Bitget, the Seychelles-based crypto exchange platform, announced on Wednesday that it aims to process up to 40% of the global trading of tokenized stocks by 2030 – a goal it estimates at $15–30 trillion in annual volume.
This ambition rests on a bold thesis: that a significant share of the approximately $100–130 trillion in annual equity trading will eventually transit through crypto rails. Tokenized stocks, however, currently represent less than $1 billion in total market value.
The announcement came alongside a redesign of the mobile app that places crypto products and traditional financial products on a single homepage, with a unified 'Trade' tab for crypto assets and a separate 'TradFi' tab for perpetual stocks, gold, FX, and indices – all settled in USDT.
What happened
Bitget launched TradFi trading in January and has since expanded to over 200 listings of tokenized stocks and ETFs through a partnership with Ondo Finance (ONDO).
The platform claims 89.1% of the global market share for tokenized stock tokens issued by Ondo and a daily volume peak of $6 billion in January 2026.
However, this dominance comes with important warnings. The figure of 89% applies only to tokens issued by Ondo, not to the entire tokenized stock market, where Kraken's xStocks and Backed Finance also compete.
Bitget is also running a zero-fee trading promotion until April 2026, removing transaction and gas fees on all tokenized stock operations – a subsidy that likely inflates reported volumes.
The gap between ambition and reality
A January 2026 report from Sentora and DL Research indicates that tokenized stocks have reached approximately $963 million in market value, up nearly 2,900% year-on-year but still negligible on the scale of global finance.
The broader market for tokenized RWA, including Treasury bonds and private credit, stands at approximately $20–24 billion.
Bitget's target of $15–30 trillion assumes that global stock trading will reach $160–200 trillion by 2030 and that crypto platforms will capture 20–40% of these flows. Even Ark Invest's bullish projection on all tokenized assets – not just stocks – sees them reaching $11 trillion by the end of the decade. McKinsey's forecast is more cautious, at $2 trillion.
Why it's important
The app update and the claimed volumes reflect a broader race among exchange platforms to position themselves as gateways to tokenized traditional assets.
Kraken, Robinhood, Gemini, and Coinbase have all entered the tokenized stock segment, while Securitize plans to launch on-chain stocks with full shareholder rights in early 2026.
It remains to be seen whether Bitget's market share will hold once the fee subsidies are removed – and whether tokenized stocks will gain enough regulatory support to move beyond their current niche and scale.
For now, the platform is spending aggressively to claim a category that, so to speak, does not yet exist.
