Derivatives on AI infrastructure.
Cash-settled futures and options on GPU hardware, settling against the Stoa Index. Hedge exposure, take positions, and manage risk without physical delivery.
GPU price exposure, without hardware.
We are designing cash-settled contracts on AI infrastructure assets. Hedge depreciation risk, take positions on GPU pricing, and manage hardware exposure, all settling against the Stoa Index.
Who needs GPU derivatives.
Lenders and Credit Funds
GPU-backed loans carry collateral depreciation risk. Lenders can hedge the value of GPU collateral using put options, protecting against sudden price drops while maintaining loan exposure.
Hedge Funds and Trading Firms
GPU hardware is emerging as a new asset class. Funds can take long or short positions on GPU prices, trade volatility, or construct relative value trades across hardware generations.
Data Centers and Operators
Operators with large GPU fleets face depreciation risk as new hardware generations launch. Futures allow operators to lock in future residual values, converting uncertain depreciation into a known cost.