Bybit launches industry-first XAUT options for tokenized gold
RWA Signal Insight
CommoditiesBybit has launched XAUT options, marking the first time a crypto exchange has offered options trading for a tokenized real-world asset. XAUT represents physical gold, providing traders with digital access to a traditional store of value within a crypto-native environment. To ensure robust liquidity and efficient execution, Bybit partnered with Orbit Markets, a specialist in digital asset and traditional finance derivatives. The launch also introduces Request for Quote (RFQ) functionality, allowing institutional and professional clients to execute customized over-the-counter options trades. This feature supports non-standard strikes, tailored expiries, and complex multi-leg strategies for larger trading requirements. By integrating these derivatives, Bybit aims to bridge the gap between traditional financial products and blockchain infrastructure. This development signifies a maturation of the RWA market, as it moves beyond simple tokenization toward sophisticated financial engineering and risk management tools.
Key points
- Bybit launched industry-first options for XAUT, a tokenized gold asset.
- Orbit Markets provides liquidity and expertise for the new XAUT options.
- New RFQ functionality enables institutional OTC trading for complex, non-standard options.
- The launch bridges traditional gold derivatives with crypto-native trading infrastructure.
Background
Tether Gold (XAUT) is a digital asset where each token is backed by one fine troy ounce of physical gold stored in Swiss vaults. It allows investors to gain exposure to gold prices on the blockchain without the logistical challenges of physical storage. The asset combines the stability of precious metals with the liquidity and transferability of digital tokens.