Perpetuals platform RWAperp has raised $2 million at a $50 million post-money valuation, according to a report cited by Odaily from The Block. Backers in the round included Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux member William Freiberg, Charles Ferguson, and participants from the a16z and Sequoia Scout networks.
RWAperp is a decentralized perpetual futures protocol focused on traditional financial assets. The platform is already live on OKX X Layer and currently offers 19 markets spanning BTC, ETH, SOL, South Korean and U.S. equities, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle trades with USDC, USDT, or USDG and gain leveraged long or short exposure to stocks, indexes, commodities, and crypto assets without holding, custodying, or tokenizing the underlying assets.
The project said its trading, pricing, liquidity, and risk management systems were built around the characteristics of equity markets, including market closures, overnight gaps, trading halts, and corporate actions. It also uses a multi-issuer aggregated oracle and offers a professional order-book trading terminal. In parallel, RWAperp is developing Agent Mode, an AI feature designed to understand natural-language trading instructions, analyze market conditions, and gradually support trade execution tasks such as opening positions, managing positions, and closing trades.
Perpetuals platform RWAperp has completed a $2 million financing round at a $50 million post-money valuation, according to Odaily, which cited The Block.
Participants in the round included 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.
Protocol live on OKX X Layer with 19 markets
RWAperp is a decentralized perpetual futures protocol built for 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, the DRAM Index, gold, silver, and WTI crude oil.
Users can settle with USDC, USDT, or USDG, giving them leveraged long and short exposure to stocks, indexes, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.
Built around equity market structure
RWAperp said its trading, pricing, liquidity, and risk management systems are designed around the way stock markets operate. That includes handling market closures, overnight gaps, trading halts, and corporate actions.
The platform uses a multi-issuer aggregated oracle and offers a professional order-book trading terminal.
Agent Mode is also in development
At the same time, RWAperp is developing Agent Mode. The AI feature is intended to understand natural-language trading instructions, analyze market conditions, and gradually support execution tasks including opening positions, position management, and closing trades.
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