Perpetuals.com (Formerly Earlyworks)
- Company typePublic
- Founded2018
- HeadquartersTokyo, Japan
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
Perpetuals.com (Formerly Earlyworks) firmographics
Firmographics- Name
- Perpetuals.com (Formerly Earlyworks)
- Legal name
- Earlyworks Co., Ltd.
- Website
- https://e-arly.works
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Perpetuals.com (Formerly Earlyworks) industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Securities and Commodity Exchanges (523210), Software Publishers (51321), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Derivatives Trading Venues (perps, futures, options) (FSAPADAE)
- akta.pro secondary industries
- Perpetual Futures (Perps) Venues & Protocols (FSADAGAA), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)
Keywords
Where Perpetuals.com (Formerly Earlyworks) is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Offices3 records
Markets served
Perpetuals.com (Formerly Earlyworks) business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Transaction Fees: Revenue from transaction fees on exchange platforms including UpsideOnly trading platform and RWA tokenization programs
- GLS Licensing: Licensing fees for Grid Ledger System blockchain technology to enterprises, including license fees (100,000 JPY/month base), node licenses, transaction fees, and slot fees
- Derivative Products: Barrier Futures proprietary derivative products for perpetual futures and CFD markets targeting $100-300 billion daily volume offshore market
- AI Infrastructure Licensing: Licensing Forgentiq.ai platform to hedge funds, trading firms, and asset managers for on-premises AI deployment
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | GLS Basic License - Entry tier for blockchain platform usage |
| Subscription | Monthly | Node License - Production environment node deployment |
| Usage-based | Pay-as-you-go | Transaction Fees - Per kilobyte of data processed |
| Usage-based | Pay-as-you-go | Slot Fees - Status update operations |
| Usage-based | Pay-as-you-go | Storage Service - Data persistence on blockchain |
| One time/ perpetual license | Multi-year contract | Kit Training - Initial setup and onboarding |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels6 records
Perpetuals.com (Formerly Earlyworks) product offering
Product offeringCore offering
Perpetuals.com develops and licenses proprietary blockchain infrastructure (the Grid Ledger System / GLS) and operates AI-powered trading and prediction platforms. Its offerings span enterprise blockchain licensing, cross-chain settlement (Ledgera), non-custodial crypto payments (PerpetualPay.Net), quantum-resilient self-custody, regulated exchange software (Kronos X), proprietary derivatives (Barrier Futures), a consumer prediction platform (UpsideOnly) powered by BayesShield AI, and agentic AI infrastructure (Forgentiq.ai). Customers include Japanese enterprises (NTT DOCOMO, Hakuhodo, Ambition DX), merchants, RWA issuers, retail traders, hedge funds, and trading firms globally.
Product overview
Perpetuals.com Ltd (formerly Earlyworks Co., Ltd.) operates a dual-product portfolio. The legacy Earlyworks division provides enterprise blockchain solutions centered on the proprietary GLS (Grid Ledger System) - a hybrid blockchain with 0.2-second transaction speeds and EVM compatibility. The GLS powers multiple platforms including Ledgera (cross-chain settlement), PerpetualPay.Net (crypto payments), and Perpetuals Vault (custody), all featuring quantum-resilient security and 100x lower transaction costs. The newer Perpetuals.com division targets the multi-trillion dollar global derivatives market with Kronos X exchange software and UpsideOnly consumer prediction platform (powered by BayesShield AI trained on 22+ billion trades). Additional products include Barrier Futures derivatives, Forgentiq.ai agentic AI infrastructure, and Quantum-Resilient Crypto Vaults for self-custody. Legacy Earlyworks services include QaGO (QA/verification), AURIS (advertising analytics), and platforms for NFT marketplaces (animap, MetaMe), real estate contracting (AMBITION Sign), shareholder management (Yuutai WALLET), and freelancer tools (APO).
Differentiator
Problem solved
Functional benefit
Brands
- UpsideOnly: Consumer prediction platform using BayesShield AI for stocks, crypto, commodities, and forex markets without requiring users to fund their own trades.
- Ledgera
- PerpetualPay.Net
- Barrier Futures
- Forgentiq.ai
- Perpetuals Vault
- Kronos X
- Grid Ledger System (GLS)
Products and services
- GLS (Grid Ledger System)
Quantifiable outcome
- 30,000+ active users from 185 countries in first two weeks
- +5 more outcomes
Companies that use Perpetuals.com (Formerly Earlyworks)
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles6 records
Perpetuals.com (Formerly Earlyworks) technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature6 records
Perpetuals.com (Formerly Earlyworks) partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, minor and major.
