Bitget's UEX Model Scales With $18B in Tokenized Stock Volume and 82% Institutional Participation

Bitget’s Universal Exchange (UEX) model has seen significant growth in 2025, driven by rising demand for tokenized stocks. The platform processed $18 billion in tokenized stock futures volume by December 2025, as institutional participation in spot trading reached 82%. This highlights a shift toward professional-grade trading on the platform.

Tokenized stocks have emerged as a major growth driver for Bitget, with trading activity intensifying in the last months of 2025. Futures volume reached $13.6 billion in November alone, while spot trading in tokenized stocks hit $1 billion in December, representing 89% of Ondo’s tokenized stock volume for the same period.

The UEX model integrates centralized spot and derivatives trading with on-chain execution, enabling 24/5 access to tokenized equities. This allows users to respond to market-moving events such as earnings announcements and macroeconomic shifts outside traditional U.S. market hours.

Why Did This Happen?

The rapid scaling of Bitget’s UEX model is driven by institutional adoption and the appeal of tokenized equities. Institutional participation increased from 39.4% in January to 82% by December, while institutional market makers accounted for 60% of futures trading activity.

This shift reflects a broader structural move toward on-chain execution and 24/7 market access. Institutional investors are increasingly viewing tokenized equities as a way to access traditional assets with greater liquidity and flexibility. Bitget’s AI-assisted execution tools and cross-asset integration are also attracting institutional participants.

How Did Markets React?

Tokenized equities have become a key pillar of Bitget’s UEX model. Trading activity is concentrated in major U.S. equities, with Tesla leading in cumulative volume at over $6.3 billion. Meta, MicroStrategy, Apple, and Google followed with combined volume exceeding $6.6 billion.

The demand for these assets is driven by earnings-driven volatility, leveraged trading strategies, and increased interest in AI- and macro-sensitive stocks. The growing appetite for tokenized equities is also linked to the ability to trade outside U.S. market hours and settle trades on-chain.

What Are Analysts Watching Next?

Geographic distribution of tokenized stock trading shows a strong East Asian presence, with 39.6% of activity originating from the region. Latin America, Southeast Asia, and Europe are also seeing increased participation, reflecting the global appeal of tokenized equities.

Analysts at Messari note that tokenized equities are moving from experimentation to a core market structure. The UEX model is redefining how investors access traditional assets, with unified execution and continuous markets becoming expected features rather than niche tools.

The expansion of Bitget Onchain also supports the UEX model’s growth. The platform generated $2.4 billion in cumulative trading volume in 2025, enabling users to trade across multiple blockchain networks using centralized exchange balances.

As institutional participation continues to rise, the UEX model is positioned to reshape global capital access. The convergence of digital assets, tokenized real-world assets, and institutional liquidity within a single execution environment is reshaping market infrastructure. This trend is expected to continue as tokenized equities mature as a mainstream asset class.