Source: A16Zcrypto
RWA perpetual futures contracts let traders bet on real-world asset prices—from commodities to equities—without custody or settlement friction, collapsing barriers that traditionally required brokerage accounts or commodity exchanges. This removes intermediaries from price discovery for traditional assets. The shift signals that decentralized infrastructure is now competitive enough to arbitrage away existing financial plumbing. The real test is whether regulated brokers and clearinghouses move on-chain themselves or lose market share to traders already migrating their leverage activity to crypto rails.