Key facts
- Bitget has been named the leader in liquidity and execution quality for tokenized equities by DeFiLlama.
- The tokenized equity market is nearing $2 billion in value.
- Bitget achieved the smallest median bid-ask spread of 0.83 basis points.
- Bitget offered the highest top-of-book liquidity among analyzed tokenized stock platforms.
- Bitget led in liquidity depth for 32 stock perpetual contracts at the 5-basis-point level.
Crypto exchange Bitget has been recognized as the leader in liquidity and execution quality for tokenized equities, according to a new report by DeFiLlama. The tokenized equity market has seen significant growth, increasing by over 140% this year and is approaching a total market capitalization of $2 billion.
DeFiLlama evaluated various equity tokenization marketplaces, assessing metrics such as brokerage integration, reserve verification, dividend treatment, settlement models, and trading infrastructure. The study specifically compared quoted liquidity and execution quality across different trading venues.
Bitget emerged with the best trading experience, demonstrating the smallest median bid-ask spread of 0.83 basis points and the highest top-of-book liquidity among the analyzed platforms. The exchange also performed strongly in perpetual markets, leading in liquidity depth at the 5, 10, and 50 basis point levels for a significant number of contracts.
Gracy Chen, CEO of Bitget, emphasized the importance of liquidity and efficient trading for tokenized assets, stating that these factors are crucial for investor confidence as the market expands. The report also highlighted the high adoption of Bitget's Reality rTokens, which recorded over $1.16 billion in cumulative trading volume between June and July, with a notable focus on technology and semiconductor companies.