Ekiden

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.

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

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 industry

PRIMARYFSAPADAE

Derivatives Trading Venues (perps, futures, options)

Financial & Insurance/Blockchain & Web3/Exchanges, Trading & Liquidity (CEX/DEX, market makers, aggregators)

SECONDARYFSADAAAA

Spot Crypto Exchanges (Order-Book & Matching Engine)

Financial & Insurance/Crypto & Digital Assets/Centralized Crypto Exchanges (CEX) & Brokerages

SECONDARYFSAFANAO

Digital Asset/Crypto Trade Execution Platforms

Financial & Insurance/Financial Exchanges & Market Infrastructure/Trade Execution Platforms

SECONDARYFSADAAAL

Margin Trading & Collateralized Borrowing (Exchange-Operated)

Financial & Insurance/Crypto & Digital Assets/Centralized Crypto Exchanges (CEX) & Brokerages

Keywords

• Decentralized exchange
• Perpetual futures
• Orderbook trading
• DeFi derivatives
• On-chain settlement

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core 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

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature14 records

Partnerships

One partnership is on record.

• Canton NetworkcoreTechnology or IntegrationEkiden 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

Market position

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ekidenfi
• GitHubgithub.com/ekidenfi
• LinkedInlinkedin.com/company/ekidenfi

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ekiden