PANews reported on August 20th that Bitget officially launched the industry's first RWA index perpetual contract. The first batch of assets listed are AAPL/USDT (RWA), NVDA/USDT (RWA), and CRCL/USDT (RWA).

The underlying assets of RWA contracts are composed of RWA indices of tokenized, publicly traded stocks. Each index contains multiple RWA tokens that track prices from different third-party issuers. Its pricing mechanism is modeled after crypto perpetual contracts, dynamically adjusting the index source based on factors such as market activity, trading volume, and liquidity. Weights are disclosed regularly to ensure pricing flexibility and fairness.

The RWA Index Perpetual Contract utilizes a 24/5 trading system. Prices are frozen on weekends and during market closures to prevent liquidations. Order cancellations are supported, but new order submissions are suspended. Funding settlement resumes upon resumption of trading. The product follows the trading mechanisms and liquidation processes of existing crypto perpetual contracts. The initial leverage limit is set at 10x, and only isolated margin trading is supported. Position limits are set across the platform to manage risk.

The initial pricing of this product will be based on the stock tokens of the xStocks platform. It is planned to include more trusted issuers in the near future and expand the RWA perpetual contract category this quarter.