News linked to both this project and an event.
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.