Road Town, British Virgin Islands — Carbon, an on-chain prime brokerage platform, has launched public trading for a suite of more than 250 TradFi markets, joining its existing inventory of 530+ crypto perpetuals and 150 24/7 real-world assets. The company says the combined offering now provides access to in excess of 950 tradeable instruments in a single account.
Carbon’s model routes each TradFi position opened on-chain through a 1:1 hedge executed at regulated TradFi venues. Traders keep assets in their own wallets while Carbon’s solver architecture arranges the off-chain hedge using established brokers. According to Carbon, pricing and market depth are taken directly from the underlying venues rather than being constructed from on-chain order books.
Why Carbon says this matters
Carbon frames its design as a solution to the so-called cold-start problem that has hindered the growth of real-world assets on-chain. Because each Carbon TradFi market is backed by a corresponding off-chain hedge, markets open with institutional-scale depth immediately, rather than relying on incentives or time to draw liquidity. The company emphasizes that there is no per-market incentive program required to seed order books and traders do not need to wait for liquidity to accumulate.
Traders can access both market types from one account. Carbon’s 24/7 RWA listings are aimed at those seeking around-the-clock trading access, while Carbon TradFi instruments follow the trading hours of their underlying markets and carry financing rates that come from those venues. There are roughly 30 assets listed in both formats, enabling a trader to hold a position in one listing against the other and capture the spread between the two financing rates without leaving the same account.
Coverage and market scope at launch
- 200 stocks spanning US, EU, and Asia markets
- 62 forex pairs
- 12 indices
- 8 commodities
Carbon says it can list a trending instrument within the same week it begins moving in Seoul, Tokyo, or Hong Kong — a speed the company attributes to having off-chain rails that order-book-native venues lack. The company also notes that a further 150 listings are scheduled.
Carbon highlights the scale of the market it connects to, noting that traditional finance clears more than $1.5 trillion daily in contracts for difference (CFDs) across thousands of markets, liquidity that previously had no direct route to on-chain settlement.
Carbon Liquidity Provider (CLP) vault
The launch makes the Carbon Liquidity Provider vault available for public deposits. The CLP is described as a delta-neutral yield product that funds the hedge behind trader flow rather than taking directional exposures. The CLP earns from the spread between on-chain demand and off-chain liquidity.
Carbon provides modeled illustrative APY figures for the CLP: 20.3% at launch utilization and 57.1% at maturity, with actual returns dependent on trading flow and capital utilization.
Company statements
"Traders have had to choose between the assets they want and the execution they need. Carbon ends that trade-off. Every position is hedged into the deepest liquidity in the world and settles in the trader’s own wallet, with 950+ markets in a single account. This is what global markets look like when they finally arrive on-chain properly." - Levy, Co-founder and CEO of Carbon
"One of the biggest challenges for bringing traditional financial assets onchain has been delivering deep liquidity. Carbon is operating an architecture that connects onchain trading with established market infrastructure while preserving self-custody. We want Arbitrum to be home to teams building this next generation of financial infrastructure" - David Garcia, Ecosystem Lead at Arbitrum Foundation
Operational and historical context provided by Carbon
Carbon reports it has been live since 2023 and has processed more than $20 billion in cumulative trading volume across over 36,000 unique traders. The platform runs on Arbitrum, and users interested in more information are directed to carbon.inc.
For institutional or media inquiries the company lists contact information: Rens, Carbon, [email protected].
Takeaway
By combining TradFi-hedged instruments, crypto perpetuals, and 24/7 RWAs in one on-chain venue, Carbon positions itself as a conduit between established off-chain liquidity and self-custodial on-chain settlement. The offering emphasizes immediate institutional depth at listing, continuous access for RWA traders, and a delta-neutral liquidity product that monetizes the difference between on-chain demand and off-chain supply.