milestone Completion: CSWAP Systems will provide a link to the GitHub repository to be reviewed by the Catalyst team.

Solution Delivery

A) Milestone Outputs: CSWAP will provide a video demonstrating our GitHub and explaining the contents.

B) Acceptance Criteria: The video and project closeout report is provided to either the Catalyst team and/or public.

C) Evidence of Milestone Completion: The video, project closeout report, and GitHub repository.

[RESOURCES] Who is in the project team and what are their roles?

Jon Kravetz (CEO) - Project Lead

Role: Lead strategy and RWA standards development. Coordinate with existing RWA projects (NMKR, Finest, and others), and ensure alignment with CIPs and other relevant open source standards. Engage stakeholders to align standards with ecosystem goals and regulatory needs, with the goal of driving RWA adoption on Cardano.

LinkedIn

Co-Lead (COO) – Research & Integration

Role: Lead research on existing RWA implementations and engage with RWA projects to establish best practices. Oversee the integration of standards into Cardano’s infrastructure for seamless adoption. Collaborate with the Lead Plutus/Aiken Architect and Software Development Lead to define technical requirements.

Lead Plutus/Aiken Architect (CTO) – Smart Contract Development

Role: Assist in researching existing CIPs and open source standards, offering insights on how these can be applied to RWA tokenization standards. Provide guidance on integrating smart contracts with new standards, ensuring compatibility with Cardano’s infrastructure.

Franklin Chua - Software Development Lead – Plutus Architect & Backend

Role: Focus on researching existing CIPs and open source standards, identifying opportunities for integration. Offers technical guidance on applying these frameworks to enhance the project’s backend systems and interoperability with Cardano.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Budget & Costs:

Development Costs: 120,000 ADA

• Focused on creating advanced templates for tokenizing diverse asset classes, enabling third parties to tokenize their assets.
• Focused on creating uniform standards for tokenizing diverse asset classes, enabling third parties to tokenize their assets.

Research Costs: 50,000 ADA

• Analyze all current RWAs on-chain, interview projects that incorporate RWAs, and evaluate current CIPs and open-source solutions such as Hyperledger for defining the standards.

Legal & Compliance: 30,000 ADA

• Allocated for legal research and consultations to ensure that tokenization standards comply with regulatory standards. Includes developing legal templates and documentation to support the broader Cardano community.

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Developing standards for real world asset tokenization requires significant technical expertise. The labor required for this proposal is heavily discounted relative to industry norms. Any reputable vendor would charge at least 3 times more for the scope of this proposal.