Key Highlights
- DeepSigma unveiled a paper-trading demo covering 77 real-world asset (RWA) perpetual markets, including equities, indexes, commodities, and Treasury yields.
- The platform is being developed on Cypherium, a Layer 1 blockchain founded by DeepSigma CEO Sky Guo.
- Its proposed perpetual contracts track external market prices, allowing traders to take long or short positions without owning the underlying assets.
DeepSigma, a decentralized perpetual futures exchange for real-world assets (RWAs), has introduced a paper-trading demo for a decentralized exchange designed to offer perpetual futures linked to traditional financial markets, including U.S. equities, stock indexes, commodities, and Treasury yields.
In an announcement dated October 13, the company said the demo covers 77 RWA perpetual markets and is being developed on Cypherium, a Layer 1 blockchain founded by DeepSigma CEO Sky Guo. The demo allows users to test trading strategies without placing live trades. DeepSigma has not announced a date for live trading.
DeepSigma demo covers 77 RWA markets
The demo includes perpetual contracts linked to major U.S. stocks, the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Russell 2000, and VIX. Other markets cover S&P sector ETFs, commodities such as crude oil, gold, silver, natural gas, and copper, and U.S. Treasury yields.
Perpetual futures allow traders to maintain long or short positions without a fixed expiry date. DeepSigma’s proposed contracts would track external price data rather than represent ownership of the underlying stocks or commodities. Traders would not receive or take custody of those assets through the contracts.
Platform addresses pricing and liquidity challenges
DeepSigma says its trading infrastructure is designed to account for differences between traditional financial markets and crypto markets.
While crypto markets generally operate around the clock, U.S. equities and many other traditional assets follow set trading schedules. Prices and liquidity conditions can change outside regular market hours, potentially complicating the pricing and risk management of derivatives linked to those assets.
The company says its proposed risk framework includes multiple external price sources, mark-price mechanisms, position and exposure limits, circuit breakers, partial liquidations and an insurance mechanism for stressed market conditions.
The platform uses a central limit order book, alongside a clearing layer designed to manage positions, collateral, margin and settlement.
These are features of the proposed system. The paper-trading demo does not establish how the exchange or its risk controls would perform under live market conditions.
AI tool generates strategies but cannot trade
DeepSigma’s trading terminal combines paper trading with market data, technical indicators, asset-related news, portfolio tracking, and a leaderboard. It also includes an AI Market Analysis Desk designed to analyse markets and generate potential trading strategies.
According to DeepSigma, the tool operates off-chain and cannot execute trades or move users’ assets. Its role is limited to analysis and strategy generation. The company has not provided independent performance results for the AI-generated strategies.
Zero-knowledge eligibility system remains in development
DeepSigma is developing identity infrastructure based on the principle of “prove eligibility, not identity.” The proposed system would use zero-knowledge proofs to let participants demonstrate that they meet specified eligibility criteria without publishing their underlying personal information on-chain.
The company says the approach is intended to support privacy while accounting for regulatory requirements. However, the company has not announced a launch date or provided detailed implementation requirements for the system.
Cypherium provides the blockchain infrastructure
DeepSigma is being developed on Cypherium, a permissionless Layer 1 blockchain that combines Proof-of-Work with HotStuff-derived Byzantine Fault Tolerant consensus, according to the company. DeepSigma lists four granted U.S. patents covering Cypherium technology: 12,443,569; 11,907,174; 11,516,006; and 11,411,721.
The company says the blockchain is designed to support high transaction throughput for financial applications. The announcement does not provide independent benchmark results showing how the DeepSigma platform performs under live trading conditions.
DeepSigma’s team and infrastructure
DeepSigma CEO Sky Guo also founded Cypherium. The company lists Albert Xu, a former FICC portfolio manager at Goldman Sachs, as CFO; Chaoran Wang, who has worked at Google and Uber, as CTO; and Jenny Chen, a former Citadel Securities employee, as Chief Quant Director.
The team’s experience spans finance, quantitative trading and technology. The exchange’s capabilities, however, will depend on how its proposed infrastructure performs once it moves beyond testing.
DeepSigma enters the RWA trading landscape
The launch follows earlier coverage by The Crypto Times of blockchain-based platforms offering access to real-world assets.
In its March 28, 2025 article, RWA Revolution adds 4 Platforms For Trading Real-World Assets, the publication examined platforms focused on bringing real-world assets into blockchain-based markets.
DeepSigma takes a derivatives-based approach rather than directly tokenizing the underlying assets. Its contracts are designed to provide price exposure, not ownership of the referenced stocks or commodities.
DeepSigma’s current release is limited to paper trading. The company has not announced when live trading will begin, and its proposed risk controls, eligibility system, and AI tools have not been evaluated through live-market use in the material reviewed.
Also Read: Bitmine Buys 12,532 ETH, Holdings Hit 6.03 Million as 5% Ethereum Cap Nears
