Bitget has committed $300 million to a new institutional program for quantitative trading firms, asset managers and market makers, the exchange said Aug. 11.
Bitget Archimedes Terms
The program, called Project Archimedes, runs through two tracks. A $100 million Capital Provider Program will allocate money to emerging and growing quantitative firms that run market-neutral strategies, with returns shared under an agreed structure and risk framework.
A second track, worth $200 million, lends interest-free to established institutions that meet defined trading volume or position requirements, which the company said lowers funding costs.
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 aims to back more than 50 projects within six months.
Arbitrage returns across established crypto markets have tightened as competition increased, according to Bitget, pushing quantitative firms toward basis spreads, funding-rate differences and tokenized assets. Those trades usually require positions on both sides of a market. That ties up margin across separate accounts.
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.
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