Ekiden has deployed a derivatives exchange on the Canton Network mainnet designed for institutional participants including funds, banks and market makers.

Product architecture and privacy model

The platform integrates CLOB (central limit order book), RFQ and PropAMM liquidity models into a single execution venue focused on institutional workflows.

Trades can be executed and settled on-chain while preserving confidentiality: the system prevents disclosure of positions, order details and capital flows during the full lifecycle of a transaction.

Early market activity

During the first week of the public testnet, Ekiden recorded more than 72 000 executed trades and approximately $8.9 million in reported trading volume.

Initial liquidity support has been provided by third-party market makers, including Keyrock, Kappa Lab and Flowdesk, which have integrated with the order book and AMM layers.

Funding and purpose

Prior to mainnet launch, the project raised $2 million aiming to build institutional-grade infrastructure for on-chain derivatives, including custody, settlement and execution tooling.

Ekiden positions the exchange to serve regulated counterparties and professional trading desks that require both order-book functionality and transaction privacy on a permissioned settlement network.