Ekiden
Ekiden is a Lisbon-based decentralized perpetual futures exchange on Canton Network that combines off-chain CLOB matching with on-chain Merkle-proof settlement, targeting professional and institutional DeFi traders with sub-15ms execution and a maker-taker fee model.
- Company typePrivate
- Founded2025
- HeadquartersLisbon, Portugal
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Ekiden does
Ekiden is a Lisbon-headquartered blockchain startup founded in 2025 that builds a decentralized hybrid exchange targeting professional and institutional DeFi traders. The platform combines an off-chain Central Limit Orderbook (CLOB) with deferred on-chain settlement using Merkle-based proofs on Canton Network, supporting perpetual futures today with spot trading planned. It reports 5–15ms execution latency and 200,000 orders per second per market throughput via a three-layer architecture (Client, Infrastructure, Smart Contract), with non-custodial vault-based collateral and Ed25519-signed REST/WebSocket APIs plus TypeScript and Rust SDKs.
The product surface includes a core perpetuals exchange, a Market Maker Gateway on port 3010, an Insurance Pool with auto-deleveraging, an XP loyalty/referral points program, and a VIP Program with volume-tiered fees ranging from a 0.05%/0.02% taker-maker baseline down to 0.01% taker and a -0.0050% maker rebate at the $1B+ 30-day volume tier, stacked with per-market maker-share rebates. Revenue is exclusively transaction-fee based, denominated in USDC collateral.
Go-to-market is product-led and self-serve via the app.ekiden.fi web app and APIs, with a public testnet currently live; there is no direct sales force, and institutional or market-maker support is handled through Discord. The company closed a €1.7M seed round at a €17M post-money valuation in 2026 (led by P2 Ventures and Unicorn Factory Ventures with GSR, Pyth, Aptos, LayerZero, Cube Exchange, Avail, Chorus One participating), and is in pre-revenue stage.
Ekiden firmographics
Firmographics- Name
- Ekiden
- Legal name
- Ekiden
- Website
- https://ekiden.fi
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ekiden is a Lisbon-based decentralized perpetual futures exchange on Canton Network that combines off-chain CLOB matching with on-chain Merkle-proof settlement, targeting professional and institutional DeFi traders with sub-15ms execution and a maker-taker fee model.
- Ownership category
- akta.pro rank
Ekiden industry classification
Industry- Product category
- Decentralized Exchange
- NAICS
- Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Derivatives Trading Venues (perps, futures, options) (FSAPADAE)
- akta.pro secondary industries
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL)
Keywords
Where Ekiden is headquartered
LocationHeadquarters
- HQ city
- Lisbon
- HQ country
- Portugal
- HQ region
- Europe
Offices1 record
Markets served
Ekiden business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Trading Fees (Maker-Taker Model): Ekiden charges trading fees using a standard maker-taker model. Taker fees range from 0.0500% (baseline) down to 0.0100% at the highest volume tier ($250M+ 30-day volume). Maker fees start at 0.0200% and decrease to 0.0000% at $100M+ volume, then turn negative (rebates) at $250M+ and $500M+ tiers. Negative maker fees represent rebates paid to high-volume liquidity providers. Market share rebates stack on top of volume-based maker fees for dominant market makers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | $0+ volume: 0.0200% maker / 0.0500% taker |
| Transaction based/ take rate | Pay-as-you-go | $2.5M+ volume: 0.0150% maker / 0.0450% taker |
| Transaction based/ take rate | Pay-as-you-go | $5M+ volume: 0.0125% maker / 0.0400% taker |
| Transaction based/ take rate | Pay-as-you-go | $10M+ volume: 0.0100% maker / 0.0350% taker |
| Transaction based/ take rate | Pay-as-you-go | $20M+ volume: 0.0075% maker / 0.0300% taker |
| Transaction based/ take rate | Pay-as-you-go | $30M+ volume: 0.0050% maker / 0.0250% taker |
| Transaction based/ take rate | Pay-as-you-go | $50M+ volume: 0.0030% maker / 0.0200% taker |
| Transaction based/ take rate | Pay-as-you-go | $75M+ volume: 0.0015% maker / 0.0150% taker |
| Transaction based/ take rate | Pay-as-you-go | $100M+ volume: 0.0000% maker / 0.0125% taker |
| Transaction based/ take rate | Pay-as-you-go | $250M+ volume: -0.0015% maker / 0.0100% taker (maker earns rebate) |
| Transaction based/ take rate | Pay-as-you-go | $500M+ volume: -0.0030% maker / 0.0100% taker (maker earns larger rebate) |
| Transaction based/ take rate | Pay-as-you-go | $1B+ volume: -0.0050% maker / 0.0100% taker (max maker rebate) |
| Transaction based/ take rate | Pay-as-you-go | Market share rebates: >=0.5% maker share earns -0.001%, >=1.0% earns -0.002%, >=3.0% earns -0.003% |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels8 records
Ekiden product offering
Product offeringCore offering
Ekiden is a non-custodial, orderbook-based decentralized exchange built on the Canton Network that combines an off-chain Central Limit Order Book (CLOB) with deferred on-chain settlement. It supports spot and perpetual futures markets with cross/isolated margin, an insurance pool and ADL mechanism, and exposes professional trading infrastructure via REST/WebSocket APIs and SDKs. The platform is designed for institutional and professional algorithmic traders while also offering a simplified retail UX.
