The European project IFAST's WP8 Innovative Superconducting Magnets aims to develop the technology of Canted Cosine Theta (CCT) magnets wound with High-Temperature Superconductors (HTS). Superconducting magnets could lower the size and cost of synchrotrons and gantries for research and hadron therapy. HTS materials can lead to higher magnetic fields with smaller cryogenic systems than LTS. However, they pose challenges in cable production schemes, magnet design, and cost. The project's final goal is to design a straight CCT-layout magnet with a central dipole field of 4 T, and a ramp rate of 0.4 T/s, but a lower ramp rate of 0.15–0.2 T/s is acceptable for the first step. The paper presents a preliminary design, discussing in particular the protection scheme with the magnet protection solutions for the conductor: one with two and the other with four HTS tapes. Both options generate 4 T of dipole field without an Iron shell, with at least 10 K of margin at an operational temperature of 20 K. To meet the time and budget constraints of the project, a simple cable based on a co-winding of commercial REBCO tapes is proposed. Protection is the most challenging aspect of the design and an adiabatic quench analysis has been used to determine the required thickness of copper stabilizer tapes to mitigate the risk of damaging the magnet during a quench. Finally, the paper evaluates ac and radial current losses during the magnet cycles, discussing the heat distribution and possible solutions for heat extraction.