The commodity market for AI compute

AI compute,
but tradeable.

Tradeable credits connecting GPU datacenters, traders, and AI companies. Owned underlying for credibility. Partner-supplied scale.

Exascale AI Index
$1 = 1,002.4 AI credits▲ 0.18% (24h)
Last print 16:00 UTC · Next in 3h 24m
The problem

There needs to be a market for compute. No solution yet.

Larry Fink · CEO, BlackRock · 2026

$200B+

Annual global GPU compute spend, untraded.

5–10×

Spread between reserved and spot pricing.

0

Functioning venues for AI compute as an asset class.

How it works

Three sides. One venue.

— EXASCALETrading venue— SUPPLYGPU datacentersOwned + partner capacity— LIQUIDITYTradersProp firms · hedge funds · MMs— DEMANDAI companiesFrontier labs · enterprisesList idle creditsReceive paymentBuy credits aheadRedeem for computeProvide liquidityEarn spread + maker rebates
Supply

GPU datacenters

List unused capacity for sale as standardized credits. Cryptographic SLA receipts on every listing.

  • Owned datacenter (H100 / H200)
  • Partner neoclouds at scale
  • Per-second metering
Liquidity

Traders

Prop firms, commodity hedge funds, and quant desks bring price discovery to an asset class that hasn't had any.

  • Maker-taker fee schedule
  • Paper trading from day one
  • Surveillance + market integrity
Demand

AI companies

Frontier labs, mid-market AI, and financial-services teams hedge spend ahead of need. Redeem for real compute.

  • Lock in cost months ahead
  • OpenAI-compatible inference
  • Treasury-grade reporting
The products

One venue. Three
integrated layers.

Trading layer

Order book.
Market maker.
Daily index.

AI credits and GPU credits as tradeable instruments. Maker-taker fees, volume-tiered. Surveillance from day one.

Explore the trading layer →
PriceSizeTotal
1010.4128.4128.4
1009.2186.0314.4
1008.0298.7613.1
1006.5421.31,034.4
1004.8529.11,563.5
1,002.4 spread 0.20%
1000.4498.2498.2
999.8412.8911.0
998.1285.51,196.5
996.7170.11,366.6
994.2114.01,480.6
Inference layer

Curated SoTA models.
OpenAI-compatible API.

Top 3–5 open models per category — text, speech, image, video, niche. Multi-tenant per GPU. Quarterly catalog refresh.

Read the API docs →
POST https://api.exascale.com/v1/chat/completions
Authorization: Bearer ex_live_...
Content-Type: application/json

{
  "model": "meta/llama-3.3-70b",
  "messages": [
    { "role": "user", "content": "Summarize..." }
  ]
}

→ 200 OK · 412 ms · 1,284 tokens · 1.55 text credits
Compute layer

H100 / H200 capacity.
CLI-first. Free egress.

Owned datacenter underlying for trade settlement. Per-second metering. Pay with credits or cash. No region lock-in.

Browse instance types →
$ exascale instances launch \
    --type   h100.8x \
    --hours  24 \
    --pay-with credits

 Reserved · 8 × H100 80GB · TYO-1
  Hourly         $2.99 / GPU-hr
  Estimated cost $574.08 → 5,710 H100 credits
  SSH ready in   ~ 90s

 Connected   ssh ubuntu@ex-h100-tyo1-04.exascale.com
The Exascale AI Index

The price of AI compute,
published daily.

An audited, methodology-public reference index. Trimmed mean across constituent venues with volume floors and ECP attestation.

EXASCALE AI INDEX · 365D
1.0024 ▲ 0.18%
View methodology →
— Index
1.0024
19 May 2026
— Current
1.0024
— Yesterday
1.0006
— 7d
−0.42%
— 30d
+2.31%
— YTD
+4.18%
Built for

Three audiences.
One product.

For traders

Maker-taker fees from 1% / 0.5% down to 0.10% / 0.00% above $1B notional. Paper trading from day one; real money in v1.5.

  • Maker rebates on volume tiers
  • FIX gateway (Q3 2026)
  • Level-2 market data, 25ms tick
  • Cross-venue arbitrage routing
Fee schedule →

For AI companies

Buy credits ahead, redeem for actual compute or inference. Multi-currency (USD, JPY). Bulk procurement with treasury controls.

  • Bulk credit purchase with NET-30
  • OpenAI-compatible API, drop-in
  • Free egress, no region lock-in
  • Per-team spend caps + reporting
Talk to enterprise sales →

For datacenter partners

Monetize idle reserved capacity. Standardized credit issuance with cryptographic receipts. Settlement via existing payment rails.

  • Market access on day one
  • Per-instance utilization API
  • Custodial credit issuance
  • Pay-outs USD, JPY, stablecoin (v2)
Partner program →
— Security SOC 2 Type I path · Annual audits
— Index Methodology audited externally
— Market integrity Surveillance from day one
— Anchor partner UBS Japan · Financial services

Open an account
in 5 minutes.

Paper trading available immediately. Real-money trading in v1.5 with full KYC. Bring your own custody at launch.

GUIDED TOURSee the venue your way