EnclaveX has wasted little time in getting its first real-world assets out the door and onto the blockchain, exactly a week after unveiling its official RWA roadmap.
The decentralized perpetuals trading platform, known for its strong security features, said on X that users can now trade tokenized versions of traditional assets such as gold (PAXG), the S&P 500 (SPY) and the Nasdaq 100 (QQQ) for the first time, in addition to hundreds of other digital assets.
EnclaveX is an institutional-grade trading platform designed for traders who want the highest security possible.
Unlike other platforms, which use open and public orderbooks to execute trades, it employs an ironclad architecture where every transaction is cryptographically secured.
Each trade is executed in a secure enclave, which helps to prevent any data leakage.
As a result, the platform boasts that it’s immune to front-running and maximal extractable value attacks that can impact the profits of traders.
The company unveiled its plans for RWAs at the Avalanche Summit London on May 20, promising to add tokenized versions of stocks, shares, bonds and commodities to its platform in the near future.
RWAs are designed to increase liquidity in traditional asset markets and make them more accessible and tradable around the clock.
Traditionally, financial markets have been heavily restricted, with trading only allowed during “open hours”, meaning that investors are forced to wait around before they can react to news events that could have a significant impact on asset prices.
By representing assets such as gold and stocks and shares on the blockchain, RWAs also eliminates intermediaries, meaning lower trading costs.
Another benefit is fractional ownership. Certain assets, such as real estate, have historically been seen as highly illiquid due to their high cost, meaning they are difficult to offload and inaccessible to smaller investors.
But by tokenizing a property – essentially, splitting it up into thousands of individual tokens or “shares” – it becomes possible for smaller investors to own a small fraction of it.
However, EnclaveX CEO David Wells said he believes the biggest advantage of RWAs is that they provide investors with the ability to react to market events almost instantly, instead of having to wait hours for the market to reopen in their location.
“News breaks → Markets closed →Wait 12+ hours → Finally trade,” he said, pointing out the deficiencies of traditional market mechanisms. “This creates massive inefficiencies and missed opportunities. Crypto is fixing that.”
Today EnclaveX launched perp futures on the S&P 500, Nasdaq 100, and Gold – the first group of many Real World Assets to come. You can now trade traditional markets 24/7 alongside crypto assets.
Traditional markets close. Opportunities don’t. When Asian markets open while Wall
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Instead of waiting for the markets to reopen, traders can simply head to EnclaveX and buy or sell RWAs immediately, ensuring they can always capitalize on any opportunities that arise within moments.
Traders will be able to enhance their RWA trading strategies by utilizing Enclave Intelligence, which was announced last week at the Avalanche Summit.
It’s a “strategy recommendation engine” that enables EnclaveX users to filter out key information from the hundreds of signals and newsbytes that are constantly occurring in real time, so they can immediately capitalize on anything they think might have an impact on asset prices.
Users set things up so they only receive insights for the markets that matter to them – such as crypto, commodities or stocks and shares.
The engine will ignore everything else so as to avoid drowning the user in noise.
When something happens – such as a sudden spike or decrease in an asset price, a news event, or something else – the user will see it pop up right away, so they can immediately take action to capitalize on any opportunities it presents.
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