Key Insights
- Bitget’s new account enables cryptocurrencies and tokenized US stocks to have the same margin pool, which optimizes capital usage.
- The tokenized stocks can be used as collateral, borrowing for stablecoins, and exposure to dividends without selling the tokens.
- The launch marks a shift in the nature of exchanges as they are increasingly used beyond just price discovery, with tokenized real-world assets playing an increasing part.
Bitget has launched a Cross-Asset Unified Account, which allows users to access crypto and tokenized US equities with a unified margin system.The launch expands capital efficiency by allowing traders to use more than 370 eligible assets, including 100 tokenized US stocks, within a single collateral pool.
The new account structure marks the exchange’s latest effort to connect digital assets with traditional financial markets. It also broadens the practical use of tokenized real-world assets by allowing them to support trading, borrowing, and portfolio management without forcing users to sell their holdings.
A New Stage for Unified Trading
The latest rollout builds on Bitget’s existing Unified Trading Account, which already allowed several cryptocurrencies to share a common margin pool. The exchange has now extended that framework to include tokenized US equities, known as rTokens, alongside other eligible real-world assets.
Users can hold supported rTokens while using them as collateral for futures and margin trading. They can also pledge those assets to borrow stablecoins instead of liquidating their positions. According to the exchange, eligible collateral receives discount rates of up to 95%, depending on the asset and the size of the position. Meanwhile, borrowing costs adjust every hour based on market supply and demand.
Gracy Chen, Chief Executive Officer of Bitget, said tokenized stocks should offer the same flexibility as cryptocurrencies. She added that a stock position should support additional trades or unlock liquidity instead of remaining isolated inside a trading account.
The initial list includes tokenized versions of major US companies and exchange-traded funds. Supported assets include Apple, Amazon, Nvidia, Microsoft, Meta, Tesla, JPMorgan, Walmart, Visa, Strategy, the S&P 500 ETF, and the Nasdaq-100 ETF.
Key rollout details
Feature Details
Eligible assets: More than 370
Tokenized US stocks: 100 rTokens
Collateral discount: Up to 95%
Borrowing rates: Updated hourly
Main functions: Margin trading, futures collateral, stablecoin borrowing
Growing Utility for Tokenized Assets
The launch expands an earlier initiative introduced in June. At that stage, the exchange allowed only 15 tokenized US stocks and ETFs to serve as collateral for USDT-margined futures. The latest update increases that number to 100 while adding broader functions across multiple trading products.
Eligible rTokens now allow investors to maintain exposure to underlying US equities while using the same assets for several purposes. Holders can receive cash dividends where applicable, secure borrowing against their positions, and satisfy margin requirements without exiting their investments.
However, the exchange also warned that higher flexibility comes with additional risks. The value of collateral can go down and that can lead to margin calls or liquidation. There are also interest expenses on borrowed funds which traders have to handle carefully.
Key developments:
- More than 370 crypto and tokenized assets now share one collateral framework.
- Tokenized stocks can support trading, borrowing, and dividend eligibility simultaneously.
- Borrowing rates adjust dynamically to reflect market liquidity conditions.
Broader Market Strategy Takes Shape
The Cross-Asset Unified Account also builds on the company’s Reality platform, introduced in May. Reality issues rTokens that represent tokenized US stocks and ETFs through regulated brokerage arrangements backed on a one-to-one basis.
According to Bitget, Reality surpassed $100 million in assets under management during its first month. The platform also generated more than $671 million in cumulative trading volume, although the company noted those figures have not received independent verification.
The exchange previously reported stronger liquidity across several tokenized markets. A joint study with Block Scholes found that its Nvidia-linked perpetual market achieved roughly 75% of the liquidity depth recorded in its Bitcoin spot market.
The broader crypto industry continues moving beyond simple tokenized price exposure. Exchanges increasingly seek ways to integrate tokenized assets into lending, collateral management, and leveraged trading. Bitget’s newest release represents that movement by not considering tokenized equities as a standalone investment item, but rather as a productive form of capital.
Competition within the industry could become more fierce as more platforms introduce single trading platforms that fuse traditional assets and cryptocurrencies into a single marketplace. These models would help optimize capital usage and help reduce the gap between traditional finance and blockchain markets.
Conclusion
Bitget has extended its unified margin system to introduce tokenized U.S. equities into its framework. The launch opens up new possibilities for traders to trade, borrow and manage assets from a single account, while also highlighting the increasing importance of real-world assets in digital finance. In the future, the exchange will expand the range of eligible assets, and unified capital management could be an important competitive advantage throughout the crypto market.
