Products and tokens
Find the product for the exposure, trading activity or ecosystem participation you need.
Compare the products
Start with the asset you want to hold or the activity you want to perform. Each product has its own mechanics, access rules and risks.
| Product or token | Purpose | What it is not |
|---|---|---|
| Edel Stocks | Contractual economic exposure to a reference asset, issued natively on Canton. | Direct ownership of the underlying shares. |
| Edel Markets | Perpetual futures trading with off-chain execution and asynchronous settlement. | A purchase or delivery of the referenced stock. |
| On-Chain Margin Layer | Planned use of eligible stock tokens as margin for perps. | A live collateral facility implied by token ownership. |
| EDEL | Public ecosystem token across supported public networks. | An Edel Stock, stablecoin or equity in Edel. |
| EDELx | Separate token for Canton-native products. | Automatically interchangeable with EDEL or Canton Coin. |
Stock exposure and perpetual exposure
An Edel Stock provides economic exposure through the issuer’s contractual debt instrument. A perpetual futures position provides trading exposure supported by margin and governed by the venue’s risk rules.
Even when they reference the same market, they remain different instruments with different rights and risks. A stock token can be held without opening a perp; a perp position does not deliver the referenced stock.
How product activity connects to EDEL
Our planned economic model brings together fees from Stocks primary minting and redemption and fees from Markets trading. These are separate activities: trading an existing stock token on a secondary venue does not create a new primary issuance.
Product fees are intended to support EDEL buyback capacity. The allocation, purchase schedule and treatment of repurchased tokens will be defined separately. Read token economics.