Arcus Opens Multi-Asset Collateral to All Traders, Sets Borrowing Limit at $10,000
Key Facts
Arcus announced on November 5, 2026, that it had made its multi-asset collateral feature available to every account on its platform, with no trading-volume requirement or manual activation, after an early rollout to a limited group of traders in October. The feature allows traders to collateralize perpetual positions with equity tokens and wrapped Ether alongside USDG, whereas most platform users previously needed USDG to meet margin requirements. Arcus founder and CEO Eddie Zhang said the value of equity tokens could be used to maintain an existing position, open a new trade or hedge exposure. The move turns assets held in a spot account into collateral that can be used in a perpetual account. The current borrowing limit is $10,000 per account, while the platform caps non-USDG deposits at $20,000 per account.
The process begins when users move eligible assets from their spot trading account to their perpetual account. When collateral is insufficient to meet margin requirements or cover losses, the shortfall is automatically borrowed in USDG against the transferred tokens. Variable interest accrues on the outstanding balance and is added to the loan, meaning that using an asset as collateral creates a credit obligation whose cost changes with the applicable interest rate. Arcus says the mechanism allows users to open perpetual positions while retaining spot exposure to equity tokens. The company also says it enables users to hedge directional exposure without selling the tokens.
Arcus sets the initial loan-to-value ratio at 50% for eligible assets, while the maintenance limit is 60%. Reaching the maintenance ratio means the account is approaching liquidation, and breaching the limit or the borrowing cap may result in account liquidation and closure of perpetual positions. At the liquidation threshold, open orders are canceled and cross-margin perpetual positions are closed, after which trading and withdrawals are temporarily suspended. Tokens are sold only to cover any deficit remaining after positions are closed. This sequence shows that collateral value and perpetual positions are subject to margin requirements together, and that a decline in collateral can narrow the room before liquidation.
The service is geographically restricted; Arcus says it is unavailable in the United States, Canada, the United Kingdom and certain other restricted jurisdictions. The expanded access follows an early rollout that had been limited to a small group since October, according to Yahoo Finance. In August, EL7 reported that Arcus had launched tokenized perpetual trading positions on the Robinhood network, while the company said at the time that trading volume on its platform had exceeded $2 billion, average daily trading had surpassed $100 million, and more than 85,000 users were on the perpetuals waitlist. Robinhood's monthly report showed more than 190 equity tokens on Robinhood Chain in August. Robinhood had announced the public launch of its mainnet on July 1, 2026, describing it as a layer-2 network for financial services and tokenized real-world assets.
Tokenization is also being used in other forms of collateral and on-chain trading. A previous report said Arcus's pToken protocol on Robinhood Chain converts managed perpetual accounts into transferable ERC-20 tokens for use in lending markets and other on-chain protocols. In July, Robinhood's monthly report listed perpetuals among the products launched by Robinhood Wallet. More broadly, the International Monetary Fund said collateral-tokenization trials in central clearing systems could speed up the mobilization of high-quality assets to meet margin calls. It warned, however, that code errors or data inputs could trigger procyclical automated responses. Arcus's new offering remains subject to the borrowing limits, collateral ratios and liquidation rules announced by the platform.