Bybit Launches Industry-First XAUT Options for Tokenized Gold

Bybit has expanded its RWA ecosystem by launching options contracts for Tether Gold (XAUT), a tokenized commodity representing physical gold stored in Swiss vaults. Developed in collaboration with Orbit Markets, this product allows institutional and retail investors to apply hedging and risk management strategies to gold prices directly within the crypto environment. The options follow a European settlement model and are traded via Bybit’s Request for Quote (RFQ) infrastructure, which is designed to facilitate large over-the-counter transactions. This launch complements Bybit’s existing XAUT offerings, which already include perpetual futures and yield-generating Earn products. By integrating these derivative instruments, the exchange aims to bridge the gap between traditional precious metals markets and blockchain-based finance. The move addresses the critical need for liquidity in the tokenized asset space by leveraging institutional market-making expertise. As the RWA sector matures, the development of such comprehensive financial ecosystems around tokenized assets like gold signals a shift toward blockchain becoming a viable alternative to traditional capital markets.