Bitget has rolled tokenized stock trade on its Onchain platform, so that crypto users can be exposed to top spending without trusting traditional brokers.
The move, announced on July 9, was made possible by an integration with the recently launched Xstocks infrastructure of Kraken.
The initial lists include tokenized versions of Tesla (Tslax), NVIDIA (NVDAX), Strategy (MSTRX), Apple (AAPLX), Circle (CRCLX) and SP500 (SPYX).
Bitget CEO Gracy Chen said that the expansion “marks a” new phase of market access “where crypto and traditional assets can be easier” co -exist and complement each other “.
Bitget Onchain, launched earlier this year, combines a centralized Exchange user experience with direct blockchain asset exposure.
With the platform, users can exchange on-chain tokens using their bitte accounts without managing private keys or external portfolios. Supported ecosystems include Solana (SOL), Base and BNB.
With the integration of Xstocks, Bitget Onchain now offers almost continuous trade of tokenized shares with immediate regulation, which bypasses the limited hours of conventional stock markets. Xstocks works on a 24/5 trade model, which can make transactions outside of standard market windows.
Xstocks issues digital representations of Real-World assets, replicates their value on-chain and offers functions such as faster control, transparent ownership records and cost-free transfers.
Founded to bridge capital markets and blockchain, Xstocks quickly positions itself as an important infrastructure provider for tokenized shares to address the demand of crypto-native users who are looking for traditional assetbloot rack within their preferred digital environments.
The framework eliminates transaction costs that are often associated with stock agents while maintaining compliance with the regulations to reflect the value of the underlying shares.
Bitget said that his trip to Tokenized shares aims to serve a digital native investor base that is looking in the market around the clock and an easier diversification. The company was founded in 2018 and now serves more than 100 million users worldwide through its exchange and multi-chain wallet products.