Bitget Offers Tokenized Stock Contracts Linked to Tesla

On August 20, Bitget Exchange introduced the industry’s first Real Asset Index (RWA) perpetual contract, opening trading in tokenized stocks and other traditional assets on its futures platform.

RWA index perpetual contracts will be launched with Tesla, Nvidia, and Circle contracts linked to USDC. Each index is a basket of tokenized versions of the same stocks issued by different third parties to stabilize pricing.

According to Bitget, the contracts mirror the mechanics of existing cryptocurrency perpetual contracts, and the index values ​​are taken from various sources. The platform plans to adjust the weighting factors depending on market activity, trading volumes, and liquidity status.

With the world’s first RWA index perpetual contract, we are moving towards a comprehensive ecosystem that spans all areas of finance. This product represents a breakthrough for the platform compared to other players as it provides traders with access to a modern and traditional range of assets, bridging the gap between TradFi and DeFi, said Bitget CEO Gracie Chen.

RWA perpetual options will trade 24 hours a day, closing on weekends and stock market holidays. Prices will be frozen during the close to avoid the risk of liquidation, but traders can add margin before opening.

Funding fees will be suspended during the market closure and will resume once trading resumes. Initially, contracts will only support isolated margin with leverage of up to 10x and exchange-wide open interest caps.

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