Product overview
Ekiden is a Lisbon-based blockchain startup offering Ekiden Exchange, a decentralized perpetual futures exchange built on Canton Network that combines off-chain Central Limit Orderbook (CLOB) matching with deferred on-chain Merkle proof settlement. The core exchange provides institutional-grade trading infrastructure for digital assets with 5-15ms execution latency. The platform includes a complete trading API with TypeScript and Rust SDKs, a VIP Program for volume-based fee tiers with maker rebates up to -0.005%, and an XP Points Program for gamification with referral bonuses across three levels. Additional modules include Market Maker Integration for professional liquidity providers, Vaults & Self-Custody for secure non-custodial asset management, and an Insurance Pool with ADL risk management system. The exchange targets professional and institutional users with support for cross and isolated margin modes.
Differentiator
Problem solved
Functional benefit
Products and services
- Ekiden Exchange Non-custodial, orderbook-based decentralized exchange built on the Canton Network that combines an off-chain Central Limit Order Book with deferred on-chain settlement, supporting spot and perpetual futures trading with cross and isolated margin, an insurance pool with ADL, and a simplified retail web UI. Targeted at institutional algorithmic traders, professional quant traders, and retail DeFi traders.
- Market Maker Gateway API Dedicated programmatic gateway for institutional crypto market makers providing real-time portfolio and PnL exposure, integrated with Ekiden's orderbook and settlement infrastructure. Built for professional liquidity providers operating on the Ekiden exchange.
Quantifiable outcome
- Execution latency of 5–15ms, competitive with leading centralized exchanges
- +3 more outcomes
Companies that use Ekiden
Customer profileSegments4 records
Ideal customer profiles3 records
Ekiden technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature14 records
Ekiden partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Canton NetworkcoreEkiden is built on the Canton Network blockchain. Canton provides the on-chain settlement layer where Ekiden's smart contracts (Orderbook Verifier, Clearinghouse, Position Registry, Vaults) run. This is the foundational blockchain infrastructure powering Ekiden's deferred on-chain settlement and trustless finality.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Ekiden competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Ekiden social profiles
Digital presenceEkiden financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ekiden leadership team
Management profileNumber of profiles
Profiles1 record
Ekiden funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ekiden M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ekiden
What does Ekiden do?
Ekiden is a non-custodial, orderbook-based decentralized exchange built on the Canton Network that combines an off-chain Central Limit Order Book (CLOB) with deferred on-chain settlement. It supports spot and perpetual futures markets with cross/isolated margin, an insurance pool and ADL mechanism, and exposes professional trading infrastructure via REST/WebSocket APIs and SDKs. The platform is designed for institutional and professional algorithmic traders while also offering a simplified retail UX.
Is Ekiden a public or private company?
Ekiden is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ekiden founded?
Ekiden was founded in 2025. It employs 11 to 50 people.
Where is Ekiden based?
Ekiden is headquartered in Lisbon, Portugal, in the Europe region.
How does Ekiden make money?
One revenue line is on record: trading Fees (Maker-Taker Model).
Does Ekiden have an API?
Yes. Ekiden offers a unified, high-throughput REST and WebSocket API that connects to both the off-chain central limit order book (CLOB) for matching and execution, and the on-chain settlement layer on Canton. The REST API handles order execution, cancellation, market data, and account management. WebSocket streams provide real-time updates including trade events, order book changes, and fills. SDKs are available in TypeScript (ekiden-sdk-typescript for Node.js and browser) and Rust (ekiden-sdk-rust for high-performance, low-latency applications). Authentication uses Ed25519 signature-based JWT tokens or API-key authentication. Rate limits are 100 requests per 10 seconds globally for REST. Public endpoints require no auth; private endpoints require bearer token or API-key signature authentication. Developer documentation is at docs.ekiden.fi.
What industry is Ekiden in?
Ekiden's product category is Decentralized Exchange. Its primary akta.pro industry code is FSAPADAE, Derivatives Trading Venues (perps, futures, options), with a secondary code of FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine). Its NAICS code is 523210 and its SIC code is 6200.