Skip to content
- Bitget has introduced the inaugural RWA index, which includes perpetual futures on Nvidia, Tesla, and Circle tokenized stocks.
- Traders have the ability to access tokenized traditional equity assets with 10x leverage and 5×24 market exposure.
- In order to preserve fairness and precise pricing, the index modifies its assets and weightings.
Bitget has issued the first real-world equity index-tracked perpetual futures that are based on tokenized Nvidia (NVDA), Tesla (TSLA), and Circle (CRCL). According to the exchange, the product provides traders with exposure to tokenized conventional assets using a 5×24 market structure. The announcement from the company on August 20 states that each index will be allowed to offer leverage up to 10x to provide additional risk handling and strategy opportunities.
The index will contain equities that are already live in the market and that are tokenized. The index will be comprised of one or more RWA tokens that will follow the prices of multiple third-party issuers. According to Bitget, this model will make pricing accurate as well as flexible to market conditions.
Bitget Targets Wider Market With RWA Perpetual Futures
The TSLA, NVDA, and CRCL perpetual futures have targeted both institutional and retail users. Bitget said that the contracts give it access to more trading options and bring similar features to its current crypto perpetuals. This makes the product accessible to many participants.
According to Chief Executive Gracy Chen, this launch follows the wider vision of Bitget of connecting traditional finance and decentralized finance. She referred to the RWA index as an aspect of a strategy to develop an entire ecosystem that integrates conventional and digital assets. Bitget has noted the growth as an indicator of improvement relative to other competitors.
The company added that the RWA index will change with time. The assets can be added or eliminated based on the liquidity, trade volume, and market activity. The asset weighting can be updated periodically in order to have fair and correct pricing.
Also Read: Stablecoin IPO Milestone: Bullish Raises $1.15 Billion on NYSE
Bitget Freezes Prices to Prevent Liquidation in Market Closures
Bitget acknowledged that the index will be conducted on a 5×24 trading timetable. During weekends and holidays in a year, contracts will be closed. Market prices will be frozen during these closures to guard against liquidation, and this would save users from having to incur extra losses incurred when markets are idle.
Along with the closures, traders will still have control over their positions. Bitget added that during market close, users may increase margin or cancel open orders to the system. New trades cannot be made, though, until the market has opened again.
Index pricing will initially be sourced to tokenized stocks listed on xStocks at the time of launch. According to Bitget, this approach will provide users with transparency and accuracy, as well as promote fair standards.
The company determined that the launch evinces its intent to incorporate real-world assets into cryptographic markets. By linking tokenized equities to the perpetual futures, Bitget will enhance its position as a link between traditional and decentralized finance.
Also Read: Ethereum ETFs face $422M outflows as Fidelity and Grayscale extend selling streak
