Bitget Launches Blockchain-Based Tokenized Equity Trading via xStocks
Bitget, a prominent centralized exchange (CEX), has recently broadened its platform capabilities by integrating Kraken’s xStocks infrastructure into its Onchain service, enabling users to trade tokenized versions of leading global stocks. This strategic move provides cryptocurrency traders with direct access to equity markets through a blockchain-based interface, bypassing traditional brokerage firms and intermediaries. The initial tokenized equities available on Bitget include well-known companies such as Tesla, Nvidia, Apple, MicroStrategy, Circle, and the S&P 500 ETF, each represented by a blockchain token that mirrors the value of the actual shares.
The Bitget Onchain platform, which launched earlier this year, combines the convenience of centralized exchange user experience with the benefits of on-chain asset ownership. Users can trade tokenized stocks seamlessly using their existing Bitget accounts, without the need to manage private keys or external wallets. Supported blockchains include Solana, Base, and BNB Smart Chain, allowing for fast and efficient trading of numerous digital assets in real-time.
By leveraging xStocks’ technology, Bitget offers near-continuous trading hours (24/5), eliminating the restrictions imposed by conventional stock market schedules. Trades settle instantly on the blockchain, removing the typical multi-day delays associated with traditional settlements. Additionally, this integration offers zero brokerage commissions, with only blockchain gas fees applicable, and tokens can be freely transferred between wallets.
This expansion signifies a meaningful convergence between traditional financial markets and the crypto ecosystem, providing users worldwide with enhanced access to diversified investment opportunities. Bitget’s move into tokenized equity trading aligns with the growing demand for flexible, accessible, and innovative financial products for a new generation of investors seeking round-the-clock market participation.