Bitget adds tokenized stocks and ETFs as futures collateral
IN SHORTCrypto exchange Bitget now accepts tokenized versions of Apple, Tesla, Nvidia, and 12 other stocks and ETFs as collateral for USDT-M futures. This move, part of its Unified Trading Account system, aims to improve capital efficiency and flexibility by allowing users to manage futures positions while maintaining exposure to traditional market-linked products.
Key Numbers
15tokenized stocks and ETFs added as collateral
June 4date of the update
130+tokenized stocks and ETFs integrated via Bitget Wallet
100+tokenized stocks, ETFs, commodities, forex, and metals offered by Bitget ecosyst
Who's Involved
Bitget
Crypto exchange expanding tokenized asset utility
Gracy Chen
CEO of Bitget, commenting on user demand for tokenized assets
↳ Why This Matters
This development enhances the utility of tokenized assets, bridging traditional and crypto markets and potentially increasing capital efficiency for traders on the Bitget platform.
Key facts
- Bitget now accepts tokenized stocks and ETFs as collateral for USDT-M futures.
- Eligible assets include tokenized versions of Apple, Tesla, Nvidia, Amazon, Meta, Google, Microsoft, Intel, Munich Re, ASML, Broadcom, TSMC, QQQ, SPY, and SNDK.
- The update is part of Bitget's Unified Trading Account system, allowing management of various assets without fund transfers.
- Bitget's Reality platform, launched in May, is a regulated tokenization platform for rTokens.
- The exchange aims to improve capital use and provide flexibility across different asset classes.
Crypto exchange Bitget has enhanced its futures trading capabilities by incorporating tokenized stocks and ETFs as collateral for USDT-M futures. This update allows users to leverage assets like tokenized Apple (rAAPL), Tesla (rTSLA), and Nvidia (rNVDA), alongside 12 other equities and ETFs, within Bitget's Unified Trading Account system. The move aims to improve capital efficiency by enabling users to manage futures positions while maintaining exposure to traditional market-linked products without needing to convert holdings into a single settlement asset.
Bitget's Unified Trading Account consolidates spot assets, futures, and margin requirements into a single structure, facilitating better capital allocation across asset classes. The integration of tokenized stocks and ETFs as collateral broadens their utility beyond simple spot trading. Bitget CEO Gracy Chen highlighted that this expansion caters to user demand for greater flexibility and cross-market access within the platform.
This initiative is supported by Bitget's recent efforts to build its tokenized asset ecosystem, including the launch of its regulated tokenization platform, Reality, in May. Reality focuses on creating rTokens that track publicly traded U.S. stocks and ETFs on a one-to-one basis, handling aspects like liquidity, reserves, and corporate actions. Furthermore, Bitget Wallet's integration with xStocks infrastructure in May expanded access to self-custodial tokenized assets, adding over 130 tokenized stocks and ETFs. Bitget's ecosystem now boasts over 100 tokenized products, including stocks, ETFs, commodities, forex, and metals.