BlockBeats News, August 5th, On-chain perpetual futures trading platform Extended announced the launch of the RWA Prime Market. Unlike the regular RWA market, the unique feature is its support for RWA assets not typically covered by other crypto trading platforms. Trading is available 24/5 or only during regular market hours, with trading paused on weekends, market holidays, and off-market hours, but positions remain open. The funding rate mechanism is based on the Secured Overnight Financing Rate (SOFR). Due to its RFQ trading model and lack of a real underlying order book, the rate is determined by the open interest contract skew, rather than the bid-ask spread impact premium of traditional perpetual contracts.

As of August 5th, RWA Prime has listed approximately 36 stock assets, including semiconductor equipment (KLA Corp, Microchip Technology), semiconductor foundry (GlobalFoundries), electronic design automation (Synopsys, Cadence), Chinese concept stocks (PDD Holdings), cloud computing and software (Datadog, Autodesk, Shopify), Bitcoin mining companies (MARA Holdings, Riot Platforms, CleanSpark, IREN Limited), and more.