- Datavault AI Inc.coreMutual Services Agreement to list Datavault AI's RWA tokenization programs on Perpetuals exchange platform. Initial agreement covers MTB Copper project with programs targeting $328 million+ in combined issuance spanning gold, copper, geothermal energy, and critical minerals. Enables 24/7 global trading of tokenized physical commodity assets for first time.
- NVIDIAcoreAI Superchip partnership powering BayesShield AI technology. NVIDIA hardware enables blocking 92% of losing retail trades through advanced prediction modeling trained on massive trade datasets.
- German University of Digital ScienceminorPartnership for quantum-resilient development to advance blockchain security technology and address Germany's shortage of quantum computing specialists.
- Service Innovation Co., Ltd.minorBusiness alliance to integrate blockchain technology for gourmet website 'Yummeet!' to record reviews and ratings in immutable format, enhancing transparency and trust. Aims to establish 'user-first' standard in gourmet platform domain.
- CAICA DIGITAL Inc.minorBusiness alliance agreement to support expansion of Web3 business. Combined services provide comprehensive support for businesses engaged in Web3 projects, with CAICA Web3 For Biz matching service and Earlyworks GLS technology.
- Relic Inc.minorBusiness co-creation partnership for blockchain business development and innovation initiatives in Japan.
- NTT DOCOMO, Inc.majorSelected as co-creation partner for MetaMe metaverse communication service. Provides NFT marketplace development and white paper creation for NTT DOCOMO's MetaMe platform using GLS blockchain technology.
- Social Finance LimitedminorMemorandum of Understanding for blockchain game development combining blockchain technology with Social Finance's expertise.
- GuildQBminorPartnership for blockchain game development combining Earlyworks blockchain expertise with GuildQB's gaming capabilities.
- POCKET RD Inc.minorBusiness partnership to strengthen blockchain utilization proposals for the coming physical-digital (phygital) marketing era.
- PM MTF Ltd.coreEU-licensed Multilateral Trading Facility regulated by Cyprus Securities and Exchange Commission (CySEC). Perpetuals has option agreement to acquire PM MTF Ltd. pending regulatory approval. Trading venue for RWA token programs using institutional-grade infrastructure at Equinix FR2 data center in Frankfurt.
- Microsoft for StartupsminorGLS (Grid Ledger System) listed on Azure Marketplace enabling broader enterprise accessibility and cloud integration for startups and enterprise customers.
- NTT DOCOMO, Inc.majorStrategic partnership for blockchain solutions serving NTT DOCOMO's digital asset services including tickets and art valuation on blockchain.
- NEC Communication SystemsminorTechnology partnership for GLS blockchain solutions and integration with NEC communication systems.
- Pole To Win Inc.minorBusiness partnership for blockchain technology collaboration and solution development.
- Hakuhodo DY Music & Pictures Inc.minorNFT platform 'animap' construction project for digital content rights management and provenance using GLS blockchain.
- Ambition DX Holdings Co., Ltd.minorAMBITION Sign platform development - real estate contracting platform utilizing GLS for smart contracts, electronic signatures, and tamper-proof history management from viewing to key handover.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Perpetuals.com (Formerly Earlyworks) competitors and assessment
Company assessmentDirect peers
- Hyperliquid: On-chain perpetuals exchange with its own L1 and order book, targeting the same high-volume offshore perps audience; comparable in product scope and growth profile to Perpetuals.com's derivatives stack.
- Ondo Finance: Issuer and marketplace for tokenized real-world assets (US Treasuries and other yield-bearing instruments); directly comparable to Perpetuals.com's RWA tokenization strategy via PM MTF Ltd.
- GMX: Decentralized perpetual futures exchange on Arbitrum/Avalanche with deep on-chain liquidity; competes for the same retail and API-driven perps traders that Perpetuals.com targets.
- BitPay: Crypto payment gateway for merchants and businesses; directly comparable to PerpetualPay.Net in enabling non-custodial wallet-to-wallet crypto settlement.
- dYdX: Decentralized perpetuals and derivatives exchange operating on its own application-specific chain; directly comparable to Perpetuals.com's Barrier Futures and Kronos X perpetuals venue strategy.
