Bitget Launches Industry’s First Tokenised Real-World Asset Index Perpetuals

Cryptocurrency exchange and Web3 company Bitget has launched what it says is the industry’s first Real-World Asset (RWA) Index Perpetual Contract, giving traders a new way to access tokenised versions of traditional assets.

The product went live on 20 August and initially covers selected RWA pairs including TSLAUSDT (RWA), NVDAUSDT (RWA) and CRCLUSDT (RWA).

The RWA Index Perpetual Contract is based on a composite of tokenised stock indices that already exist in the market. Each index tracks prices from more than one third-party issuer. For example, an AAPL RWA Index Perpetual Contract could reflect a blend of Apple stock tokens issued by several providers.

Bitget said the contracts can dynamically adjust index sources according to factors such as market activity, trading volume and liquidity conditions. Index weighting will be disclosed periodically.

Trading will run on a 5×24 schedule, closing at weekends and during stock market holidays. During closure periods, market prices will freeze to avoid liquidation, but users can add margin in anticipation of sharp moves once markets reopen. Funding fees will pause while the market is closed and resume on an hourly cycle when trading restarts.

The contracts share the same mechanics and liquidation processes as existing cryptocurrency perpetual contracts. Bitget said it will initially cap leverage at 10x, support only isolated margin mode and apply platform-wide position limits.

“Bitget thrives on innovation that stems from the emerging cryptospace. 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.”

— Gracy Chen, CEO at Bitget

At launch, pricing will be sourced from stock tokens issued on the xStocks platform. Bitget said additional issuers will be added in the near future, with more RWA perpetual contracts planned for later in the quarter.

Founded in 2018, Bitget is a global cryptocurrency exchange and Web3 company serving more than 120 million users across over 150 countries. The exchange offers derivatives trading, copy trading features and spot markets.

Its Bitget Wallet supports more than 130 blockchains and millions of tokens, offering multi-chain swaps, staking, payments and access to over 20,000 decentralised applications.