Edel Finance is preparing to launch Edel Markets, a Canton-native perpetuals venue designed for tokenized equities, commodities and future multi-asset markets.
Announced on July 9, the product follows the rollout of Runway, Edel’s participation platform on Canton Network. Edel Markets is expected to launch later this quarter, with a waitlist currently open.
The venue is being built around four components: private position state, central limit order book execution, native Canton settlement and API-first infrastructure.
Orders will enter through a trading interface or API before passing through the order book, matching engine, and risk and margin checks. Settlement will take place on Canton, while position information will remain visible only to entitled participants.
That privacy model is central to Edel’s decision to build on Canton. Equity and commodity markets operate within disclosure rules, compliance requirements and information barriers that can make publicly visible positions unsuitable for professional participants. Canton is designed to allow transactions to be verified without exposing all associated information across the network.
Edel Markets is intended to extend Canton’s use beyond tokenization and settlement into active trading. Andres Soltermann, who leads Edel’s product vision, said tokenized assets require liquidity, hedging, leverage and private execution in addition to issuance and settlement.
The company is using Runway’s early activity as evidence of demand. According to Edel, the platform attracted nearly 5,000 private-beta users without a public marketing campaign. Its anchor partnership with Canton trading venue Cantex produced daily trading volume approaching $100,000 at its peak.
Edel has also distributed Canton Coin rewards to early users through three separate distributions. Runway’s subsequent public rollout opened the platform to a wider audience.
Markets is one part of Edel’s broader tokenized-equities infrastructure. Edel Lending provides the collateral layer, while Runway provides the participation layer. The planned Edel Vaults product is intended to offer structured exposure, and Edel Markets will add private execution. A partnership with Cansai also enables trading of the Edel token, expanding liquidity options for holders.
Edel’s stated objective is to build infrastructure on which institutional participants, retail users and technology providers can operate across tokenized lending, trading and derivatives without making every position public.
The company is also developing an onchain credit layer through which tokenized stocks can be lent, borrowed and used to generate yield. Its team includes Brad Klaas, formerly global head of securities lending at BlackRock. According to the announcement, Klaas oversaw tens of billions of dollars in lendable assets and worked with prime brokers, custodians and institutional counterparties.
