RWA Goes Live: Dreamcash, Tether, and Selini Shake DeFi With New Perpetuals on Hyperliquid
Dreamcash, Tether, and Selini Capital Launch RWA Perpetuals on Hyperliquid, Marking New Phase for On-Chain Finance
A group of major players in the digital asset industry has rolled out a new class of on-chain derivatives, signaling continued momentum in the tokenization of real-world assets and the evolution of decentralized finance.
According to information confirmed by the X account of Cointelegraph and reviewed by the hokanews editorial team, Dreamcash, Tether, and Selini Capital have jointly launched HIP-3 real-world asset perpetual contracts on Hyperliquid.
The newly introduced perpetual products are collateralized using USDT0, a stablecoin-backed instrument designed to provide on-chain stability and capital efficiency. The launch marks a notable step in bringing real-world asset exposure into high-performance decentralized trading environments.
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| Source:Xpost |
A New Chapter for Real-World Asset Trading
Real-world assets, commonly referred to as RWAs, have emerged as one of the fastest-growing segments in the digital asset ecosystem. The concept involves representing traditional financial instruments, commodities, or yield-generating assets on blockchain networks, allowing them to be traded, settled, and managed on-chain.
By introducing RWA-based perpetual contracts, the three firms are expanding the scope of what decentralized derivatives markets can offer. Perpetuals allow traders to gain leveraged exposure to an underlying asset without an expiration date, a structure that has become popular in crypto-native markets.
Industry observers say combining RWAs with perpetual contracts represents a convergence between traditional finance concepts and blockchain-based trading infrastructure.
“This launch shows how far decentralized markets have come,” said a derivatives analyst who spoke to hokanews. “We are seeing instruments that resemble traditional financial products, but built entirely on-chain.”
Why Hyperliquid Matters
Hyperliquid has gained attention for its high-speed, low-latency decentralized trading environment, designed to compete with centralized exchanges while maintaining on-chain transparency.
Unlike many decentralized platforms that rely heavily on automated market makers, Hyperliquid operates an order-book-based system optimized for professional traders. This structure makes it particularly suited for perpetual contracts, which require deep liquidity and fast execution.
The addition of HIP-3 RWA perpetuals is expected to attract a new class of traders interested in exposure to real-world assets through decentralized rails.
The Role of USDT0 Collateral
The new perpetual contracts are collateralized with USDT0, a stablecoin-based instrument linked to the U.S. dollar. Stablecoin collateral plays a crucial role in derivatives markets by reducing volatility risk and enabling more predictable margin management.
Tether’s involvement in the launch highlights the central role stablecoins continue to play in decentralized finance. As the issuer of one of the world’s most widely used stablecoins, Tether provides the liquidity backbone for a large portion of crypto trading activity.
Analysts say that using stablecoin collateral is essential for making RWA products accessible to global traders, particularly those seeking alternatives to traditional brokerage platforms.
Dreamcash and Selini Capital’s Strategic Push
Dreamcash has positioned itself as a platform focused on bridging traditional finance concepts with decentralized infrastructure. Its involvement in the HIP-3 rollout reflects a broader strategy to support tokenized assets and advanced financial instruments on-chain.
Selini Capital, a well-known crypto investment and trading firm, brings market-making expertise and institutional-grade trading experience to the initiative. Market participants say Selini’s role could help ensure liquidity and orderly price discovery for the new products.
Together, the collaboration represents a blend of infrastructure, liquidity, and stablecoin support, all aimed at accelerating adoption of RWA-based derivatives.
Institutional Interest Continues to Grow
The launch comes amid rising institutional interest in real-world asset tokenization. Financial institutions, asset managers, and fintech firms have increasingly explored blockchain-based representations of bonds, funds, commodities, and credit products.
Supporters argue that RWAs can improve transparency, reduce settlement times, and lower costs compared to traditional systems. When combined with decentralized derivatives, these assets can offer new ways to hedge risk or gain exposure without relying on centralized intermediaries.
While institutional participation in DeFi remains cautious, analysts say initiatives like HIP-3 signal that the infrastructure is maturing.
Regulatory and Risk Considerations
Despite the enthusiasm, RWA derivatives also raise important regulatory and risk questions. Perpetual contracts are complex financial instruments, and when combined with tokenized real-world exposure, they can blur the lines between traditional and decentralized markets.
Regulators in multiple jurisdictions continue to examine how such products should be classified and supervised. Market participants emphasize the importance of transparency, risk disclosures, and robust collateral mechanisms.
“RWA products must be built carefully,” said a compliance consultant. “Innovation is welcome, but safeguards are essential.”
Market Reaction and Industry Sentiment
Early reaction from the crypto community has been cautiously optimistic. Traders and developers have described the launch as another step toward making decentralized finance more comprehensive and competitive with traditional markets.
However, some observers note that liquidity and adoption will ultimately determine the success of HIP-3 perpetuals. Without sufficient volume and participation, even well-designed products can struggle to gain traction.
What Comes Next
Dreamcash, Tether, and Selini Capital have not disclosed detailed timelines for additional RWA products, but industry watchers expect further expansion if the initial rollout proves successful.
Analysts say the broader trend toward tokenized real-world assets is unlikely to slow down, especially as blockchain infrastructure improves and regulatory clarity gradually increases.
For Hyperliquid, the launch reinforces its position as a venue for advanced on-chain derivatives, while for the broader market, it highlights the continued convergence of traditional finance concepts with decentralized systems.
A Signal of DeFi’s Next Phase
The introduction of HIP-3 RWA perpetuals reflects a shift in decentralized finance from experimental projects toward more sophisticated financial instruments.
Rather than focusing solely on speculative tokens, developers and firms are increasingly targeting real-world use cases and institutional-grade products.
Whether this trend will reshape global finance remains to be seen, but for now, the launch underscores a clear message: on-chain markets are continuing to evolve, and real-world assets are becoming an integral part of that evolution.
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Writer @Ethan
Ethan Collins is a passionate crypto journalist and blockchain enthusiast, always on the hunt for the latest trends shaking up the digital finance world. With a knack for turning complex blockchain developments into engaging, easy-to-understand stories, he keeps readers ahead of the curve in the fast-paced crypto universe. Whether it’s Bitcoin, Ethereum, or emerging altcoins, Ethan dives deep into the markets to uncover insights, rumors, and opportunities that matter to crypto fans everywhere.
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