Bitget Launches Tokenized Stock Trading on Blockchain

Bitget, a leading cryptocurrency exchange, has launched tokenized stock trading on its Onchain platform, enabling crypto users to trade digital versions of real-world stocks directly on the blockchain. This integration, powered by Kraken’s xStocks infrastructure, allows users to trade tokenized assets such as TSLAx, NVDAx, and MSTRx, which reflect the value of their traditional counterparts with added benefits like transparency, faster settlement, and zero transaction fees. The service operates on a 24/5 model, bypassing conventional market hours and offering instant settlement.

Bitget CEO Gracy Chen highlighted that this rollout bridges the gap between traditional and crypto finance, marking a shift toward more flexible, borderless investing. The Onchain platform eliminates the need for private keys or external wallets, blending centralized convenience with blockchain transparency. This move is part of a broader industry trend where exchanges are increasingly offering tokenized stocks, enabling users to trade traditional financial instruments on blockchain rails.

Bitget's strategic partnership with xStock, a stock tokenization platform, has facilitated the launch of six tokenized stock products. This collaboration aims to connect centralized exchanges (CEX) and decentralized exchanges (DEX), offering users a more convenient, efficient, and secure trading experience. The tokenized stocks are represented as BEP-20 tokens on the BNB Chain, making them accessible to users across the ecosystem. This development is part of a broader industry trend where other exchanges have also begun offering tokenized stocks.

The introduction of tokenized equities on the BNB Chain allows for the issuance of tokens representing U.S. stocks like Apple, Tesla, and the S&P 500 ETF. These tokens are now accessible to users across the BNB Chain’s ecosystem, joining the xStocks Alliance. This alliance includes exchanges and DeFi protocols that offer trading with 60 equity and ETF tokens on crypto rails. The goal is to integrate these equity tokens more deeply into DeFi, making them available for movement across protocols and chains or for use as collateral for borrowing.

The potential for these instruments to behave as programmable settlement primitives is significant, unlocking features such as atomic settlement, real-time global transferability, and composability with on-chain lending, derivatives, and structured products. This move is part of a broader trend where trading platforms are racing to bring equities onto blockchain rails, as the tokenization of traditional financial instruments gains momentum. The ability to trade stocks 24/7 and integrate them with DeFi protocols represents a significant advancement in financial innovation, offering new opportunities for investors and traders alike.

Founded in 2018, Bitget now serves over 100 million users globally through its exchange and wallet products—and with this move, it’s betting big on a future where crypto and stocks trade side-by-side. xStocks, the engine behind the system, is emerging as a major player in tokenized equity infrastructure, catering to digital-native investors seeking continuous access to traditional markets.