DeepSigma has unveiled a decentralized perpetual futures trading platform with a live paper-trading demo covering 77 real-world asset markets, including U.S. stocks, indexes, commodities and Treasury yields. According to the company's October 13 announcement shared with crypto.news, the exchange runs on the Cypherium Layer 1 blockchain and has been developed by a team with experience at Goldman Sachs, Citadel Securities, Google and Uber. The platform is designed to bring crypto-style perpetual futures trading to traditional financial assets without requiring traders to own the underlying securities or commodities. As reported by TradingView News, the platform is being built to bring the perpetual futures model that has grown rapidly in crypto to traditional financial markets, with the company working with specialized digital-asset counsel and viewing regulatory readiness as a market-entry advantage rather than an issue to address after achieving scale.
The current demonstration covers several categories of traditional financial instruments, with major U.S. equities among the available markets. As reported by crypto.news, index contracts track the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Russell 2000 and VIX. Traders can access paper-trading markets linked to S&P sector exchange-traded funds, along with commodities such as WTI and Brent crude oil, gold, silver, natural gas and copper. U.S. Treasury yields form another category of supported contracts. Unlike cryptocurrency markets, which generally operate around the clock, traditional exchanges close overnight, during weekends and on certain holidays, creating difficulties for perpetual futures contracts that remain open. According to TradingView News, DeepSigma's technical architecture is being designed around those differences, with the platform using a central limit order book model and a clearing layer responsible for positions, collateral, margin and settlement.
DeepSigma's infrastructure accounts for traditional market differences through a risk management system that uses pricing data from multiple external sources. According to the announcement, the proposed safeguards include mark-price calculations designed to limit short-term price manipulation, position limits, exposure controls and circuit breakers. Partial liquidation mechanisms are intended to reduce positions when margin requirements are breached, while an insurance mechanism is being developed to handle stressed market conditions. As reported by TradingView News, the company's CEO Sky Guo emphasized that "The hardest part of bringing real-world assets on-chain isn't creating another market symbol. It's making sure the market still behaves sensibly when the underlying asset is closed, liquidity disappears or an external price moves sharply." The platform uses a central limit order book, supported by a separate clearing layer responsible for positions, collateral, margin and settlement. According to its technical whitepaper, DeepSigma plans to offer perpetual contracts with no expiration dates, using funding rates, oracle-based mark prices and an order book.
As part of its regulatory preparations, DeepSigma is developing a decentralized identity system that would allow users to prove they meet trading requirements without disclosing their personal information publicly on the blockchain. As reported by crypto.news, the proposed system uses zero-knowledge proofs to verify eligibility while keeping the underlying identity data private. The company describes this approach as 'prove eligibility, not identity,' with the goal of combining regulatory compliance with the privacy features of decentralized trading. According to TradingView News, this approach forms part of DeepSigma's broader strategy of designing around U.S. regulatory frameworks from the beginning while preserving as much of the privacy and user control associated with decentralized markets as possible. The company has not disclosed a date for the full trading launch or specified which U.S. regulatory approvals it intends to seek.
DeepSigma's underlying infrastructure runs on Cypherium, an open, permissionless Layer 1 blockchain founded by Sky Guo. According to the announcement, Cypherium combines Proof-of-Work with a Byzantine Fault Tolerant consensus mechanism derived from HotStuff. The network has been designed to process hundreds of thousands of transactions per second to support high-frequency financial activity. Cypherium holds four granted U.S. patents covering blockchain consensus and related technology: U.S. Patent Nos. 12,443,569; 11,907,174; 11,516,006; and 11,411,721. The company's leadership includes Albert Xu as chief financial officer, Chaoran Wang as chief technology officer and Jenny Chen as chief quant director. Xu previously worked as a fixed income, currencies and commodities portfolio manager at Goldman Sachs, while Wang is a former engineer at Google and Uber who founded quantitative trading firm UmiUmi. As reported by TradingView News, Guo previously co-authored DLT Options for CBDC with Thomas Moser of the Swiss National Bank and has spoken at the United Nations Headquarters and Nasdaq. Beyond trading infrastructure, DeepSigma is developing an AI market analysis desk and natural-language assistant to help traders assess macroeconomic developments, earnings, interest rates and other market-moving events.
