Bitget Unveils $300 Million Project Archimedes to Back Quant Firms and Asset Managers
Bitget Institutional has launched Project Archimedes, a $300 million initiative aimed at supporting quantitative trading firms and asset managers. The program will provide capital to eligible firms through two programs: the Capital Provider Program and the Interest-Free Lending Program.
The Capital Provider Program allocates $100 million to accelerate emerging and growing quantitative firms running market-neutral strategies. Bitget will provide capital, with returns shared under an agreed structure and risk framework.
The Interest-Free Lending Program offers $200 million to established institutions with mature strategies and existing trading scale. Eligible firms can access interest-free capital by meeting defined trading volume or position requirements, reducing funding costs while increasing the capital available to their strategies.