Carbon, an on-chain prime broker focused on global markets, announced the public availability of trading in over 250 Carbon TradFi markets covering equities, indices, forex pairs and commodities. Each position is matched one-to-one at regulated traditional finance venues. The addition positions Carbon as the largest TradFi-native on-chain derivatives venue currently operating.

Together with more than 530 crypto perpetuals and 150 real-world asset markets that trade around the clock, the platform now supports in excess of 950 tradeable instruments within one account. Traders open positions on-chain from their own wallets. Carbon’s solver architecture then hedges those positions one-to-one at a regulated broker off-chain. Participants retain self-custody while receiving pricing and depth drawn directly from the underlying traditional markets rather than from separately bootstrapped on-chain order books.

Institutional Depth From the First Day of Listing

The design addresses the liquidity cold-start issue that has limited many real-world asset markets on-chain. Because depth is inherited from established venues, every Carbon TradFi market launches with full institutional liquidity on day one. No separate incentive programs are required to attract liquidity providers, and there is no accumulation period before markets become viable.

Carbon offers two complementary approaches. Its 150 continuous real-world markets remain open at all hours for traders seeking constant access. The new 250-plus Carbon TradFi markets follow conventional session hours and incorporate carry costs taken from the underlying instruments, delivering institutional depth alongside more predictable holding costs. Approximately 30 assets appear in both formats, enabling traders to hold opposing positions and capture differences in financing rates without transferring funds between accounts.

Traditional finance venues clear more than $1.5 trillion daily in contracts for difference across thousands of markets. Until now that liquidity lacked a direct on-chain pathway.

Launch Coverage and Expansion Plans

At opening, Carbon TradFi markets include 200 stocks drawn from United States, European and Asian exchanges, 62 forex pairs, 12 indices and 8 commodities. The platform can introduce a newly trending name within the same week it begins attracting attention in Seoul, Tokyo or Hong Kong. That speed is possible because Carbon relies on existing off-chain infrastructure rather than building order-book liquidity from scratch. A further 150 listings are already scheduled.

Liquidity Provider Vault Opens to Public Capital

The launch coincides with the public opening of the Carbon Liquidity Provider vault. The product operates on a delta-neutral basis: it supplies capital that funds the hedges supporting trader flow rather than taking directional market exposure. Returns are generated from the spread between on-chain demand and off-chain liquidity costs. Modeled annualized yields are presented as illustrative and range from 20.3 percent at initial utilization levels to 57.1 percent at higher maturity utilization, varying with trading volume and capital deployed.

Platform Background

Carbon has operated since 2023 and reports cumulative trading volume above $20 billion across more than 36,000 unique traders. The protocol runs on Arbitrum and combines crypto perpetuals with the newly expanded Carbon TradFi offering under a single interface. Its solver system links on-chain activity to institutional liquidity through bilateral one-to-one hedging, aiming to deliver conventional market depth and stable carry costs while maintaining on-chain settlement and user self-custody.