Thanks again to our amazing investors and the partners who helped us along the way: . @dragonfly_xyz @room40xyz @SeliniCapital @breed_vc @falconxnetwork @circle_ventures @Paxos @ChorusOne @PolygonVentures @StarkWareLtd @Immutable @DeribitExchange

We are excited to announce our seed financing round, led by @dragonfly_xyz and joined by a host of strategic industry partners including @falconxnetwork, @circle_ventures, @Paxos and @DeribitExchange .

1/ Perpetual swaps are crypto’s preferred way of taking directional risk. Originally proposed in 1992 by economist Robert Shiller, they were re-invented and popularized by BitMEX for exposure to BTC/USD. Another example of crypto reshaping tradfi: tokenized RWA mkts

Arbelos Markets is excited to work together with @grvt_io as they launch their next-generation derivatives trading platform, combining self custody with institutional-grade low-latency systems. We're dedicated to growing derivs liquidity across the industry!

Arbelos is excited to partner with our friends at @BitGo @nonco_otc and @superstatefunds on this novel derivative transaction, backed by yield-bearing collateral held in tri-party custody.

What broke crypto market structure in 2022, and how can we rebuild it together?. Arbelos is working to make bilateral trading safer in crypto. Read more about it in the latest Bloomberg Crypto newsletter:.

Thanks to @jdorman81 & @Arca for having us on this week’s That’s Our Two Satoshis LIVE to dive into our 2025 predictions for DeFi. Watch our conversation on-demand:.

We are happy to support our friends at @PrestoResearch as they explore crypto derivatives market structure in their latest research piece. A lot of valuable insights, including from the founders of @DeribitExchange @tradeparadigm and @Arbelosxyz.

Glad to support innovation in the crypto volatility derivative space driven by @volmexfinance alongside our colleagues at @B2C2Group.

8/ Read our full piece here: Special thanks to @OstiumLabs for exploring this emerging market category with us.

We're seeking partners across the ecosystem who share our enthusiasm for creating new financial products and building towards a sustainable crypto derivatives market – please reach out!.

4/ We explore the weekend dynamics of PAXG as a 24/7 gold oracle. PAXG volume / volatility spike when tradfi sleeps, in effect creating an prediction market for Monday opening price. PAXG shows higher intraday volatility than XAU, with this gap widening during crises

5/ There is wider adoption of RWAs beyond gold and tokenized T-bills. We are witnessing the earliest days of crypto-native economic indicators where:. - PAXG signals safe-haven demand.- Tokenized copper reflects GDP optimism.- Tokenized oil tracks geopolitical instability.

Listen to our own @shiliangtang and @seanbmcnulty as they enjoy a wide-ranging conversation on:. - crypto vol repricing pre- and post-events.- ETH skew term structure.- altcoin overwriting against staked positions.- DOVs and structured products vol supply.- mkt impact of gamma.

Arbelos supports our partner @credoraplatform’s initiative to introduce on-chain credit scores. This development promises greater transparency and new lending applications for borrowers in the DeFi space.

3/ We examine PAXG as a leading indicator through two historical episodes with different mkt reaction functions:. Nov 2022 FTX: PAXG -2% discount as panic drives exit from all things crypto. Apr 2024 Middle East crisis: PAXG +20% premium as crypto traders seek onchain safe haven

7/ There will be ample cross-market arbitrage opportunities in this new paradigm, e.g. XAU/USD perps vs PAXG/USDT spot markets during a weekend crisis. Like funding rates in crypto perps and commodity futures roll yields, RWA perp funding will be an indicator of mkt positioning.

2/ Tokenized RWA trade 24/7 onchain and via CEX, expanding liquidity for traditional commodities. Arbelos and @OstiumLabs are co-publishing this research piece on tokenized gold (PAXG) and examining it as a fresh way to trade the world’s oldest and most durable monetary asset.

Providing real-time transparency and verifiability into our risk profile and balance sheet is key to restoring trust to the bilateral derivatives market. We are merging tried-and-true quant finance techniques with core cryptographic primitives to build our Transparency Engine.

6/ Onchain RWA offer a new kind of prediction mkt with unrestricted access to a global set of investors and speculators, 24/7 trading, and real-time reflection of mkt sentiment. Platforms like @OstiumLabs are pioneering RWA perps, leapfrogging the need for full asset tokenization.

At the same time, a continuous stream of DeFi innovation has created a category of passive liquidity pools and yield products that inherently embed optionality and duration risk.

As a principal trading firm specializing in crypto derivatives, we believe crypto’s emergence as a investable asset class worthy of allocation in global macro portfolios requires a wholesale change in market structure.

By tapping our strong network of counterparty relationships and a deep understanding of market structure, we deliver purpose-built products targeted to the needs of market participants and transfer risk efficiently from those who are looking to hedge to those who want it.

But now more than ever, institutional investors are demanding the types of derivative instruments, hedging programs, and structured products that are employed in more traditional financial markets.

Arbelos is building a new type of capital markets firm that can underwrite the fast-moving crossover risk between crypto’s underlying technologies and the financial markets built on top.

Our industry has always needed trusted liquidity providers and dealers that can properly price, manage and distribute risk across centralized and on-chain venues and amongst the wide spectrum of bilateral market participants.