Palo Alto, California (PinionNewswire)
RWAperp has launched the first perpetuals venue on X Layer, the Ethereum layer 2 developed by OKX, opening with 19 markets spanning equities, indices, commodities and crypto, all settled in USDG from a single account.
The venue arrives as equity perpetuals become the fastest-growing category in crypto derivatives. Stock perpetual futures volume on centralised exchanges reached $665.42 billion in August, 56 times January’s level, concentrated heavily in semiconductor and memory names. RWAperp’s opening slate targets that demand directly, listing SK Hynix, Samsung Electronics, SanDisk, Micron and Intel alongside a DRAM index built to track memory pricing itself.
X Layer hosts Aave and Uniswap and passed $100 million in DeFi total value locked in August, now sitting at roughly $113 million with more than $2 billion in stablecoin supply. Until now it has had no derivatives venue.
Agent Mode
RWAperp’s principal product departure is Agent mode, an AI layer that opens, manages and closes positions from natural language instruction. Traders describe intent rather than operating an order ticket, and the agent handles sizing, entry and position management against it. The venue also runs a conventional order-book terminal for traders who prefer manual execution.
Underneath both sits a composite multi-issuer oracle and a risk engine built specifically for equities rather than adapted from crypto. Equity markets close, gap overnight, halt on news and undergo corporate actions, none of which crypto-native perpetuals infrastructure is designed to handle. RWAperp’s engine accounts for all four.
“Every equity perpetuals venue trading today is crypto infrastructure with stocks bolted onto it. That holds up until a stock halts mid-session, or gaps overnight, or announces a split. We built the risk engine for equities first and crypto second, and I think within a year the venues that did it the other way round will be rewriting their liquidation logic in public.” said @hurringtonXYZ, COO of RWAperp.
Markets at launch: BTC, ETH and SOL; SK Hynix, Samsung Electronics, Micron, SanDisk, SPCX, Intel, Tesla, AMD, Meta and Nvidia; the S&P 500 and a DRAM index; and gold, silver and WTI crude. All positions are collateralised and settled in USDC, with no brokerage onboarding, local custody or currency conversion.
The venue is backed by a $2 million round at a $50 million valuation, with investors like Brad Bao, co-founder of Lime; Tim Shi, co-founder of Cresta AI; Phil Duan of Tesla’s Autopilot team; William Freiberg of Crux; and Charles Ferguson, alongside scouts from a16z and Sequoia.
About RWAperp
RWAperp is an onchain perpetuals venue for global equity markets, built for the assets other platforms do not list. Traders access Korean, US and international equities alongside indices, commodities and crypto from a single USDC account, with no brokerage onboarding, local custody or currency conversion. The platform pairs a professional order-book terminal with Agent mode, an AI layer that executes and manages positions from natural language instructions, and runs on a composite multi-issuer oracle and an equity-grade risk engine built to handle overnight gaps, trading halts and corporate actions. RWAperp is live on X Layer.
You can learn more at rwaperp.xyz
