Nasdaq Takes On-Chain Stock Trading a Step Further: DeFi Platform Ostium Integrates Official Data Feed, Launches Perpetual Contracts Linked to US Stocks

BlockBeats News, May 19th, the Arbitrum-based DeFi perpetual contract trading platform Ostium has become the first to integrate the Nasdaq official data feed, providing on-chain trading of perpetual contracts for individual US stocks. Users can directly trade stock-related contracts through their crypto wallets, gaining access to a 24/7 round-the-clock market.

Ostium stated that the traditional US stock market has long faced issues such as regional restrictions, brokerage thresholds, and settlement inefficiencies, while on-chain trading can offer a transparent, self-custodial, and instant settlement experience. This collaboration with Nasdaq signifies that Ostium's stock perpetual contracts will introduce "institutional-grade official market data."

Data shows that since its launch in 2024, Ostium's cumulative trading volume has exceeded $50 billion, with over 26,000 users. The current platform's open interest in contracts is approximately $91.6 million.

Reports indicate that the on-chain "stock perpetual contract" market is rapidly expanding. According to Stork Labs data, stock perpetual contracts accounted for nearly 20% of the RWA perpetual market trading volume last week. Prior to the Cerebras (CBRS) IPO, the price of its on-chain perpetual contract had early accurately reflected the Nasdaq opening price.

Furthermore, this marks Nasdaq's second foray into on-chain financial infrastructure in the past two months. Previously, Nasdaq had collaborated with the parent company of Kraken to develop tokenized stock market infrastructure, demonstrating that traditional financial giants are accelerating their bet on on-chain securities trading.