The Tokyo-based derivatives platform walked away from a potential $15 million deal for AI Financial's payments business, leaving questions about the Trump-connected firm's strategic direction.
Perpetuals.com has withdrawn from plans to acquire Alt5 Sigma Canada, ending negotiations over a business linked to World Liberty Financial, the DeFi venture backed by the Trump family.
The company announced Tuesday that it had terminated a non-binding letter of intent signed last week to evaluate a potential acquisition of Alt5 Sigma Canada and would not proceed with the proposed transaction.
At the time, Perpetuals said it was assessing whether the acquisition could accelerate its growth and strengthen its suite of AI-powered trading products.
The Nasdaq-listed company develops AI-driven trading and prediction market platforms, with operations across the US, Europe and Asia. Its flagship product, UpsideOnly, is designed to provide retail investors with a risk-free trading experience using the company’s proprietary AI technology.
The decision follows World Liberty Financial’s 2025 partnership with ALT5 Sigma, under which the company raised $750 million and used $717 million to purchase World Liberty tokens, a deal that reportedly directed more than $500 million to the Trump family.
ALT5’s stock has since fallen from above $9 to around $0.53 per share.
