#Perpetuals

33 articles tagged #Perpetuals — curated RWA tokenization coverage.

#RWA #DeFi #TokenizedStocks #Hyperliquid #Ondo Finance #Tokenization #Derivatives #Binance #TokenizedEquities #TradFi

DoubleZero brings Hyperliquid RWA market data to institutional desks

DoubleZero Foundation has launched live access to Hyperliquid’s order book data through its DoubleZero Edge platform to support institutional trading strategies. By utilizing dedicated fiber connections, the platform provides low-latency, machine-readable market data for Hyperliquid’s native perpetuals and HIP-3 real-world asset markets. These HIP-3 markets currently facilitate perpetual trading for commodities such as oil, gold, and silver. The infrastructure, developed in collaboration with validator operators and partners like Hyperion DeFi, MAVAN, and Kinetiq, aims to replace reliance on public internet APIs for high-frequency traders. This development is significant as Hyperliquid continues to scale, having processed over $662 billion in volume during Q2 2026. Reliable data access is increasingly critical for quantitative firms, market makers, and AI agents operating within the onchain ecosystem. By streamlining data delivery from Tokyo, DoubleZero seeks to enhance price discovery and execution efficiency for institutional participants in the RWA sector.

#RWA #Hyperliquid #Perpetuals

cryptobriefing.com·Sep 24, 20267.0

Infrastructure

Binance RWA Perpetuals Capture 97% of Post

Binance Research reports that RWA-linked perpetual futures captured 97% of the U.S. stock opening gap for 16 companies following the September FOMC policy decision. These derivatives allow global traders to price macroeconomic events and individual stock movements during hours when traditional U.S. equity markets are closed. Data indicates that approximately $1.02 billion in trading volume occurred outside regular market hours during this period. Furthermore, 198 TradFi-linked perpetual contracts generated $7.25 billion in volume during the most recent S&P index rebalance. The expansion of these instruments, which grew from one ticker in January to 149 by August, highlights a shift toward continuous price discovery. While these contracts do not provide direct stock ownership, they offer up to 10x leverage and settle in USDT. This trend signifies that RWA-linked derivatives are increasingly serving as a primary venue for market participants to react to major financial developments in real-time.

#RWA #Perpetuals #Derivatives

Blockonomi·Sep 22, 20267.5

Infrastructure

Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid

Payward, the parent company of Kraken, has announced plans to offer U.S. clients access to onchain perpetual futures markets via the Hyperliquid blockchain. The initiative utilizes Hyperliquid’s HIP-3 framework, which enables third parties to deploy permissioned perpetual futures markets while maintaining onchain trade matching and recordkeeping. These contracts would be listed under the regulatory oversight of Bitnomial Exchange, a designated contract market regulated by the Commodity Futures Trading Commission (CFTC). To participate, U.S. clients must maintain futures accounts with NinjaTrader Clearing, Payward’s registered futures commission merchant. This proposal represents a significant effort to integrate popular, historically offshore perpetual trading products into a regulated U.S. financial structure. By leveraging Hyperliquid’s public blockchain for settlement, the move aims to bridge decentralized infrastructure with institutional compliance standards. The success of this model depends on pending regulatory approval, as perpetual futures have largely remained outside the scope of U.S. regulated markets since their inception.

#CFTC #Hyperliquid #Kraken

CoinDesk·Sep 16, 20267.5

Infrastructure

Injective’s RWA Perpetual Volume Tops $5.3B Amid SEC Shift

Injective has reached $5.3 billion in cumulative trading volume for its RWA perpetual markets since early 2025, signaling a significant shift toward onchain financial products. This growth coincides with the U.S. Securities and Exchange Commission moving to clear firms for regulated stock perpetuals, a development Injective views as a pivotal reversal of previous regulatory trends. As a layer-1 blockchain, Injective has operated onchain perpetual markets since 2021 and now maintains 135 active RWA markets, including equities, foreign exchange, and commodities. The protocol has achieved a milestone as the first layer-1 blockchain with an affiliated SEC-registered transfer agent through Injective Institutional Services. Total trading volume across the broader RWA perpetual segment reached $1.45 trillion in the first half of 2026, reflecting a rapid expansion from $1.41 billion to $6.59 billion over eighteen months. By utilizing a fully onchain orderbook and unified oracle streams, Injective aims to bridge the gap between traditional financial assets and decentralized infrastructure. This integration of regulated securities and onchain settlement represents a broader industry push to bring financial innovation back to American markets.

