Bitget has launched the first real-world asset index, introducing perpetual contracts tied to Nvidia, Tesla, and Circle.
Summary
- Bitget has introduced a real-world assets index perpetuals for major U.S. listed stocks.
- The contracts for Tesla, Nvidia and Circle will offer up to 10x leverage and trade 5×24.
Bitget said in an announcement on Aug. 20 that the product brings fresh exposure to tokenized traditional assets for traders, with the contract a composite of tokenized stocks already live in the market.
The real-world asset index will offer continuous exposure in a 5×24 market structure for the selected tokenized assets, and every index will comprise one or more RWA tokens that track prices across multiple third-party issuers. Bitget’s TSLA, NVDA, and CRCL RWA Index perpetual futures offer leverage of up to 10x.
Gracy Chen, chief executive of Bitget, said the move to launch the index aligns with the crypto exchange’s plans to support innovation across the crypto industry. The index is part of the mission to bridge traditional finance and decentralized finance.
“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,” Chen added.
RWA index to offer 5×24 trading
Like crypto perpetual contracts, the RWA index will add or delist sources based on factors such as trading volume, market activity, and liquidity conditions. The exchange will also be able to adjust the index weighting, with this done from time to time to ensure pricing flexibility and fairness.
Bitget has also adopted the 5×24 trading schedule, meaning the contracts will be closed on weekends and other market holidays. Market prices for the index will be frozen during market closure timelines to prevent liquidation.
Nonetheless, the exchange will allow users to add margin during these periods amid market anticipation of price spikes at open. Traders can also cancel orders during weekends and holidays, but they will not be able to add new ones.
Initially, Bitget’s pricing for the index will be from tokenized stocks on the xStocks platform.
