What is Sphinx Protocol?

Sphinx is an institutional commodity derivatives exchange built on its own permissioned Layer 1 blockchain. It offers access to futures, options, and perpetual swaps for commodities such as oil, gas, and electricity. The platform uses atomic settlement and supports cross-asset margining. Trading processes include order matching, execution, clearing, settlement, and trade netting, with the aim of reducing operational complexity and associated costs. The system is intended for integration with institutional trading infrastructure.