From SpaceX To Treasuries: Inside Bitget’s Push To Tokenize The World’s Assets
Cryptocurrency exchange Bitget has spent the past nine months quietly transforming from a crypto exchange into a gateway for global financial markets. The shift is deliberate, and the scale is already surprising. Driven by a conviction that tokenization is fundamentally a financial infrastructure story rather than a crypto one, the platform has rolled out access to tokenized Treasuries, gold, equities, and pre-IPO stocks in successive phases since late 2025.
The results are hard to ignore: tokenized traditional assets now account for roughly 40% of total trading volume on Bitget — a figure that would have been unthinkable for a crypto exchange even two years ago. Gold trading volume on the platform, including tokenized gold spot products and CFD instruments, hit $90.7 billion in Q1 alone.
Across the broader market, tokenized equities have grown approximately 30 times year-over-year, from around $32 million at the start of 2025 to nearly $1 billion by early 2026, with Bitget and Binance the dominant distributors in that space. The exchange is not positioning this as a sideshow to its core crypto business. It is positioning it as the next chapter of finance itself.
The Problem Tokenization Is Solving
In order to understand why Bitget is making this bet, it helps to start not with blockchain technology but with a structural frustration faced by hundreds of millions of investors around the world. Consider a retail investor in Southeast Asia who wants exposure to a U.S. Treasury bond, shares in a private technology company before its IPO, or even common U.S. equities.
For someone based in New York, this might be a few taps on a brokerage app. For that Southeast Asian investor, the reality looks entirely different. Minimum capital requirements for fixed income or pre-IPO exposures can run from $50,000 to $200,000. Getting money there requires navigating offshore brokerage accounts, absorbing multi-day cross-border wire fees, and watching margin erode through foreign exchange conversions. The transaction itself passes through a chain of global custodian banks, local brokers, and clearing houses, each extracting a cut. The World Bank estimates that sending international remittances costs an average of 6.36% of the amount sent — a figure Bitget describes as an unnecessary structural tax on cross-border wealth.
Crypto payment infrastructure offers an alternative. Through what Bitget calls the “sandwich model” — where users send and receive fiat on both ends while the cross-border leg runs through blockchain — transfers can settle in around 30 minutes. With a stablecoin wallet, it can be near-instant, for a cost of $0.10 to a few dollars. The growth of stablecoins like USDT and USDC has created a vast pool of on-chain liquidity that is now, in Bitget’s view, looking for somewhere productive to go.
RWA tokenization is one answer. “Markets are becoming more digital, more continuous, and more globally accessible,” CEO Gracy Chen argues, “yet many countries remain unbrokered.” The investor understands the asset and wants it. The barrier is purely structural. “If the first wave of crypto was about banking the unbanked, the new era is about brokering the unbrokered.”
From Equities to Pre-IPO: What Bitget Is Building
Not all tokenization is the same, and Bitget is deliberate about where it draws the line on product integrity. The structure it favors — and the one it describes as a “real RWA” — involves the underlying asset being held inside a special purpose vehicle, ring-fenced from platform risk. Bitget’s primary tokenized equities partner, xStocks, operates a dedicated SPV for each individual stock it tokenizes, meaning the token represents a claim on an asset that exists independently of the exchange. This is a meaningful distinction in a market where synthetic products that merely track price performance, without holding any underlying asset, remain common.
Bitget is equally candid about the limitations of the current generation of tokenized products. Liquidity thins when traditional markets are closed, making large weekend orders costly. Dividend treatment is inconsistent across providers, which can cause price divergence between a token and its underlying stock. These are known problems, and the exchange says its next product iteration is being designed to address them directly.
The more ambitious frontier is pre-IPO access. Bitget’s IPO Prime product allows users to commit from as little as 100 USDT to pre-listing companies — a space traditionally reserved for institutional investors with minimum cheques in the hundreds of thousands. A pre-SpaceX offering drew commitments three times the available $60 million allocation; the token moved from approximately $650 to over $900 within a month. A second round, introduced with a lock-up period, was five times oversubscribed. These are structured contractual products held through third-party SPVs, not direct equity — regulatory complexity makes direct equity issuance across dozens of jurisdictions impractical — but for the approximately 1.4 billion adults globally without access to traditional financial infrastructure, Bitget’s argument is that access to the economic exposure is what matters most.
The long-term target is sweeping. Chen projects that by 2030, roughly 10% of all global financial assets will exist in tokenized form. Tokenized equities currently sit at less than 0.01% of a $125 trillion market. Getting to 10% will require liquidity to deepen, regulatory frameworks to mature, and institutional players — NYSE, Nasdaq, and the SEC are all actively experimenting — to follow through on their early moves. The trajectory, Bitget believes, is already set. The next decade of financial markets will not be defined by what new assets are created, but by who gets access to the ones that already exist.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