#RWA #SEC #Perpetuals

Blockonomi·Sep 11, 20267.5

Stocks

5 Best Exchanges For Tokenized Stocks And Stock Perps In 2026

In 2026, major cryptocurrency exchanges are increasingly integrating U.S. equities into their platforms by offering tokenized stocks and stock perpetual futures. This evolution allows traders to access spot-like equity exposure alongside leveraged derivatives within a single ecosystem, often using stablecoins for settlement. Platforms like Bitget, Kraken, Binance, Bybit, and KuCoin are leading this shift, providing tools that enable users to hedge positions or execute market-neutral strategies without leaving the crypto environment. Bitget currently leads in scale, offering over 600 tokenized U.S. stocks and ETFs alongside 250 stock perpetuals. The integration of these assets into Unified Trading Accounts marks a significant step toward bridging traditional finance and digital asset markets. This trend is critical for the RWA market as it reduces friction for traders who previously had to manage separate brokerage and crypto accounts. By providing 24/7 access and shared collateral frameworks, these exchanges are effectively democratizing access to traditional equity markets for global crypto participants.

#RWA #TokenizedStocks #Bitget

yellow.com·Sep 10, 20267.5

Infrastructure

Tokenized Assets Were Crypto's Boredom Trade. August Ended the Boredom

Tokenized real-world asset (RWA) perpetual trading volume experienced a 13.5% decline in August, reaching $122 billion. This contraction marks the first monthly drop for the sector since January 2026, effectively ending a six-month streak of consistent growth. The downturn occurred simultaneously with a broad rally in the wider cryptocurrency market, where 83% of the top 100 assets saw positive performance. Data provided by CryptoRank highlights this divergence, suggesting that RWA perpetuals may have previously served as a defensive or 'boredom' trade for investors during periods of market stagnation. The shift in volume indicates a potential rotation of capital away from tokenized derivatives as volatility returned to the broader crypto ecosystem. This cooling period serves as a critical data point for analysts tracking the maturity and cyclical behavior of RWA markets. Understanding these fluctuations is essential for assessing how tokenized assets correlate with traditional crypto market sentiment and liquidity flows.

#MarketAnalysis #RWA #Perpetuals

BeInCrypto·Sep 8, 20267.5

Stocks

Binance: Leads RWA Perps With Over Half Tokenized Stock Volume

Binance has established a dominant position in the real-world asset (RWA) derivatives market, currently capturing over 50% of the total trading volume for tokenized stock perpetuals among centralized exchanges. CEO Richard Teng confirmed this market leadership following a discussion with Paul Barron regarding the integration of traditional finance momentum into the exchange's ecosystem. This milestone highlights the growing investor appetite for synthetic exposure to traditional equities through blockchain-based trading instruments. By facilitating high-volume perpetual trading for tokenized stocks, Binance is bridging the gap between legacy financial assets and crypto-native liquidity pools. The concentration of volume on a single major exchange underscores the rapid institutional and retail adoption of RWA-linked derivatives. This trend signals a broader shift where centralized platforms are increasingly serving as the primary venues for trading tokenized versions of traditional financial products. As RWA perpetuals gain traction, Binance's market share reflects the critical role of centralized infrastructure in scaling the accessibility of tokenized real-world assets.

