#Bybit
20 articles tagged #Bybit — curated RWA tokenization coverage.
Bybit launches industry-first XAUT options for tokenized gold
Bybit 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.
Bybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre
Bybit and Kraken have expanded their offerings by launching 1:1 equity-backed SpaceX exposure through the xStocks platform. This development marks a significant shift in the RWA market, as these exchanges join Coinbase International and BitMEX in a competitive race to provide retail access to pre-IPO assets. The market is currently bifurcated between two distinct approaches: synthetic perpetual contracts and regulated tokenized equity issued by Backed Assets (JE) Limited. By integrating these tokenized products, major centralized exchanges are bridging the gap between traditional private equity and decentralized finance infrastructure. This trend highlights a growing institutional and retail appetite for fractionalized ownership of high-profile, non-public companies. As more venues adopt these mechanisms, the liquidity and accessibility of pre-IPO shares are expected to increase substantially. Ultimately, this expansion signals a maturing RWA landscape where regulated tokenization is becoming a standard feature for global crypto trading platforms.