Bitget Partners with xStock for 24/7 Tokenized Equities Trading

Bitget, a major cryptocurrency exchange, announced on July 9 a partnership with xStock to launch six tokenized stock products, including TSLAx and AAPLx, through its Onchain platform. The initiative aims to integrate traditional and crypto markets.

This partnership enables round-the-clock trading, overcoming traditional market limitations. It introduces a seamless bridge between equity and crypto assets, expanding accessibility.

Bitget and xStock Facilitate Around-the-Clock Trading

Bitget has collaborated with xStock, focusing on integrating traditional stocks into the crypto ecosystem. The Onchain platform supports real-time trading and instant settlement, offering unrestricted trading time for global investors. The move reflects a strategic alignment between centralized and decentralized exchanges.

With this development, six tokenized stocks, such as TSLAx and AAPLx, become actively tradable, providing users with access to traditional market values through digital assets. These products are now available for continuous trading, facilitating easy entry into equities market.

Feedback from experts and influencers highlights the potential influence on Real World Asset (RWA) adoption. Gracy Chen, CEO of Bitget, stated:

“With tokenized equities on Onchain, we’re giving users the ability to move between asset classes with the speed and flexibility of Web3, while still connecting to the value of traditional markets.”

Tokenized Equities Trading Echoes Industry Integration Efforts

Did you know? Tokenized equities trading 24/7 on Bitget’s Onchain platform echoes similar moves by platforms like Synthetix, showcasing ongoing efforts to merge crypto and traditional finance realms effectively.

According to CoinMarketCap, Tesla tokenized stock (TSLAX) priced at $296.82, with a market cap of approximately $3.26 million, saw a 0.33% decrease in the past 24 hours. The asset’s trading volume was $19.13 million, indicating robust activity despite minor price shifts.

The Coincu research team notes the potential for increased liquidity and enhanced utility for DeFi platforms through this integration. Watch for evolving regulatory landscapes as traditional securities cross into crypto territories, blending compliance and innovation.