Bitget will launch the industry's first Real World Asset (RWA) index perpetual contract on October 20, allowing trading of tokenized major stocks based on xStocks pricing.
Cryptocurrency exchange Bitget announced the launch of the industry's first Real World Asset (RWA) index perpetual contract, set to go live on October 20. This new product introduces a framework for trading the tokenized representation of traditional assets, with the first listed assets including TSLAUSDT (RWA), NVDAUSDT (RWA), and CRCLUSDT (RWA). The contract is based on existing tokenized stock index combinations in the market, with each index containing one or more RWA tokens reflecting prices from multiple third-party issuers. For example, an AAPL RWA index perpetual contract may contain various Apple tokens issued by different providers.
This design draws on the method of cryptocurrency perpetual contracts, calculating the index price based on data from major exchanges. Bitget's RWA index perpetual contract introduces the ability to dynamically add or remove index sources based on measurable factors such as liquidity, market activity, and trading volume. The weights of these indices may be adjusted regularly and disclosed accordingly. This structure aims to ensure fairness and adaptability in pricing.
To align trading activity with the underlying market conditions, contracts will operate on a five-day-a-week, 24-hour-a-day basis, pausing trading on weekends and during stock market holidays. During this period, prices will remain unchanged to prevent liquidation. However, participants can add margin to cope with price fluctuations that may occur when the market reopens. New orders will not be accepted during the market closure, but orders can still be canceled. Finance charges will be paused during inactive periods and charged hourly after the market reopens.
In terms of user experience, RWA perpetual contracts follow the same trading and clearing processes as existing crypto perpetual products, reducing complexity for participants. To manage early risks, the initial leverage cap is set at 10 times, only supporting isolated margin mode, and the platform imposes a full-platform limit on open positions.
Bitget will launch RWA index perpetual contracts based on xStocks pricing.
Gracy Chen, CEO of Bitget, stated in a written statement: "Bitget relies on the innovation thriving in the cryptocurrency space. With the launch of the world's first RWA index perpetual contract, we are steadily transforming to build a comprehensive ecosystem covering all financial domains. This product highlights the platform's competitive advantage over others, as it enables traders to access both modern and traditional asset classes simultaneously, bridging TradFi and DeFi," she added.
When Bitget launches, its index pricing will be based on stock tokens on the xStocks platform, which plans to integrate more verified issuers in the coming months. The platform also plans to expand support for more types of RWA perpetual contracts on Bitget Futures later this quarter.