Perpetuals.com launches on-prem AI for hedge funds

Perpetuals.com has launched an initiative to deploy an on-premises artificial intelligence platform for fintech and digital assets clients, and has secured an exclusive worldwide licence for the Forgentiq.ai platform in those sectors.

The initiative centres on software designed to run within a client's own systems rather than through a shared cloud service. Perpetuals.com plans to first use the platform internally on its market microstructure data, perpetual futures protocol data and trading strategy intellectual property before offering it to hedge funds, proprietary trading firms and digital asset managers.

The platform is based on technology licensed from Younet AI under a services agreement. Known internally as Forgentiq.ai, it is designed for quantitative research, market analysis and trading strategy development using custom large language models.

Perpetuals.com is targeting a market segment it believes has been underserved by existing AI providers: smaller and mid-sized hedge funds, proprietary trading desks and crypto asset managers that want to use AI tools on sensitive trading data without transferring that information to an external provider.

That positioning reflects a broader tension in financial markets over data control. Trading firms often treat execution records, position data, research signals and portfolio models as core intellectual property, and many have been cautious about using centralised AI systems that require data to be uploaded outside their own infrastructure.

Market Focus

Perpetuals.com framed the opportunity in the context of the hedge fund sector, noting that the world's 20 largest hedge funds managed more than USD $1 trillion in assets in 2024, while more than 11,000 hedge funds operate globally alongside thousands of regulated crypto asset managers.

Once its internal deployment is complete, the company plans to offer the product on a recurring subscription basis. That would shift part of its business toward software licensing revenue from financial firms using the platform within their own environments.

Forgentiq.ai is described as a system of specialised AI agents assigned to specific research tasks. These can include analysing cross-asset correlations, reviewing filings and market news, identifying arbitrage opportunities, modelling portfolio risk scenarios and monitoring on-chain transactions.

The platform also uses retrieval-augmented generation pipelines, a method intended to improve response relevance by drawing on selected source material. A feasibility study, according to the company, confirmed the system's adaptability for quantitative research, trading strategy work and market data science.

Younet AI, the developer behind the platform, has deployed more than 40,000 custom AI agents for clients in legal, software and financial services, according to Perpetuals.com. The licence gives Perpetuals.com exclusive worldwide rights to use Forgentiq.ai in the financial technology and digital assets field.

Internal Trial

The first step will be internal validation. By using the platform on its own datasets and trading-related systems, Perpetuals.com aims to test the software before pursuing external sales to institutional clients.

Later phases could include wider deployment to outside firms and expansion into predictive modelling, backtesting design, transaction data management and portfolio monitoring tools. Those plans remain subject to internal approval processes, including board or shareholder approval for the underlying agreement.

Perpetuals.com is listed on Nasdaq and describes itself as a fintech business developing AI-based trading products and prediction markets across the United States, Europe and Asia. Its existing operations include the Kronos X trading platform and licensed European multilateral trading facility infrastructure.

Patrick Gruhn, chief executive officer of Perpetuals.com, said the company's approach is to keep AI systems within client environments.

"Every basis point of alpha is a competitive weapon - and we're not asking funds to hand that weapon to a third party," Gruhn said. "Our model is simple: we deploy institutional-grade agentic AI directly inside the fund's infrastructure, we sharpen their edge, and we never touch their IP. In this market, the winners aren't the funds with the most data - they're the ones extracting signal from noise faster than anyone else, converting insights into asymmetric returns before the rest of the market prices it in. That's the execution advantage we intend to deliver. Perpetuals.com is positioning itself to be a critical alpha infrastructure layer for the entire fintech and digital assets ecosystem."