Extended launches the RWA Prime Market, supporting 36 differentiated US equity assets, utilizing the SOFR benchmark rate mechanism, and operating on a 24/5 trading model.

On-chain perpetual futures trading platform Extended has announced the launch of the RWA Prime market, which distinguishes itself from regular RWA markets by supporting RWA assets typically not covered by other platforms. Trading operates on a 24/5 basis or exclusively during the regular trading hours of underlying stocks; trading is suspended on weekends, stock market holidays, and non-trading periods, though positions remain open. Its funding rate mechanism is benchmarked against the Secured Overnight Financing Rate (SOFR). Due to its request-for-quote (RFQ) trading model and absence of a real underlying order book, the rate is determined by open interest skew rather than the bid-ask spread impact premium used in traditional perpetual contracts. As of August 5, RWA Prime has listed approximately 36 stock assets spanning sectors 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), and Bitcoin mining firms (MARA Holdings, Riot Platforms, CleanSpark, IREN Limited).