Earlyworks Closes Acquisition and Rebrands as Perpetuals.com (NASDAQ – PDC), Targeting the Multi-Trillion-Dollar Global Derivatives Market
NVIDIA AI‑Powered, Blockchain‑Native Trading Platform Designed to Bridge Traditional Finance and Crypto at Global Scale TOKYO, JAPAN / ACCESS Newswire / January 20, 2026 / Earlyworks Co., Ltd. (NASDAQ:PDC) today announced the successful completion …
NVIDIA AI‑Powered, Blockchain‑Native Trading Platform Designed to Bridge Traditional Finance and Crypto at Global Scale
TOKYO, JAPAN / ACCESS Newswire / January 20, 2026 / Earlyworks Co., Ltd. (NASDAQ:PDC) today announced the successful completion of its acquisition of Perpetual Markets Ltd. Accordingly, the company has rebranded as Perpetuals.com Ltd and its Nasdaq ticker symbol has changed to PDC, effective January 20, 2026.
The transaction integrates Perpetual Markets into Earlyworks. Perpetuals.com Ltd., as the combined company will be known, develops software solutions that merge traditional financial markets with blockchain-based crypto markets. The core product is its exchange software suite, Kronos X, which enables regulated trading venues - including European Multilateral Trading Facilities (MTFs) - to operate with 24/7 self-clearing and blockchain-based settlement technology. With Kronos X, regulated organized markets can now compete directly with crypto derivatives exchanges. Visit group.perpetuals.com for more information.
The founders of Perpetuals pioneered regulatory-approved stock tokens and have now developed next-generation software to operate within the internet of finance in a regulated and compliant manner. Perpetuals also intends to operate its own Multilateral Trading Facilities in Europe later in 2026. It intends to launch new kinds of tokenized products, including pre-IPO contract and tokenized structured products and options.
The combined business's proprietary technology enables not only the operation of regulated financial and crypto services on blockchain infrastructure. It also leverages Perpetuals' proprietary machine-learning system, trained on millions of retail trading data points, to help product issuers create innovative alternatives to the strictly regulated and often predatory Contract for Differences (CFD) and perpetual futures markets. Perpetuals aims to disrupt these markets entirely with its AI-enhanced products. Ultimately, this is intended to protect retail users from losses in these historically unfair and unethical trading environments.
Patrick Gruhn, who has joined the company as Co-Chief Executive Officer of Perpetuals, is a German-born serial entrepreneur, lawyer (LL.M.), software engineer, and fintech innovator with an MBA and advanced studies at institutions, including MIT. He co-founded DigitalAssets.AG, a pioneering tokenized assets platform acquired by the FTX Group, and previously served in leadership roles at FTX Europe. As Co-CEO of Perpetuals, Mr. Gruhn brings decades of experience in regulated digital finance, blockchain infrastructure, and ethical innovation.

