Bitget Launches $300 Million "Archimedes Program" to Provide Dedicated Funding Support for Quantitative and Asset Management Institutions

TechFlow reports, on August 12, Bitget announced the launch of "Project Archimedes", establishing a special fund with a total size of $300 million to provide capital support for quantitative trading companies, asset management institutions, and market maker institutions. The plan includes two sub-projects: a $100 million "Capital Support Plan", focusing on supporting emerging and growing quantitative institutions adopting market-neutral strategies; a $200 million "Interest-Free Loan Plan", targeting institutions with mature strategies and certain trading scales, where those meeting corresponding trading volume or position standards can obtain interest-free funds to reduce financing costs and expand strategy scale.

Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming important factors for whether strategies can achieve scalability. Project Archimedes hopes to help teams with mature capabilities expand strategy scale through capital support, and expects to support over 50 projects within the next six months. At the same time, relying on Bitget Unified Trading Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining tokenized stock exposure and contract strategies simultaneously without cross-account transfers, further improving capital efficiency.

Project Archimedes will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will subsequently regularly disclose progress such as the number of participating institutions, capital deployment scale, and strategy distribution.