Dreamcash Launches RWA Perpetual Contract Market on Hyperliquid With USDT0 Collateralization

Dreamcash, a mobile trading platform, announced a collaboration with Tether and Selini Capital to launch a series of RWA-based HIP-3 perpetual contract markets on Hyperliquid. The initiative uses USDT0 as the collateral mechanism for these contracts. The development aims to bridge traditional finance and crypto markets by enabling real-world asset (RWA) tokenization and trading on-chain.

Perpetual contracts are derivative instruments that allow traders to speculate on price movements without an expiration date. By leveraging USDT0 as collateral, Dreamcash is targeting institutional and sophisticated retail investors who require stable and liquid collateral for leveraged trading. The move aligns with growing interest in RWAs as a means of diversifying crypto portfolios while maintaining regulatory clarity.

Tether, a major player in the stablecoin market, provides the underlying infrastructure for USDT0, which has been fully collateralized since its launch. The use of Tether's stablecoin addresses concerns about volatility and liquidity in crypto-backed collateral systems.

Why Did This Happen?

The partnership emerged as part of broader industry momentum toward tokenizing real-world assets. RWAs, such as real estate, bonds, and commodities, are increasingly being represented on blockchain platforms to improve liquidity and accessibility.

Hyperliquid, a decentralized exchange with a focus on high-performance order books, provides the infrastructure for these perpetual contracts. Its ability to handle high-frequency trading and deep liquidity makes it an ideal platform for RWA trading.

Selini Capital, a financial services firm, has been active in RWA tokenization and compliance solutions. Its involvement adds a layer of institutional credibility to the project, especially in jurisdictions with strict financial regulations.

How Did Markets React?

The announcement did not trigger immediate price movements in Tether's USDT token. However, it reinforced Tether's role as a key collateral mechanism in the growing RWA market.

Market participants view the move as a step toward legitimizing RWA markets. The use of fully collateralized stablecoins addresses one of the primary concerns in crypto-backed trading: counterparty risk. By leveraging USDT0, Dreamcash and Hyperliquid are offering a more stable and predictable environment for perpetual contract trading.

Regulatory observers have noted that this type of initiative requires careful alignment with compliance frameworks in key markets. The involvement of Selini Capital suggests that the project is designed with institutional and regulatory considerations in mind.

What Are Analysts Watching Next?

Analysts are closely monitoring the performance of RWA perpetual contracts on Hyperliquid. They will assess factors such as trading volume, liquidity depth, and price discovery mechanisms. These metrics will provide insights into whether the market can sustain long-term interest.

Another key area of focus is the broader RWA ecosystem. While tokenizing assets on blockchain platforms has seen significant growth in 2026, challenges remain in terms of custody, valuation, and regulatory alignment. The success of this initiative may depend on how well it integrates with existing financial infrastructure.

The use of USDT0 as collateral also raises questions about Tether's long-term strategy. Tether has been expanding its product offerings, including launching Tether-based loans and asset-backed tokens. This project may further enhance the utility of Tether's stablecoin in institutional markets.

Overall, the launch represents a strategic move by Dreamcash to position itself as a leader in RWA trading. By partnering with Tether and Selini Capital, the firm is tapping into established infrastructure and compliance frameworks, which could attract a new segment of institutional investors to the market.