The perpetual contract platform RWAperp has completed a $2 million financing

The perpetual contract platform RWAperp announced the completion of a $2 million financing round, with a post-investment valuation of $50 million. Brad Bao, co-founder of Lime, Tim Shi, co-founder of Cresta AI, Phil Duan, a member of the Tesla Autopilot team, William Freiberg, a member of Crux, Charles Ferguson, as well as members of the a16z and Sequoia Scout systems participated in the investment.

RWAperp is a decentralized perpetual contract protocol aimed at traditional financial assets, currently launched on OKX X Layer, and has opened 19 markets covering BTC, ETH, SOL, Korean and US 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 is primarily designed around the trading characteristics of the stock market, focusing on trading, pricing, liquidity, and risk management systems, and addressing situations such as market closures, overnight gaps, suspensions, and corporate actions. The platform employs a multi-issuer comprehensive oracle and provides a professional order book trading terminal. RWAperp is also developing Agent Mode. This AI feature aims to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions.