Variational raises $50 million for RWA perps

Peer-to-peer trading startup Variational has secured $50 million in a Series A funding round, spearheaded by Dragonfly. The company is set to expand its derivatives trading services, notably offering perpetual futures contracts tied to real-world assets (RWAs). Initially, these contracts will cover commodities like oil, silver, copper, and gold. This funding aims to bolster Variational's position in the on-chain derivatives market and broaden its product offerings to include a wider array of RWA-based financial instruments.