- Bitget launches Project Archimedes, a $300M program to help institutional firms scale crypto strategies.
- The initiative includes $100M for quant firms and $200M in interest-free capital for traders.
- It aims to support 50+ projects, focusing on market-neutral strategies and tokenized assets
Bitget has launched Project Archimedes, a $300 million program to give trading firms, asset managers and market makers more capital to grow their digital asset strategies.
The program focuses on a major challenge for institutional crypto traders: getting enough capital to scale. As profits from traditional crypto arbitrage become smaller, firms are looking for other opportunities, such as basis trading, funding-rate differences and tokenized assets.
$100M Capital Provider Program
The first part of Project Archimedes will provide $100 million to growing quantitative trading firms using market-neutral strategies.
Firms will receive capital under agreed profit-sharing and risk-management terms. The goal is to help promising trading teams grow without limited access to funding holding them back.
$200M Interest-Free Lending Program
The remaining $200 million will help established trading firms with proven strategies and strong trading volumes.
Eligible firms can get interest-free capital if they meet certain trading-volume or position requirements. This helps lower funding costs and gives firms more money to grow their existing strategies.
Bitget CEO Gracy Chen said some trading firms have strong strategies and talented teams but lack enough capital to grow. Project Archimedes aims to support more than 50 projects over the next six months.
Focus on Tokenized Assets
Project Archimedes will first focus on market-neutral strategies from firms with a strong track record and good risk controls.
Tokenized U.S. stocks are one area Bitget sees as promising. Price and funding differences between spot and derivatives markets can create arbitrage opportunities. However, these strategies often require firms to keep capital on both sides of a trade.
Bitget’s Unified Account aims to make this more efficient. Eligible rToken spot positions can be used as collateral for derivatives trading without moving funds between separate accounts.
This allows institutions to hold tokenized stocks while also trading related derivatives from the same account. When U.S. markets are closed over the weekend, the value of the collateral will be based on the stock’s Friday closing price.
Bitget Plans a Phased Rollout
Joining Project Archimedes will involve strategy reviews, due diligence and checks on how funds are used. Bitget Institutional says the program will be a long-term partnership, with new participants joining over time and funding provided in stages.
Bitget plans to share more details later, including the number of participants, how much capital has been deployed and which strategies are being supported.
The program is part of Bitget Institutional’s wider plan to become a capital partner for professional trading firms. It combines funding with liquidity, trading tools and access to a global institutional network.
By offering both direct funding and interest-free loans, Project Archimedes aims to help growing trading firms scale and help established firms use their capital more efficiently.
Related: Bitget rToken Trading Activity Surges 18x as Tokenized Assets Top $100M
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