#RWA #TokenizedStocks #Perpetuals

blockchain.news·Sep 4, 20266.5

Active Strategies

Ondo urges SEC, CFTC to bring US stock perpetuals onshore

Ondo Finance has formally petitioned the SEC and CFTC to authorize the domestic offering of perpetual futures tied to individual U.S. stocks. In three comment letters submitted on August 24, the firm argued that existing security futures frameworks are sufficient to regulate these products without requiring new legislation. Ondo contends that modern onchain margining and scheduled funding payments effectively align perpetual contracts with underlying asset prices, mirroring traditional futures functionality. The company currently operates an offshore platform via a Panama-based affiliate that offers stablecoin-settled perpetuals on U.S.-listed equities. This platform has already achieved $8 billion in cumulative trading volume within six weeks of its launch, demonstrating significant market demand. By advocating for an onshore regulatory pathway, Ondo aims to capture the substantial volume currently migrating to offshore venues. As the fourth-largest tokenized RWA manager by distributed value, Ondo's proposal highlights the growing tension between innovative onchain derivatives and current U.S. regulatory boundaries. This initiative represents a strategic effort to integrate high-velocity RWA derivatives into the regulated U.S. financial ecosystem.

#Ondo Finance #CFTC #SEC

Cointelegraph — RWA Tokenization·Sep 2, 20267.5

Active Strategies

How far can USDe’s yield scale as Ethena targets RWA perps? Examining…

Ethena is expanding the collateral backing of its USDe stablecoin by integrating equity perpetuals, also referred to as real-world asset (RWA) tokenization perps. This strategic shift aims to diversify yield sources beyond the cyclical crypto market, which previously saw USDe supply contract from $15 billion to $4 billion during market downturns. The RWA perps market has grown tenfold to $6 billion in open interest since March, and Ethena projects a potential 100x growth trajectory. By tapping into an underlying asset base exceeding $150 trillion, the protocol expects RWA perpetuals to surpass crypto-based allocations within 12 to 24 months. Currently, USDe collateral is primarily composed of liquid stablecoins and DeFi lending positions on Aave and Morpho, with traditional credit already accounting for 12% of backing. Founder Guy Young noted that the protocol waited for sufficient liquidity and data history before scaling into this segment. This move is intended to provide more stable, scalable basis yield that remains competitive against traditional U.S. Treasury bond returns.

#RWA #DeFi #Ethena

AMBCrypto·Aug 29, 20267.5

Active Strategies

Ondo Finance Airdrop guide: Steps to potential Reward

Ondo Finance has officially launched Ondo Perps, a decentralized perpetual trading platform designed to expand the protocol's ecosystem beyond its core tokenized treasury offerings. To incentivize early adoption and liquidity, the platform has introduced a points-based rewards program for active traders. Participants can earn a share of a weekly pool consisting of 5 million points by increasing their trading volume on the new exchange. Users are required to connect their digital wallets to the platform to begin executing trades and tracking their progress toward potential future airdrops. The initiative includes a referral program that grants a 5% discount on trading fees for new users who utilize specific invitation links. This move represents a strategic effort by Ondo Finance to capture market share in the decentralized derivatives sector while leveraging its existing brand presence. By gamifying user engagement through a points system, the protocol aims to drive consistent platform activity and increase total value locked within its broader financial infrastructure.

#Ondo Finance #RWA #DeFi

cryptorank.io·Aug 27, 20265.5

Active Strategies

Arcus launches tokenized perp positions on Robinhood Chain

Arcus, a decentralized exchange developed by the team behind dYdX, has launched on the Robinhood Chain to enable the tokenization of perpetual futures positions into transferable ERC-20 tokens. This protocol allows users to utilize tokenized stocks, such as SPY, QQQ, and MAG7, as collateral for leveraged trading with a 50% loan-to-value ratio. By introducing products like pBTC3x and pHOOD3x, Arcus provides 3x leveraged exposure to Bitcoin and Robinhood stock tokens without requiring users to liquidate their underlying holdings. Since its inception, the platform has facilitated over $250 million in trading volume, with daily averages surpassing $33 million. The integration highlights a significant shift toward making sophisticated financial strategies native to blockchain infrastructure. Robinhood Chain has concurrently reached $596 million in total value locked, positioning itself among the top 15 chains by DeFi TVL. This development marks a notable advancement in bridging traditional equity markets with decentralized perpetual trading mechanisms.

