PM MTF Ltd

PM MTF Ltd is a Cyprus-registered company that operates a Multilateral Trading Facility (MTF) under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC). The company is part of the Perpetuals.com group, a financial technology firm that bridges traditional financial markets with blockchain-based infrastructure. According to public records, PM MTF Ltd was incorporated in Cyprus on 9 October 2023, with its registered office in Nicosia.

The entity holds a CySEC CIF licence (no 458/25) with Authorised status, which permits it to operate a regulated trading venue. The licence is relatively new, reflecting the company's recent entry into the regulated European trading space. PM MTF Ltd is distinct from its parent company, Perpetuals.com Ltd., which is listed on NASDAQ under the ticker PDC and headquartered in Tokyo.

PM MTF Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission under licence number 458/25. The licence is classified as a CIF (Cyprus Investment Firm) licence, and the company's status is listed as Authorised. This means the firm is permitted to provide investment services within the European Economic Area under the MiFID II framework.

The company's regulatory footprint extends beyond the MTF licence itself. Perpetuals.com has publicly stated that its CySEC-regulated MTF has received approval to expand its MiFID II licence to include 'Reception and Transmission of Orders and Execution of Orders on Behalf of Clients.' This expansion positions PM MTF Ltd as a vertically integrated venue for leveraged crypto products across the EEA, eliminating the need for separate brokers or clearing houses.

As a Multilateral Trading Facility, PM MTF Ltd operates a trading venue that brings together multiple buyers and sellers. The company's rulebook, published in July 2025, outlines the operational framework for its derivative and securities markets. The venue supports trading in a range of financial instruments, including spot crypto, perpetual futures, options, swaps, tokenized stocks, barrier certificates, and Pre-IPO contracts.

The trading venue operates 24/7, 365 days a year, with self-clearing settlement on an internal blockchain. This structure is designed to eliminate traditional market closures and overnight settlement delays. The company claims to be the first European MTF to offer direct client execution for crypto derivatives, a feature that distinguishes it from traditional exchanges.

PM MTF Ltd appears to target both retail and professional traders, as well as institutional participants. The company's rulebook distinguishes between retail and wholesale (professional) clients, and its trading solutions are marketed as institutional-grade. The venue offers direct market access with low-latency execution, and its technology is available as a white-label solution for banks, brokers, and fintechs.

For retail traders, the platform provides access to a wide range of crypto and tokenized assets, with the convenience of a single regulated venue. For institutional clients, the company offers colocation options and dedicated data centers in Germany and the U.S. West Coast. The company's marketing emphasises the elimination of margin complexity and the ability to trade without boundaries.

Public information about PM MTF Ltd is relatively limited, given its recent establishment. The company's official website, mtf.perpetuals.com, provides access to its rulebook, fees, and policies, including a conflicts of interest policy. The parent company, Perpetuals.com, maintains a more extensive web presence with details about its technology and services.

Industry databases list PM MTF Ltd as an active CySEC-regulated firm, but independent user reviews are scarce. This is not unusual for a newly licensed entity, but it means that traders considering the platform should exercise due diligence. The company's regulatory status with CySEC provides a baseline level of oversight, but the lack of a long operational history is a factor to consider.

While PM MTF Ltd holds a valid CySEC licence, the company's risk profile is shaped by several factors. The licence number 458/25 is recent, and the company's operational track record is short. Additionally, the company's focus on crypto derivatives and tokenized assets introduces a higher level of volatility and regulatory complexity compared to traditional financial instruments.

FXCanary's Scam Risk Score for PM MTF Ltd is 34 out of 100, indicating a 'Guarded' risk level. The primary risk flag is the lack of a verifiable website or social-media presence for the specific entity, although the parent company's website is active. This is a cautionary signal, as a legitimate regulated firm typically maintains a clear online presence. Traders should verify all details directly with CySEC and the company before engaging.