Bybit launches industry-first XAUT options for tokenized gold

Bybit unveils XAUT options, becoming the first exchange to offer options on tokenized gold, revolutionizing the trading of tangible assets in the crypto market.

In a significant move for the cryptocurrency landscape, Bybit has launched XAUT options, making it the first cryptocurrency exchanges to offer options on a tokenized real-world asset, specifically gold. This innovative offering is set to reshape how traders interact with tangible assets through a digital format. What Are XAUT Options? XAUT options are an evolution in the trading of tokenized assets, allowing traders to gain exposure to one of the most stable stores of value—gold. Each XAUT is backed by physical gold, providing a digital gateway for investors and traders to access this precious metal without the complexities of traditional purchasing and storage. How Does This Benefit Traders? With the introduction of XAUT options, traders can hedge their positions, express market views, and seize volatility opportunities in a crypto-native environment. This expansion into options trading opens up various strategic approaches for both retail and institutional investors. Who Is Partnering with Bybit? To support the launch of XAUT options, Bybit has teamed up with Orbit Markets , a well-known options liquidity provider. Orbit Markets brings a wealth of knowledge from both digital and traditional finance derivatives, ensuring robust liquidity and seamless execution for XAUT options trading. What Is RFQ Functionality? In addition to standard trading options, Bybit and Orbit Markets are rolling out a Request for Quote (RFQ) functionality. This feature allows institutional and professional clients to request tailored options trading solutions for customized needs—such as non-standard strikes and specific expiries. This flexibility is particularly advantageous for entities requiring more complex strategies. What Does This Mean for the Market? The launch of XAUT options signals a significant commitment from Bybit to bridge the gap between traditional finance (TradFi) and the rapidly evolving world of cryptocurrencies. By integrating traditional asset exposure with innovative