MyPropCapital Introduces Blockchain-Based Transparency System for Trading Evaluations and Trader Rewards

What happened

MyPropCapital Technology Limited launched MyPropCapital, a proprietary trading evaluation platform that records every fee, account rule, pass and reward on Arbitrum One, a public blockchain. Traders can buy a one-step evaluation, trade 298 markets, and check their deal on a public block explorer without logging in.

Confirmed

Global impact / market context

The platform puts trading rules and reward payments on a public blockchain so traders can verify them instead of trusting the firm's word. This may pressure other prop trading firms, which sell evaluations to traders, to offer similar proof, because traders can now compare how transparently each firm records its rules and payouts.

Analyst inference

Prop trading firms earn revenue from evaluation fees and keep costs tied to paying profitable traders. A public record of rules and a company-funded Reward Reserve shifts some trust burden onto blockchain infrastructure, which means the underlying network and visible reserves become part of how traders judge a firm's reliability.

Analyst inference

What to watch

1. MyPropCapital says rewards come from a company-funded Reward Reserve whose balance is public, and that a smart contract, which is self-executing code on a blockchain, sends USDT to the trader's own wallet after the trader signs a request. Confirmed
2. The firm says rules are locked when an account opens: a fingerprint of the rule set is written to the blockchain, and while MyPropCapital can change what it sells later, it cannot change the deal an account already has. Proposed
3. Traders can compare the publicly visible rule fingerprints and Reward Reserve balance against what they were promised, so any gap between advertised terms and on-chain records could shape how much traders trust and use the platform. Analyst inference

Affected assets

• USDT — Tether
• ARB — Arbitrum

Evidence

• financewire.com