Crypto exchange Bitget has introduced the industry’s first
Real-World Asset (RWA) Index Perpetual Contract, opening trading on tokenized
equities and other traditional assets through its futures platform. The product
went live on August 20.
First Contracts Cover Tokenized Stocks
The RWA Index Perpetuals will start with Tesla, Nvidia, and
Circle’s USDC-related contracts. Each index reflects a basket of tokenized
versions of the same stock issued by different third parties, a structure
designed to stabilize pricing.
Bitget said the contracts mirror the mechanics of existing
crypto perpetuals, with index values drawn from multiple sources. The platform
plans to adjust weightings based on market activity, trading volumes, and
liquidity conditions.
“With the world’s first RWA Index Perpetual Contract, we are
slowly transitioning into a comprehensive ecosystem of all things finance. This product shows the platform’s advancement as compared to other players, as
it enables traders with exposure to a modern and traditional range of asset
classes, bridging the gap between TradFi and DeFi,” commented Gracy Chen, the CEO
at Bitget.
RWA Index Perpetuals will trade on a 5×24 schedule, closing
on weekends and during stock market holidays. Prices will remain frozen during
closures to avoid liquidation risks, though traders can add margin ahead of
reopening.
Funding fees will pause while markets are shut and resume once trading resumes. The contracts will initially support isolated margin mode
only, with leverage capped at 10x and open interest limits applied across the
exchange.
Bitget’s Expansion
At launch, index pricing is sourced from xStocks. Bitget plans to add more issuers and expand the RWA futures range later this
quarter. Cryptocurrency exchanges are pushing deeper into tokenized
equity markets, with Bitget, Kraken, and Robinhood all rolling out offerings
that let investors trade digital versions of U.S. stocks outside regular Wall
Street hours.
The products promise 24/5 access to companies like Apple and
Tesla on blockchain platforms, though some analysts question whether they offer
real benefits compared with existing instruments such as contracts for
difference (CFDs).
Bitget and Kraken both unveiled new tokenized stock services
this week, adding to the growing list of crypto firms experimenting with
equity-linked assets for clients outside the United States.
Bitget integrated xStocks into its Onchain platform,
enabling the trading of tokenized shares of Tesla (TSLAx), Nvidia (NVDAx),
Apple (AAPLx), and the S&P 500 ETF (SPYx).
This article was written by Jared Kirui at www.financemagnates.com.
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