#TokenizedStocks #DeFi #Perpetuals

Cointelegraph — Tokenization·Aug 25, 20267.5

Commodities

XAUT: Lighter Adds Tokenized Gold as Perp Collateral

The decentralized exchange Lighter has integrated Tether Gold (XAUT) as collateral for perpetual futures trading, marking a significant expansion in the utility of tokenized precious metals within decentralized finance. By allowing users to leverage gold-backed tokens for derivatives, the platform creates a new demand channel for XAUT beyond simple store-of-value use cases. This development highlights the growing trend of utilizing real-world asset tokens as margin collateral in high-frequency trading environments. Currently, XAUT is trading at $4619.3, with technical indicators such as an RSI of 70.29 suggesting the asset is in overbought territory. Market analysts are monitoring the potential for price retracement toward the EMA50 support level of $4514.67 following a MACD death cross. The integration underscores the increasing interoperability between traditional commodity-backed tokens and complex DeFi trading protocols. This move effectively bridges the gap between physical gold exposure and the liquidity requirements of perpetual futures markets.

#XAUT #DeFi #Commodities

blockchain.news·Aug 24, 20265.5

Active Strategies

Onchain perps capture 15% of futures volume as centralized trading declines

Decentralized perpetual futures platforms have captured approximately 14.9% of the total perpetual trading volume, marking a significant shift in market dynamics over the past 18 months. While centralized exchange (CEX) volumes dropped to $4.41 trillion in May 2026—the lowest level since September 2024—onchain platforms demonstrated greater relative resilience. Hyperliquid currently leads the sector, maintaining 30-day trading volumes between $180 billion and $245 billion and previously commanding over 70% of the onchain market share. Emerging competitors such as Aster and Lighter are now challenging this dominance, with Aster capturing 14.9% of weekly onchain volume in September 2025. This transition is supported by data from DefiLlama and analysis from Pantera Capital, highlighting a growing institutional interest in decentralized infrastructure. The shift is largely driven by a preference for non-custodial trading, which allows users to retain control of their assets following historical CEX failures. This trend underscores a broader migration toward transparent, onchain financial primitives as the derivatives market undergoes a structural reshaping.

#Hyperliquid #DeFi #Perpetuals

cryptobriefing.com·Aug 17, 20267.0

Commodities

Ondo Perps unlocks tokenized gold and silver for perpetual trading

Ondo Finance has expanded its Ondo Perps platform to include tokenized gold and silver, enabling users to trade these precious metals via perpetual contracts. This integration leverages the OUSG token, which represents ownership in BlackRock's Short-Term Treasury ETF, as collateral for trading these commodities. By bridging traditional financial assets with decentralized finance, Ondo aims to provide 24/7 liquidity and increased capital efficiency for investors. The platform utilizes the Mantle blockchain to facilitate these transactions, ensuring high-speed execution and lower costs compared to traditional brokerage environments. This development marks a significant step in the evolution of RWA tokenization, as it allows users to maintain exposure to yield-bearing assets while simultaneously accessing commodity markets. The move reflects a broader industry trend of creating sophisticated financial instruments that combine stable, real-world collateral with the flexibility of perpetual trading. As more institutional-grade assets are brought on-chain, the utility of tokenized treasuries as a foundational layer for decentralized derivatives continues to grow.

