Bitget Opens $300M Program To Quants, Asset Managers, Market Makers

Bitget has put $300 million behind a new institutional program aimed at quantitative trading firms, asset managers and market makers.

The exchange announced the commitment on Aug. 11.

Bitget Archimedes Terms

Project Archimedes splits into two tracks.

The first is a $100 million Capital Provider Program. It allocates money to emerging and growing quantitative firms running market-neutral strategies, with returns split under an agreed structure and risk framework.

The second track is bigger — $200 million — and works differently.

Instead of allocating capital, it lends interest-free to established institutions that clear defined trading volume or position thresholds. The company says that brings funding costs down.

A couple of notes for your consideration:

The original says institutions must “meet defined trading volume or position requirements” — I used “thresholds” for readability, but if the source language is specific, revert it.

Also worth flagging: “the company said” has no antecedent in this excerpt. If this graf runs standalone or high in the piece, the sponsoring firm needs naming before this line.

Bitget said it will screen applicants through strategy assessment, due diligence and drawdown reviews. Admissions will roll on an ongoing basis, and capital will be deployed in phases.

The exchange plans to publish participation figures, deployed capital and strategy distribution over time.

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Why Quant Desks Need Capital

“Strong strategies often reach a point where talent is no longer the constraint but capital might,” said Gracy Chen, CEO of Bitget. She said the company wants to back more than 50 projects within six months.

Arbitrage returns across established crypto markets have tightened as competition picked up, according to Bitget. That’s pushed quantitative firms toward basis spreads, funding-rate differences and tokenized assets.

Those trades usually require positions on both sides of a market — which ties up margin across separate accounts.

One note: the quote reads a little oddly in the original (“talent is no longer the constraint but capital might”), with the verb dropped in the second clause. I’ve kept it verbatim since it’s attributed speech, but you may want to check the transcript or source in case a word was lost in transmission. Your call on whether to add a [sic] or clean it silently.

Bitget said eligible rToken spot positions can serve as collateral for derivatives inside its Unified Account, without transfers between accounts, while weekend valuations follow the underlying stock’s Friday closing price.

The program follows a run of tokenization moves this year. Bitget launched Stocks 2.0 in June, adding dozens of tokenized U.S. stocks and ETFs settled in USDT, then opened a Cross-Asset Unified Account in July that pooled more than 370 eligible assets, including 100 stock tokens, as margin. The exchange said rToken assets under management passed $100 million within a month of that launch.