MNX Launches Valuation Futures Tied to Four Private AI Companies

MNX launched futures tied to the valuations of four private artificial intelligence companies, giving traders a way to take positions on OpenAI, Anthropic, DeepSeek and Moonshot without owning shares.

The decentralized exchange, built on MegaETH and developed separately from Manifold Markets, introduced the contracts Tuesday. Each expires at 6:59:59 p.m. ET (11:59:59 p.m. UTC) on Dec. 31, 2027.

The contracts do not use periodic funding payments. Instead, they settle under published valuation rules that rely on qualifying funding rounds, fund valuations or secondary-market transactions when a company remains private. MNX may determine the settlement price as a last resort.

Initial margin is set at 33⅓%, allowing roughly three times maximum exposure before other limits apply. The product expands crypto-market access to private-company valuations, an area where shares are typically difficult to trade and price.

MNX’s launch comes as crypto exchanges develop instruments linked to assets and markets outside traditional public equities. The contracts remain tied to valuation outcomes rather than ownership of the underlying companies.