Bitget has launched Project Archimedes, a $300 million institutional funding program for quantitative trading firms, asset managers and market makers, combining $100 million in capital allocations for emerging market-neutral strategies with $200 million in interest-free loans for firms with established strategies and sufficient trading volume or positions. The exchange said applicants will be screened for operating history, strategy quality and drawdown risk, with the first phase focused on market-neutral firms and admissions handled on a first-come, first-served basis. Bitget CEO Gracy Chen said the initiative aims to help more than 50 projects scale over the next six months as profits from traditional crypto arbitrage narrow and firms shift toward trades such as basis spreads and funding-rate differences. Bitget also tied the program to its tokenization push, saying institutions using its Unified Account can post eligible rToken spot positions, including tokenized US stock exposure, as collateral for derivatives and use Friday closing prices for weekend collateral valuation.