Earlyworks Co., Ltd. announced the successful completion of its acquisition of Perpetual Markets Ltd., following which the company rebranded as Perpetuals.com Ltd. and began trading under the Nasdaq ticker symbol PDC, effective Jan. 20, 2026. The transaction integrates Perpetual Markets into the combined business, which develops software solutions bridging traditional financial markets and blockchain-based crypto markets through its exchange software suite, Kronos X(R).
The company's technology enables regulated trading venues, including European Multilateral Trading Facilities, to operate with 24/7 self-clearing and blockchain-based settlement technology. Perpetuals.com also plans to operate its own Multilateral Trading Facilities in Europe later in 2026 and to introduce new tokenized products while leveraging proprietary machine-learning technology to develop AI-enhanced alternatives to traditional CFD and perpetual futures markets.
Perpetuals.com develops and operates Kronos X(R), a proprietary multi-asset exchange platform and blockchain-based settlement solution 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 Eurex and Xetra, enabling clients to operate 24/7 trading of crypto spot, derivatives, tokenized securities, and structured products. Kronos X(R) clients include CySEC-licensed Multilateral Trading Facilities with EU MTF equivalence recognized in the United States, Australia, and Hong Kong.
The Perpetuals.com team pioneered regulated tokenized financial products, including Pre-IPO contracts for Coinbase, Airbnb, and Robinhood—as reported by Forbes—as well as tokenized stocks traded on Binance, FTX, Bittrex, and other major exchanges. 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—optimizing derivatives hedging operations while enabling unprecedented client protection in prediction markets.
A new prediction market system based on the proprietary AI model is planned to be announced in Q2 2026. The company's operations are being integrated into its proprietary blockchain solution to form Perpetuals.com, which combines blockchain infrastructure and artificial intelligence to transform digital asset trading. For more information about the company, visit https://group.perpetuals.com/.
The acquisition and rebranding represent a significant development in the convergence of traditional finance and digital assets, creating a regulated framework for institutional participation in crypto markets. By providing compliant infrastructure and AI-enhanced trading solutions, Perpetuals.com addresses key barriers to institutional adoption while potentially increasing market efficiency and reducing counterparty risk through blockchain settlement.
