Crypto exchange Bitget has enabled transfers of 3,000 US-listed stocks and exchange-traded funds into tokenized assets, according to an announcement reported by U.Today. The move turns the Seychelles-headquartered venue into one of the broader retail-facing gateways for tokenized equities to date.

The feature covers a range that spans major US equities and ETFs, letting users hold exposure to traditional securities in tokenized form alongside their crypto balances. That number — 3,000 instruments — puts Bitget's coverage on par with mid-sized brokerage catalogs rather than a curated pilot of a dozen blue chips, which is how several earlier exchange tokenization programs launched.

What does the product actually do?

At its core, the service converts holdings in US stocks and ETFs into tokenized assets that trade inside Bitget's platform infrastructure. For the exchange, the operational consequence is significant: it now has to run something closer to a securities custody and settlement operation than a pure crypto order book. Tokenized equities carry redemption, market-hours and corporate-action obligations that spot crypto does not.

The business logic is straightforward. Tokenized real-world assets have become one of the few product categories where crypto exchanges and traditional finance are competing for the same wallet. BlackRock's BUIDL fund, Franklin Templeton's on-chain money market products and a wave of bank pilots have pushed the sector's pipeline into the tens of billions in aggregate tokenized value. Exchanges that already hold retail crypto balances see tokenized stocks as a way to keep that capital on-platform during trading hours when crypto venues typically quiet down.

Why does coverage scale matter?

Coverage breadth is the differentiator. Early tokenized-stock offerings from crypto venues typically listed a few dozen names. A 3,000-instrument catalog, including ETFs, signals back-end integration with a liquidity provider or prime-brokerage stack capable of sourcing, hedging and redeeming the underlying securities — not just synthetic price tracking.

It also raises the compliance question. Tokenized US equities distributed to retail users sit in a regulatory gray zone in many jurisdictions, and the SEC has not issued a framework that explicitly blesses exchange-listed tokenized stocks for US persons. Bitget, like most offshore exchanges of its scale, restricts US customers from its main platform, and the geographic eligibility for the tokenized-stock service will determine how large the addressable market actually is.

What comes next?

The launch lands as competition tightens. Coinbase has pursued its own tokenized-equity ambitions, Kraken offers tokenized stocks through its xStocks product line, and Robinhood has experimented with blockchain-based settlement. Bitget's entry with 3,000 instruments escalates the coverage race and puts pressure on rivals to expand catalogs rather than treat tokenized stocks as a marketing side product. Expect eligibility restrictions, disclosure of the custody chain behind the tokens, and possibly the first regulatory test of exchange-listed tokenized US equities to define how far this market can scale.