BackedFi completes first auction of 8 RWA spots on Hyperliquid, each lot settled at 500 HYPE

Odaily reports that RWA project BackedFi has officially launched an RWA trading zone on Hyperliquid, with the first batch of 8 on-chain US stock and index assets, including the S&P 500 and individual NVIDIA stock. The initial auction for each asset was settled at 500 HYPE. Users can now directly use HYPE on Hyperliquid to purchase on-chain US stocks and index-based RWA assets.