Goldman Sachs, Citadel and Google Alumni Bring RWA Perpetuals On-Chain with DeepSigma

DeepSigma has launched a live paper-trading demo covering 77 real-world markets, using Cypherium's patented blockchain technology to bring decentralized perpetual trading beyond crypto. A team of former Goldman Sachs, Citadel Securities, Google and Uber professionals is bringing perpetual futures trading to traditional financial markets with the launch of DeepSigma, a decentralized exchange focused on real-world assets (RWAs). Unveiled on October 13, the platform currently offers a live paper-trading demo spanning 77 markets, including U.S. equities, major stock indexes, commodities, sector ETFs and Treasury yields. The exchange is powered by Cypherium, a Layer 1 blockchain backed by four granted U.S. patents, and aims to address some of the challenges that have made bringing traditional financial derivatives on-chain more complicated than their crypto counterparts. Unlike tokenized asset platforms, DeepSigma does not require traders to own or take custody of the underlying assets. Instead, its perpetual contracts track real-world market prices through external data sources, allowing users to take long or short positions without owning the assets themselves. Bringing Crypto-Style Perpetuals to Traditional Markets Perpetual futures have become a major part of crypto trading, but applying the same model to traditional assets presents a different set of technical and market-structure challenges. While cryptocurrencies trade around the clock, traditional financial markets operate within defined trading hours. Liquidity can also vary significantly, and price discovery becomes more complicated when underlying markets are closed. DeepSigma is developing its infrastructure specifically around these differences. Its risk-management framework includes multi-source pricing, mark-price mechanisms, position and exposure limits, circuit breakers, partial liquidations and an insurance mechanism designed for stressed market conditions. The platform also uses a central limit order book alongside a clearing layer responsible for managing positions, collateral, margin and settlement. "Crypto has already demonstrated the demand for perpetual markets, but you cannot simply take the same model and put a stock or commodity ticker on it," said Sky Guo, CEO of DeepSigma and founder of Cypherium. "Real-world markets have different trading hours, liquidity conditions, pricing sources and regulatory considerations. We started DeepSigma with those differences in mind." The current demo includes perpetual markets tracking major indexes such as the S&P 500, Nasdaq Composite, Dow Jones Industrial Average, Russell 2000 and VIX. It also covers commodities including gold, silver, crude oil, natural gas and copper, alongside U.S. Treasury yields. Beyond paper trading, DeepSigma's terminal integrates market data, technical indicators, asset-specific news, portfolio tracking and a competitive leaderboard. An AI Market Analysis Desk can also generate potential trading strategies, although the system operates entirely off-chain and cannot execute trades or move user assets. Patented Cypherium Blockchain Powers the Exchange A central component of DeepSigma's infrastructure is Cypherium, the open, permissionless Layer 1 blockchain also founded by Guo.