February 12 News, decentralized derivatives platform Lighter announced the launch of its first on-chain perpetual contracts linked to major Korean stocks, covering Samsung Electronics, SK Hynix, Hyundai Motor, and the Korea Composite Stock Price Index. Traders can use up to 10x leverage to go long or short without brokers, custodial accounts, or trading hours, and all contracts are settled in cryptocurrencies.
This launch is seen as an important step in integrating traditional finance with on-chain derivatives. Samsung, SK Hynix, and Hyundai Motor hold key positions in the semiconductor, artificial intelligence, and automotive supply chains, with their stock performance closely tied to the global tech and manufacturing sectors. Lighter is bringing these blue-chip stocks onto the blockchain, allowing users to participate directly in the price movements of traditional stock markets just like trading crypto perpetual contracts.
The platform uses a zero-knowledge architecture aimed at reducing trading costs and improving matching efficiency, while preventing the leakage of sensitive on-chain data during execution. As long as margin requirements are met, contracts can be held long-term. This mechanism is highly consistent with the operation of crypto derivatives, but the underlying assets come from the real world.
On the market front, interest in Korean stocks continues to rise. AI-driven demand for storage chips has benefited SK Hynix and Samsung significantly; meanwhile, a rebound in global auto sales provides support for Hyundai Motor’s performance. Some leveraged products focused on semiconductors have achieved returns of 70% to 80% in recent months, indicating strong investor interest in these assets.
At the same time, Korean regulators have approved the launch of 2x leveraged ETFs linked to domestic leading companies, scheduled for 2026, along with investor education programs. In comparison, Lighter’s on-chain perpetual contracts have lower entry barriers, higher leverage, and are not constrained by traditional securities regulations, making them attractive to investors seeking flexible trading options.
As demand for hybrid financial products grows, Lighter is betting on a new model of “stocks + on-chain derivatives.” If user base and liquidity continue to expand, the on-chainization of traditional assets may enter a new development phase.
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