Earlyworks Co., Ltd. announced the successful completion of its acquisition of Perpetual Markets Ltd. The combined entity has rebranded as Perpetuals.com Ltd. and began trading on the Nasdaq Capital Market under the ticker symbol PDC, effective January 20, 2026. This strategic move integrates Perpetual Markets into the business, which focuses on developing software solutions that connect traditional financial markets with blockchain-based cryptocurrency markets.
The company's core technology is its exchange software suite, Kronos X(R). This platform enables regulated trading venues, such as European Multilateral Trading Facilities (MTFs), to operate with 24/7 self-clearing and blockchain-based settlement technology. The company plans to operate its own MTFs in Europe later in 2026 and introduce new tokenized products. Furthermore, it intends to leverage proprietary machine-learning technology to develop AI-enhanced alternatives to traditional Contract for Difference (CFD) and perpetual futures markets.
Perpetuals.com (NASDAQ: PDC) is a financial technology company that combines blockchain infrastructure and artificial intelligence to transform digital asset trading. The operations of the Perpetuals.com Group, founded by Patrick Gruhn, Robin Matzke, and Nayia Ziourti, are being integrated into the company's proprietary blockchain solution. The company develops and operates Kronos X(R), a proprietary multi-asset exchange platform and blockchain-based settlement solution designed to be fully compliant with European regulations including MiFID II, MiCA, DORA, and EMIR.
The company provides financial market infrastructure as a service from Equinix FR2 in Frankfurt, Germany, alongside established exchanges like Eurex and Xetra. This enables clients to operate 24/7 trading of crypto spot, derivatives, tokenized securities, and structured products. Clients of the Kronos X(R) platform include CySEC-licensed Multilateral Trading Facilities with EU MTF equivalence recognized in jurisdictions such as the United States, Australia, and Hong Kong. For more information on the company's operations, visit https://group.perpetuals.com/.
The team at Perpetuals.com has a history of pioneering regulated tokenized financial products. This includes Pre-IPO contracts for companies like Coinbase, Airbnb, and Robinhood—a development previously reported by Forbes—as well as tokenized stocks traded on major exchanges including Binance, FTX, and Bittrex. Building on machine learning analysis of millions of retail trade transactions, the company has developed AI-powered risk intelligence that predicts trading outcomes in real-time. This technology aims to optimize derivatives hedging operations while enabling enhanced client protection in prediction markets. A new prediction market system based on this proprietary AI model is planned for announcement in the second quarter of 2026.
The completion of this acquisition and subsequent rebranding signifies a consolidation of expertise aimed at creating a regulated bridge between conventional finance and the digital asset ecosystem. By offering a compliant, AI-enhanced trading infrastructure, Perpetuals.com Ltd. seeks to address key challenges in market efficiency, settlement risk, and product innovation within the evolving landscape of global finance. The full details of the announcement were provided in a press release available at https://ibn.fm/hFZ6h.
