- Bitget partners Ondo to unlock tokenized stocks, ETFs for global investors.
- New deal grants Bitget users access to 100+ tokenized equities.
- Tokenized RWAs bring crypto and traditional finance closer for everyday investors.
Bitget, one of the world’s leading cryptocurrency exchanges, is moving deeper into the world of real-world assets (RWAs). Recently, the company has made a new alliance with Global Markets, which is part of Ondo Finance. Bitget has announced this news on its official X account and said it will assist more individuals in investing in tokenized assets.
New Deal Lets Bitget Users Access 100+ Tokenized U.S. Equities
This collaboration unites key participants in the crypto world. Bitget and Ondo are interested in giving ordinary investors easier access to tokenized forms of real-world assets. These are tokenized stocks, exchange-traded funds (ETFs), and money market funds.
The partnership will allow Bitget users to invest in more than 100 tokenized U.S. stocks and ETFs in the future. The new products will be coming out in the later part of the summer. This strategy aligns with the ambition of Bitget to provide its users with more opportunities to construct better and more diverse portfolios.
The crypto market is getting used to tokenized real-world assets. They merge the advantages of blockchain technology and the stability of traditional finance. Investors will be able to trade 24/7 by converting stocks and other assets to blockchain tokens. They are also able to hold smaller portions of assets, and this may not be the case in the normal markets.
These new characteristics make investing more liberal and open to others across the world. A number of analysts feel that tokenization has a large future in finance. This thought is shared by Gracy Chen, CEO of Bitget. She stated that tokenization will be the key to the next step of digital asset adoption. The tokenization of stocks is another step towards our ambition to enable users to trade wiser.”
Ondo Adds Bitget to Expand Tokenized Stocks
The partnership of Bitget with Ondo Finance will contribute to this future. The Global Markets Alliance of Ondo is an effort to unite the trusted partners. It links exchanges, wallet providers and DeFi platforms. Collectively, they would like to render global financial products open, safe, and convenient to operate on blockchain networks.
The Global Markets Alliance already includes well-known names like Solana Foundation, LayerZero, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, and Alpaca. Bitget has recently entered this list. Nathan Allman, the CEO of Ondo Finance, stated that the introduction of tokenized stocks and ETFs to Bitget is a giant leap. He thinks that the high number of users will make more people purchase U.S. equities on blockchain through Bitget.
Bitget is already among the largest crypto players. It has more than 700 tokens and its daily trading is above 3.5 billion USDT. CoinGecko ranks it as the third-largest spot exchange in the world. Bitget will reach even further with the launch of tokenized real-world assets.
The action demonstrates the speed at which crypto and conventional finance are converging. The new products of Bitget will enable individuals to invest in the digital and real-life markets without switching between platforms. Consequently, additional investors might access more assets that were previously inaccessible.
Ultimately, the collaboration between Bitget and Ondo may transform investment. The introduction of tokenized RWAs will also help the company develop a more open and equal financial marketplace for all.
