BlockBeats report, May 19: Ostium, a DeFi perpetual futures trading platform built on Arbitrum, has become the first on-chain platform to integrate Nasdaq’s official data feed and offer perpetual contracts on individual U.S. stocks. Users can trade U.S. stock-related contracts directly through their crypto wallets, gaining 24/7 market exposure.
Ostium noted that the traditional U.S. stock market has long been plagued by geographic restrictions, broker entry barriers, and settlement inefficiencies, while on-chain trading offers a transparent, self-custodied, and instant settlement experience. This collaboration with Nasdaq means Ostium’s stock perpetual contracts will now incorporate "institution-grade official market data."
Data shows that since its launch in 2024, Ostium has achieved a cumulative trading volume of over $5 billion and attracted more than 26,000 users. The platform's current open interest stands at approximately $91.6 million.
Reports indicate that the on-chain "stock perpetuals" market is growing rapidly. Data from Stork Labs shows that stock-related perpetuals accounted for nearly 20% of the RWA perpetuals trading volume last week. Prior to Cerebras's (CBRS) IPO, its on-chain perpetual contract price closely anticipated the Nasdaq opening price.
In addition, this marks Nasdaq’s second foray into on-chain financial infrastructure in the past two months. Previously, Nasdaq partnered with Kraken’s parent company to develop infrastructure for tokenized stock markets, demonstrating that traditional financial giants are accelerating their bets on on-chain securities trading.