Goldman Sachs, Citadel and Google Alumni Launch DeepSigma for Real-World Asset Perpetuals

Introduction

DeepSigma, a new decentralized exchange for real-world asset (RWA) derivatives, has launched a demo that lets users paper-trade perpetual futures on 77 markets, from US equities and indexes to commodities and Treasury yields.

Background

The platform is designed to extend crypto's perpetual futures model to traditional financial markets without tokenizing or taking custody of the underlying assets, the project notes. Its contracts use external price data to track real-world markets, enabling traders to gain long or short exposure without owning the assets themselves.

Key Features

DeepSigma plans to offer perpetual contracts with no expiration dates, using funding rates, oracle-based mark prices and an order book. Its matching engine and clearinghouse are designed to operate on the Cypherium blockchain, which combines proof-of-work with HotStuff-based Byzantine fault-tolerant consensus.

Development Team

The platform is developed by a team with experience spanning traditional finance, quantitative trading and technology companies including Goldman Sachs, Citadel Securities, Google and Uber. The wider leadership team includes Albert Xu as CFO, Chaoran Wang as CTO and Jenny Chen as chief quant director.

Regulatory Framework

DeepSigma has been designed around US regulatory frameworks from day one, with a development team whose experience spans traditional finance, quantitative trading and technology companies including Goldman Sachs, Citadel Securities, Google and Uber.