RWAperp Perpetual Contract Platform Completes $2 Million Financing

Odaily Planet Daily News – The perpetual contract platform RWAperp has announced the completion of a $2 million financing round, with a post-investment valuation of $50 million. Investors include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux member William Freiberg, Charles Ferguson, as well as members of the a16z and Sequoia Scout networks. RWAperp is a decentralized perpetual contract protocol focused on traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, South Korean and U.S. stocks, the S&P 500 Index, DRAM Index, gold, silver, and WTI crude oil. Users can settle using USDC, USDT, or USDG, gaining leveraged long and short exposure to stocks, indices, commodities, and crypto assets without the need to hold, custody, or tokenize the underlying assets. RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the characteristics of the stock market, addressing scenarios such as market closures, overnight gaps, trading halts, and corporate actions. The platform employs a multi-issuer aggregated oracle and provides a professional order book trading terminal. RWAperp is also developing an Agent Mode. This AI feature aims to understand natural language trading commands, analyze market conditions, and gradually support trade execution operations such as opening positions, position management, and closing positions. (The Block)