XAUT options are now live on Derive, marking the first real-world asset options market on Derive.
This launch brings onchain options infrastructure to tokenized gold, giving traders a new way to hedge exposure, structure positions, and express volatility views around one of the world’s oldest stores of value.
Until now, most RWA markets have focused on spot exposure. XAUT options add a new layer to that market: traders can now build strategies around tokenized gold using calls, puts, spreads, covered calls, hedges, and other options-based structures.
For Derive, this is an important step beyond crypto-native assets. BTC, ETH, SOL, HYPE, ZEC and other markets have shown the demand for onchain derivatives across liquid crypto assets. XAUT opens the door to a broader category: options markets for real-world assets.
This is still early, but it points toward where onchain market structure can go next. As more real-world assets move onchain, traders will need more than spot markets. They will need tools to manage risk, express views, and build structured products around those assets.
