GMXSOL Disrupts TradFi with First-Ever RWA Perpetual Contract for S&P 500 ETF

Wall Street's worst nightmare just went crypto. GMXSOL has flipped the script by launching the first perpetual contract for an S&P 500 ETF—bringing real-world assets (RWA) on-chain with zero intermediaries.

No more waiting for market open. No more custody headaches. Just 24/7 exposure to America's favorite index with all the leverage DeFi traders crave.

The move signals a seismic shift: TradFi dinosaurs now face direct competition from permissionless derivatives. Will BlackRock start sweating? Probably not—but their lawyers just got a whole lot busier.

One thing's certain: the line between crypto and traditional finance just got blurrier. And for once, it's not because of some regulatory gray area—it's because DeFi finally built something better.

U.S. equities and ETFs onchain

Major developments within the crypto regulatory landscape, including the landmark stablecoin law GENIUS Act, is buoying investors. The U.S. Securities and Exchange Commission chair Paul Atkins recently launched “Project Crypto” as it looks to bring America’s capital markets onchain. 

GMXSOL is one of the DeFi protocols eyeing expansion in this space, with a major step being the strategic integration with Chainlink. 

Recently, Chainlink unveiled its Data Streams for the U.S.-listed equities and ETFs. On-chain perpetual and spot exchange GMX, which allows for trading of BTC, ETH and SOL perpetual futures with up to 100x leverage, and DeFi protocol Kamino, have also adopted Chainlink Data Streams to tap into real-time pricing for top stocks and ETFs. 

Tokenized assets available to traders across the platforms include SPY, CRCL, QQQ, NVDA and AAPL. Chainlink’s Data Streams are live across 37 blockchain networks.