#Ondo Finance #RWA #Perpetuals

thestreet.com·Aug 6, 20267.5

Active Strategies

Hyperliquid RWA contracts grow to 32% of trading activity in Q2

Hyperliquid, a decentralized exchange, experienced a significant surge in real-world asset (RWA) trading activity during the second quarter of 2026. RWA perpetual contracts grew to represent 32.2% of the platform's total trading volume, up from 20.7% in the previous quarter and a mere 1.8% in Q4 2025. This surge culminated in $213 billion of RWA trading volume during Q2, with RWAs becoming the exchange's largest trading category by mid-July. The protocol generated $169 million in quarterly revenue, with RWA trading contributing 6.6% of this total. Furthermore, the platform returned $141 million to HYPE token holders through buybacks, highlighting the economic impact of this growth. The number of RWA holders on the platform increased by 56% to reach 1.6 million investors. This trend underscores the rapidly expanding demand for decentralized perpetual exposure to tokenized assets, signaling a shift in market preference toward onchain RWA derivatives.

#RWA #Tokenization #Hyperliquid

Cointelegraph — RWA Tokenization·Aug 6, 20267.5

Stocks

Bitget Tops DeFiLlama Tokenized Equities Liquidity Rankings As Market Nears $2B

A recent report by DeFiLlama identifies Bitget as the leading platform for liquidity and execution quality within the tokenized equities market. The sector has experienced significant growth in 2026, with total market capitalization rising over 140% from $814 million to nearly $2 billion. DeFiLlama’s evaluation criteria included brokerage integration, reserve verification, dividend treatment, and settlement models. Bitget outperformed competitors by achieving the smallest median bid-ask spread of 0.83 basis points and providing the highest top-of-book liquidity. The exchange also demonstrated superior depth across 36 stock perpetuals and eight commodity perpetuals. Furthermore, Bitget’s Reality rTokens saw substantial adoption, recording over $1.16 billion in cumulative trading volume between June and July 2026. This trend highlights a growing investor demand for efficient blockchain-based exposure to publicly listed companies, particularly in the technology and semiconductor sectors.

#TokenizedEquities #Bitget #Perpetuals

coingape.com·Aug 4, 20267.5

Active Strategies

MILESTONE | Real-World Assets (RWAs) Match Bitcoin Volumes on the Largest Perpetuals Exchanges

Trading volumes for perpetual futures tied to tokenized real-world assets have surged to reach 99.2% of Bitcoin perpetual futures volume on Hyperliquid and Binance. This rapid growth indicates a significant shift in crypto derivatives markets, where Bitcoin has historically maintained dominance. The surge is driven by increased investor demand for around-the-clock, leveraged exposure to traditional financial assets like U.S. equities, commodities, and stock indices. Hyperliquid has notably seen RWA-linked perpetuals become its largest trading category, surpassing traditional cryptocurrency contracts for the first time. This trend is supported by broader institutional developments, including the SEC's approval for Nasdaq to trade tokenized securities and the DTCC's upcoming integration with the Stellar blockchain. These milestones highlight the evolution of tokenization from simple spot assets into complex, high-volume derivatives segments. The data, provided by digital asset infrastructure firm Talos, underscores the successful bridging of traditional financial markets with blockchain-native trading infrastructure.

#Stellar #Hyperliquid #Perpetuals

bitcoinke.io·Aug 4, 20268.0

Active Strategies

RWA perps will outpace tokenization

The financial landscape is shifting as perpetual futures (perps) for real-world assets (RWAs) begin to outpace traditional tokenization in volume and growth. While tokenized assets have reached $34 billion in value, RWA perp volume surged to $347 billion in May 2026, representing a 1,472x increase from early 2025. Platforms like Hyperliquid are facilitating this growth by offering 24/7 trading access, which allows market participants to react to global events outside of traditional market hours. Unlike tokenized spot assets, which face significant legal and regulatory hurdles, perp markets are easier to launch and provide synthetic exposure to commodities and AI equities. Data shows that while spot tokenization maintains a larger user base of 180,845 wallets, perp holders are growing at a faster monthly rate of 33%. The accuracy of these synthetic markets is evidenced by pre-IPO perp pricing, which successfully predicted the Cerebras Nasdaq listing price within 1%. As retail brokerages like Robinhood begin integrating these products, perps are positioned to become the primary vehicle for trading diverse asset classes globally.

#RWA #Tokenization #Hyperliquid

CoinDesk·Jul 31, 20267.5

#Perpetuals

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