Bitget's Tokenized Stocks Gain Traction as Retail Demand Accelerates
Bitget’s tokenized equities products feature some of the tightest spreads and deepest liquidity in the market, which aligns with the strong trading activity observed since launch.
For years, financial executives touted the revolutionary potential of tokenized equities. While many remained cautious about cryptocurrencies, they recognized that blockchain infrastructure could transform how stocks and bonds are traded. For much of that time, widespread adoption always seemed just over the horizon. Suddenly, it’s at our doorstep.
The value of all tokenized equities has grown 140% in 2026, to more than $1.9 billion, according to DefiLlama data. Bitget, Binance, Kraken, Ondo, and Bybit have launched tokenized equity products. The momentum extends beyond crypto-native platforms. Robinhood recently launched its own blockchain for tokenized real-world assets, highlighting growing interest from traditional finance firms.
In our latest report, we take a look at Bitget’s Stocks 2.0, a product suite that offers users two ways of gaining exposure to both private and publicly listed companies, including companies such as SpaceX and Nvidia.
In the report, our analysis found that Bitget’s tokenized equities products feature some of the tightest spreads and deepest liquidity in the market, which aligns with the strong trading activity observed since launch.
The traditional option
Bitget Stocks 2.0 introduced two products: Bitget Stock+ and Reality rTokens.
The former offers conventional ownership in company equity. Users remain in the Bitget app, but execution, clearing, settlement, and custody of the securities are handled by traditional financial institutions.
Securities purchased through Stock+ are held in their own account and are not issued as onchain tokens. As such, they cannot be withdrawn to a crypto wallet or used in the broader DeFi ecosystem. They do, however, confer direct ownership of company shares, as well as the right to any dividends or participation in shareholder votes.
Stock+ serves users looking for a traditional brokerage experience, while Reality rTokens target crypto-native investors seeking onchain exposure.
rTokens’ retail rush
Bitget’s Reality rTokens are, as their name implies, tokenized equities. Here’s how they work.
Bitget’s Reality Protocol handles the minting and burning of rTokens. It also maintains the relationship between the supply of rTokens and the securities they represent, which are held in segregated reserve accounts. Finally, the protocol distributes dividends and adjusts user balances based on actions taken at the corporate level, such as stock splits or reverse splits.
To be sure, rTokens have their drawbacks. Holders are not registered owners of the underlying securities. That means holders have no voting rights, among other things. They are, however, able to withdraw their tokens to crypto wallets and use them across DeFi applications such as lending markets, liquidity pools, and more. It also means they can be minted or redeemed 24 hours a day, five days a week. Secondary trading on Bitget is available 24/7.
Bitget’s rTokens have generated significant momentum since their launch. Between June 2 and July 19, rToken spot markets saw $1.16 billion in cumulative trading volume. The increase wasn’t limited to the initial launch period. The average daily trading volume in June was $17.9 million. Through the first 19 days of July, it was $33.8 million.
The overwhelming majority of that volume has come from retail traders. Individual users accounted for $1.1 billion, or 95%, of cumulative spot volume. Their average trade size was just $422. These figures reflect the promise of tokenization, which allows for fractionalization of stocks that might otherwise be too expensive for a small-dollar investor to purchase.
Thus far, users have shown interest in just a handful of stocks, with 10 markets accounting for 83% of spot volume. Semiconductor tokens accounted for just under half of spot volume, reflecting strong demand for AI-related equity exposure. Other tech companies, such as SpaceX and Tesla, accounted for another 34%.
An apples-to-apples comparison of five markets across five separate issuers of tokenized equities, Bitget, Bybit, Binance, Kraken, and Ondo, shows that Bitget recorded some of the tightest bid-ask spreads and deepest order-book liquidity among the platforms analyzed.
To read the rest of our analysis, including how Bitget’s real-world asset perpetuals fare against the competition, read our report here.