Firm launches new crypto product

Bitget, a cryptocurrency exchange and Web3 company, has announced the launch of the industry’s first RWA (Real-World Asset) Index Perpetual Contract. This product allows users to trade tokenized traditional assets, starting with selected RWA products such as TSLAUSDT (RWA), NVDAUSDT (RWA), and CRCLUSDT (RWA).

Gracy Chen, CEO at Bitget, said the RWA Index Perpetual Contract is built on a composite of tokenized stock indices from multiple third-party issuers. Each index tracks prices from different issuers, providing a unique trading experience. For example, the AAPL RWA Index Perpetual Contract represents a composite of AAPL tokens issued by multiple third-party issuers.

“In terms of trading experience, RWA perpetual contracts share the same mechanics and liquidation process as existing crypto perpetual contracts, reducing the learning curve for users. To mitigate early-stage risks, Bitget will cap leverage at 10x, support only isolated margin mode, and apply open interest position limits across the platform. “Bitget thrives on innovation that stems from the emerging cryptospace,”  Chen said.

“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,” she added.