The firms are working on an institutional derivatives platform that would allow eligible real-world assets to be used as collateral for trading, linking on-chain markets with clearing infrastructure.
Monolith has partnered with Ascend to develop an end-to-end solution for institutional commodity derivatives in the US, combining Monolith’s perpetual futures trading venue with Ascend’s clearing infrastructure. The cash-settled contracts are designed to provide continuous exposure to energy benchmarks Monolith is developing an on-chain derivatives venue, with energy and commodity perpetual futures among its initial areas of focus. The cash-settled contracts are designed to