Key facts
- Bitget has launched a Fixed Coupon Note (FCN) Plan for tokenized US equities.
- Eligible rTokens include SNDK, MRVL, SKHY, NVDA, and MU.
- Users select a strike price and deposit USDT for a set duration.
- Settlement is based on the asset's price at maturity relative to the strike price.
- The product is not principal-protected, carrying risk of loss if stock prices decline.
Crypto exchange Bitget has introduced a new financial product called Fixed Coupon Notes (FCNs), designed to offer users exposure to tokenized U.S. equities with a fixed coupon payout. The plan allows users to select a strike price for eligible stock rTokens, such as those representing SanDisk, Marvell, Skyworks, Nvidia, and Micron, and deposit USDT for a predetermined period. The settlement outcome depends on the stock's price at maturity compared to the chosen strike price. If the stock price is at or above the strike price, users receive their initial USDT principal along with the specified coupon. However, if the stock price falls below the strike price, the user's principal is converted into the corresponding rToken at the agreed-upon price, while the coupon is still paid in USDT. Bitget CEO Gracy Chen explained that the FCNs are intended for individuals who wish to enter an equity position at a price they are comfortable with, earning a return while waiting for that price level. This offering is part of Bitget's broader Universal Exchange (UEX) initiative, aiming to integrate traditional finance assets with crypto on a single platform. The exchange cautioned that the product is not principal-protected, meaning users could incur losses if the price of the underlying stock declines significantly after they have purchased the rTokens. A promotional campaign for the FCN Plan is scheduled from August 17 to September 18, 2026, offering rewards to first-time and cumulative subscribers.