News

According to a report by Jinse Finance, citing market news from @CryptooIndia, the Indian government will integrate blockchain technology into land records, supply chains, and the digital commerce sector to ensure the immutability of governance. This information has been confirmed by the Ministry of Electronics and Information Technology (MeitY) of India.

According to ChainCatcher, Bitget has officially launched the industry's first RWA Index Perpetual Contracts. The initial assets available are TSLA/USDT (RWA), NVDA/USDT (RWA), and CRCL/USDT (RWA). The underlying assets of the RWA contracts are composed of tokenized RWA indices of stocks already circulating in the market. Each index includes multiple RWA tokens to track the prices of different third-party issuers. The pricing mechanism is modeled after crypto perpetual contracts, dynamically adjusting index sources based on factors such as market activity, trading volume, and liquidity, with regular disclosure of index weights to ensure pricing flexibility and fairness. In terms of trading rules, RWA Index Perpetual Contracts adopt a 5×24 hour trading schedule. Prices are frozen during weekends and stock market closures to avoid liquidations. Order cancellations are supported, but new order submissions are suspended, and funding fee settlements resume when trading reopens. The product continues the existing trading and liquidation mechanisms of crypto perpetual contracts. The initial leverage cap is set at 10x, only isolated margin mode is supported, and a platform-wide position limit is implemented to control risk. At launch, the product's pricing will be based on stock tokens from the xStocks platform, with plans to include more reputable issuers soon and to expand the range of RWA perpetual contract products within this quarter.