Broad incumbents
- OKX: Global centralized exchange with strong perpetual futures, RWA tokenization initiatives, and a self-custody wallet; overlapping with Ledgera, PerpetualPay.Net, and Barrier Futures.
- Polygon Labs: Major blockchain infrastructure provider offering high-throughput EVM-compatible chains and RWA tooling; competes for the same enterprise GLS-style integration opportunities.
- Bybit: Large centralized exchange with one of the deepest derivatives books globally; competes for the same retail perpetuals traders and is a likely liquidity benchmark for Barrier Futures.
- Avalanche: High-performance L1 with a strong subnets/enterprise focus and multiple RWA and tokenization deployments; competes directly with GLS for enterprise blockchain and tokenization workloads.
Emerging players
- Maple Finance: On-chain credit and RWA infrastructure platform offering tokenized yield products; comparable in building regulated, blockchain-based financial products for institutional and accredited investors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Perpetuals.com (Formerly Earlyworks) social profiles
Digital presencePerpetuals.com (Formerly Earlyworks) compliance and trust
Trust signalCompliance2 records
Perpetuals.com (Formerly Earlyworks) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Perpetuals.com (Formerly Earlyworks) leadership team
Management profileNumber of profiles
Profiles6 records
Perpetuals.com (Formerly Earlyworks) subsidiaries and ownership
Company hierarchySubsidiaries2 records
Perpetuals.com (Formerly Earlyworks) funding detail
Funding detailFunding overview
Funding rounds7 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Perpetuals.com (Formerly Earlyworks) M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Perpetuals.com (Formerly Earlyworks)
What does Perpetuals.com (Formerly Earlyworks) do?
Perpetuals.com develops and licenses proprietary blockchain infrastructure (the Grid Ledger System / GLS) and operates AI-powered trading and prediction platforms. Its offerings span enterprise blockchain licensing, cross-chain settlement (Ledgera), non-custodial crypto payments (PerpetualPay.Net), quantum-resilient self-custody, regulated exchange software (Kronos X), proprietary derivatives (Barrier Futures), a consumer prediction platform (UpsideOnly) powered by BayesShield AI, and agentic AI infrastructure (Forgentiq.ai). Customers include Japanese enterprises (NTT DOCOMO, Hakuhodo, Ambition DX), merchants, RWA issuers, retail traders, hedge funds, and trading firms globally.
Is Perpetuals.com (Formerly Earlyworks) a public or private company?
Perpetuals.com (Formerly Earlyworks) is a public company. It is classified as public and is currently operating.
When was Perpetuals.com (Formerly Earlyworks) founded?
Perpetuals.com (Formerly Earlyworks) was founded in 2018. It employs 11 to 50 people.
Where is Perpetuals.com (Formerly Earlyworks) based?
Perpetuals.com (Formerly Earlyworks) is headquartered in Tokyo, Japan, in the Asia region.
How does Perpetuals.com (Formerly Earlyworks) make money?
Four revenue lines are on record. Platform Transaction Fees are the primary driver. The others are GLS Licensing, derivative Products and AI Infrastructure Licensing.
Who are Perpetuals.com (Formerly Earlyworks)'s main competitors?
Direct peers on record are Hyperliquid, Ondo Finance, GMX, BitPay and dYdX. Broad incumbents are OKX, Polygon Labs, Bybit and Avalanche. Maple Finance is listed as an emerging player.
Does Perpetuals.com (Formerly Earlyworks) have an API?
Yes. The GLS (Grid Ledger System) EVM API provides Ethereum-compatible blockchain functionality including eth_getBlockByHash, eth_getBlockByNumber, eth_getTransactionByHash, eth_sendRawTransaction, eth_getBalance, eth_getLogs, eth_estimateGas, eth_gasPrice, web3_clientVersion, web3_sha3, and Trace API methods. The API is EVM-compatible and supports standard Ethereum JSON-RPC calls for reading/writing transactions, account information, event logs, chain information, and gas estimation. Developers can interact with the GLS blockchain using standard Ethereum tooling and libraries. Developer documentation is at gls.e-arly.works/en/gls-api.
What industry is Perpetuals.com (Formerly Earlyworks) in?
Perpetuals.com (Formerly Earlyworks)'s product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSAPADAE, Derivatives Trading Venues (perps, futures, options), with a secondary code of FSADAGAA, Perpetual Futures (Perps) Venues & Protocols. Its NAICS code is 523210 and its SIC code is 6200.