Sphinx teams up with Truflation to revolutionize perpetuals for real-world assets (RWAs)

Did you know that you can bet on the price movements of assets without actually owning them? Thanks to perpetual swaps, traders can speculate indefinitely, and now, this once-niche financial tool is gaining traction in real-world markets. In a bold move, two blockchain giants are bringing this powerful trading mechanism to real-world assets, unlocking new opportunities in sectors like electric vehicles and renewable energy.

Truflation, a top player in real-world asset indices, today announced it has partnered with Sphinx, a leading derivatives trading platform. Together, they aim to bring more value to users by combining Sphinx’s blockchain-based commodities trading system with Truflation’s real-time inflation data.

Perpetual swaps are a type of financial tool that lets traders bet on price changes of assets without actually owning them. Unlike traditional futures, these swaps don’t have an expiration date, so traders can keep their positions as long as they want. Now, two major blockchain companies are teaming up to bring perpetuals to real-world assets (RWAs).

With growing interest in electric vehicles (EVs), renewable energy, and modern commodities like lithium and silicon, this partnership will offer trading opportunities through futures, options, and perpetual swaps, all backed by Truflation’s live data. Commenting on the partnership, Stefan Rust, CEO of Truflation said:

“Truflation has been leading the way developing cutting edge indices such as the Truflation EV Index, which tracks the prices of key commodities, providing key insights into production and supply dynamics of the EV market, and a reliable benchmark for tracking essential component price movements.”

Greg Perrin, CEO of Sphinx, adds, “This partnership allows Sphinx to expand its offering with derivatives trading for a wide range of sought-after assets, pushing the energy sector forward. Combining Truflation’s data with Sphinx’s trading infrastructure opens new doors for traders and hedgers alike.”

They’ll be hosting an AMA on X on October 9th at 17:30 CET to share more about this partnership and answer community questions. You can learn more on X Spaces.

Truflation is leading the charge in real-time, decentralized financial data. Their platform tracks over 20 million items through partnerships with 80+ data providers, making crucial financial info easily accessible and transparent, so users can make smarter decisions instantly.

Sphinx is reshaping energy derivatives trading with its cutting-edge platform, offering futures, options, and perpetual swaps for energy assets. By delivering fast settlements and global market access, Sphinx sets a new benchmark for efficient and accessible energy trading.