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PALO ALTO, California, September 3, 2026 — RWAperp has launched an onchain perpetuals trading venue on X Layer, the Ethereum Layer 2 network developed by OKX, introducing 19 markets across global equities, cryptocurrencies, commodities and indices.
The launch brings derivatives trading to X Layer while introducing RWAperp’s “Agent mode,” an artificial intelligence-powered execution system designed to let traders open, manage and close perpetual positions using natural-language instructions.
Alongside AI-assisted execution, the platform provides a conventional order-book trading interface for users who prefer to manage their positions manually.
RWAperp Brings Perpetual Trading to X Layer
RWAperp describes itself as the first perpetuals venue to launch on X Layer.
At launch, the platform provides exposure to a mixture of traditional and digital markets from a blockchain-based trading environment.
Its initial markets include major cryptocurrencies Bitcoin, Ethereum and Solana alongside U.S. and Korean equities, stock market indices and commodities.
The equity lineup includes SK Hynix, Samsung Electronics, Micron, SanDisk, Intel, Tesla, AMD, Meta and Nvidia, among other instruments.
RWAperp has also introduced exposure to the S&P 500 and a DRAM index intended to track pricing conditions in the memory market.
Commodity markets include gold, silver and West Texas Intermediate crude oil.
Rather than owning the underlying stocks or commodities, users trade perpetual derivative contracts whose values are designed to track the referenced markets.
Agent Mode Introduces Natural-Language Trade Execution
A central feature of the platform is RWAperp’s Agent mode.
Instead of requiring users to manually configure every component of an order, the AI layer is designed to interpret natural-language trading instructions and execute actions based on those directions.
According to RWAperp, users can describe their intended trade while the system handles functions such as position sizing, entry and ongoing position management.
The agent can also manage and close existing positions.
RWAperp continues to provide a traditional order-book terminal alongside Agent mode, giving traders the option of either AI-assisted or manual execution.
The company’s AI functionality should not be interpreted as eliminating trading risk. Perpetual futures are leveraged derivatives and can expose traders to rapid losses and liquidation when markets move against their positions.
Equity-Focused Risk Engine Handles Market Closures and Gaps
RWAperp says its underlying trading infrastructure was designed specifically to address characteristics of traditional equity markets that differ from continuously traded crypto markets.
Cryptocurrency markets generally operate around the clock, while traditional equities have fixed trading sessions and can experience overnight price gaps.
Individual stocks can also be halted because of regulatory decisions, volatility or company-specific developments.
Corporate actions such as stock splits can further affect reference prices and contract mechanics.
RWAperp says its equity-focused risk engine is designed to account for overnight gaps, trading halts and corporate actions rather than relying exclusively on risk systems originally built for 24/7 crypto markets.
The platform also uses what it describes as a composite multi-issuer oracle system to supply pricing data to its trading infrastructure.
Semiconductor Markets Feature Prominently at Launch
RWAperp’s initial equity lineup places particular emphasis on semiconductor and memory-related companies.
The platform includes SK Hynix, Samsung Electronics, Micron, SanDisk and Intel, alongside semiconductor-related names including AMD and Nvidia.
RWAperp also launched a DRAM index intended to provide market exposure to memory pricing rather than an individual semiconductor company.
The company positioned the launch against growing interest in stock perpetual futures.
According to figures cited in the announcement, centralized exchange volume for stock perpetual futures reached $665.42 billion in August 2026, representing approximately 56 times the level recorded in January.
That market-volume figure originates from RWAperp’s announcement and should therefore be treated as a company-cited statistic rather than an independently audited figure.
RWAperp Uses Onchain Collateral and Settlement
According to the detailed launch announcement, positions on RWAperp are collateralized and settled in USDC.
The platform is designed to allow traders to access multiple asset classes from a single onchain account rather than maintaining separate brokerage accounts, local custody arrangements and currency balances for each underlying market.
This structure can simplify access, but perpetual contracts do not give traders direct ownership of the underlying stocks, commodities or other referenced assets.
For example, trading a Tesla perpetual does not provide Tesla shares or shareholder rights. Similarly, a gold perpetual position represents derivative price exposure rather than ownership of physical gold.
X Layer Expands Its DeFi Ecosystem
RWAperp is built on X Layer, the Ethereum Layer 2 network developed by OKX.
X Layer is designed to provide Ethereum-compatible blockchain infrastructure with lower transaction costs and increased throughput while connecting applications and liquidity across the broader Ethereum ecosystem.
The network already hosts decentralized finance protocols including Aave and Uniswap.
According to figures cited by RWAperp at launch, X Layer had recently surpassed $100 million in decentralized finance total value locked and held more than $2 billion in stablecoin supply.
RWAperp’s arrival adds a dedicated perpetual derivatives platform to that ecosystem.
RWAperp Backed by $2 Million Funding Round
RWAperp also disclosed that it is backed by a $2 million funding round completed at a $50 million valuation.
The announcement named investors including Brad Bao, co-founder of Lime; Tim Shi, co-founder of Cresta AI; Phil Duan, associated with Tesla’s Autopilot team; William Freiberg of Crux; and Charles Ferguson.
The company also said scouts associated with venture capital firms Andreessen Horowitz (a16z) and Sequoia participated.
The $50 million figure represents the valuation associated with the funding round and should not be interpreted as revenue, assets under management or the current market value of a publicly traded company.
RWAperp Targets Global Onchain Market Access
RWAperp’s broader strategy is to combine markets traditionally separated across crypto exchanges, securities brokerages and commodity platforms within a single onchain derivatives venue.
The initial lineup illustrates that approach by combining cryptocurrencies such as BTC, ETH and SOL with U.S. and Korean equities, commodities and indices.
The model could provide traders with broader market exposure without requiring direct ownership or custody of every referenced underlying asset.
However, this structure also introduces risks associated with perpetual derivatives, including leverage, liquidation, oracle pricing, smart contracts, market liquidity and differences between derivative prices and underlying spot markets.
Access may also be subject to geographic, regulatory and eligibility restrictions.
About RWAperp
RWAperp is an onchain perpetuals trading platform focused on providing derivative exposure to global markets.
The platform offers perpetual markets referencing U.S., Korean and international equities alongside cryptocurrencies, commodities and indices.
RWAperp combines a professional order-book trading terminal with Agent mode, an AI-powered execution layer that interprets natural-language trading instructions.
Its infrastructure includes a composite oracle system and an equity-focused risk engine designed to address market characteristics including overnight price gaps, trading halts and corporate actions.
RWAperp is live on OKX’s X Layer.
Risk Disclosure: Perpetual futures and other derivatives involve substantial risk and may result in significant losses, particularly when leverage is used. AI-assisted execution does not guarantee profitable trades or eliminate market, liquidation, smart-contract, oracle or counterparty risks. Availability may vary by jurisdiction.
