Earlyworks Co. Completes Acquisition, Rebrands as Perpetuals.com Ltd. and Begins Trading on Nasdaq

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), enabling regulated trading venues, including European Multilateral Trading Facilities, to operate with 24/7 self-clearing and blockchain-based settlement technology. The company 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 (NASDAQ: PDC) is a financial technology company combining blockchain infrastructure and artificial intelligence to transform digital asset trading. The proprietary exchange platform operations of Perpetuals.com Group – founded by Patrick Gruhn, Robin Matzke, and Nayia Ziourti – are being integrated into the company’s proprietary blockchain solution to form Perpetuals.com. 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. Trademark Information: Kronos X(R) is a registered trademark in the European Union under filing number 019097099. Perpetuals.com(TM) is the subject of a pending trademark application in the European Union under filing number 019186468. For more information, visit https://group.perpetuals.com/.

This development matters because it represents a significant convergence of traditional finance and emerging blockchain technology within a regulated framework. The acquisition and rebranding signal Perpetuals.com Ltd.'s strategic positioning to capitalize on the growing demand for institutional-grade digital asset trading infrastructure. By operating from Frankfurt alongside established exchanges like Eurex and Xetra, the company gains credibility and access to European financial markets. The integration of AI-powered risk intelligence with blockchain settlement technology could potentially reduce counterparty risk and increase market efficiency, addressing key concerns in crypto derivatives trading. The planned expansion into Multilateral Trading Facilities and tokenized products suggests the company aims to become a comprehensive provider of digital asset market infrastructure rather than just a technology vendor.

The implications of this announcement extend beyond corporate restructuring. Perpetuals.com Ltd.'s Nasdaq listing provides increased visibility and potential access to capital markets, which could accelerate development of its AI and blockchain technologies. The company's regulatory compliance focus, particularly with MiFID II and MiCA, positions it well as Europe establishes clearer rules for crypto assets. The proprietary AI model for prediction markets could create new financial products that blend traditional derivatives with blockchain transparency. Furthermore, the company's experience with tokenized stocks and Pre-IPO contracts suggests it may play a role in bringing more traditional assets onto blockchain platforms. As financial institutions increasingly explore digital assets, Perpetuals.com Ltd.'s integrated approach combining exchange software, settlement technology, and AI analytics could become a model for how traditional and crypto markets interoperate.