Earlyworks Closes Acquisition and Rebrands as Perpetuals.com (NASDAQ: PDC), Targeting the Multi-Trillion-Dollar Global Derivatives Market

Core Viewpoint - Earlyworks Co., Ltd. has successfully acquired Perpetual Markets Ltd., rebranding as Perpetuals.com Ltd. with a new Nasdaq ticker symbol PDC, aiming to integrate traditional finance with blockchain-based crypto markets through innovative software solutions [1][7]. Company Overview - Perpetuals.com Ltd. develops software solutions that merge traditional financial markets with blockchain-based crypto markets, with its core product being the Kronos X exchange software suite [1][8]. - The company plans to operate its own Multilateral Trading Facilities in Europe and launch new tokenized products, including pre-IPO contracts and tokenized structured products [2]. Technology and Innovation - The proprietary technology of the combined business enables regulated financial and crypto services on blockchain infrastructure, leveraging a machine-learning system trained on millions of retail trading data points [3]. - Perpetuals aims to disrupt traditional markets with AI-enhanced products designed to protect retail users from losses in historically unfair trading environments [3][10]. Leadership and Governance - Patrick Gruhn has joined as Co-CEO, bringing extensive experience in regulated digital finance and blockchain innovation [4]. - Matthew Nicoletti has been appointed as the chair of the Compensation Committee, contributing over 15 years of capital markets experience to lead the company's future expansion [5]. Market Opportunity - The global derivatives market was valued at $846 trillion at the end of June 2025, highlighting the significant opportunity for blockchain-native platforms to bridge traditional finance and crypto derivatives [6].