Key Highlights
- Bitget introduced Stock+, a platform enabling cryptocurrency holders to purchase authentic US equities by converting digital assets to USDC
- All transactions process through licensed US brokerage firms RQD Clearing and Atomic Vaults Securities
- Platform participants receive genuine share ownership with full entitlements to cash distributions and stock split modifications
- More than 500 US equities and exchange-traded funds are accessible, with rToken total assets exceeding $50 million
- Service restrictions apply to residents of the UK, EU nations, Australia, Canada, Singapore, and multiple additional jurisdictions
Cryptocurrency exchange Bitget has unveiled Stock+, an innovative platform enabling digital asset holders to acquire genuine US equities directly from their cryptocurrency accounts. The service converts users’ digital currencies into USDC, the stablecoin issued by Circle, before facilitating purchases of shares in American-listed corporations.
Different from tokenized equity products that provide synthetic market exposure, Stock+ delivers authentic ownership of underlying securities. Consequently, participants qualify for dividend payments in cash and adjustments resulting from stock splits.
Transaction routing occurs through two US-regulated brokerage institutions: RQD Clearing and Atomic Vaults Securities. Market participants can execute transactions during pre-market hours, standard trading sessions, and extended-hours periods in US markets.
The platform also accommodates transfers of existing US equity positions from supported brokerage firms. While outbound transfer capabilities remain under development, Bitget has confirmed this functionality will become available in subsequent updates.
Parsa Financial Services Pty Limited, a Bitget affiliated entity holding a South African license, administers these services.
Current Platform Inventory
Bitget currently provides access to more than 500 US stocks and ETFs via its predecessor offering, rToken, which debuted in early June alongside the Reality protocol. The rToken product delivers tokenized representation of equities including Tesla, SpaceX, and Nvidia. According to Bitget’s self-disclosed metrics, rToken assets under management have surpassed $50 million.
Stock+ represents an advancement beyond this model. While rToken encapsulates stocks within digital tokens, Stock+ processes genuine shares through American brokerage channels. Bitget CEO Gracy Chen commented: “Access is important, but ownership matters too.”
Introductory transaction fees begin at 0.1%, accompanied by a 50% promotional reduction valid through August 31.
Competitive Landscape and Industry Momentum
Bitget joins numerous competitors working to integrate cryptocurrency and traditional equity markets. Coinbase has submitted applications to the SEC requesting authorization for tokenized stock trading capabilities. Kraken pursues regulatory approval for a continuous 24/7 tokenized equity marketplace.
The SEC has granted approval for a Nasdaq experimental program involving tokenized equity trading. An emerging firm called 24X National Exchange has submitted registration documents to facilitate tokenized stock trading on an already-sanctioned exchange. Separately, xStocks has integrated tokenized US securities within a Telegram wallet application.
The majority of these initiatives involve wrapping authentic stocks within digital tokens. Stock+ employs an alternative methodology by processing actual shares through brokerage institutions, circumventing certain tokenization regulatory complexities while depending on conventional clearing systems rather than distributed ledger technology.
Stock+ remains unavailable to individuals in the UK, Australia, Canada, EU member nations, Singapore, Hong Kong, South Korea, India, Kenya, Vietnam, and numerous other territories.
Bitget describes itself as the globe’s largest Universal Exchange, though this designation has not been substantiated through comparative analysis with identified competitors.
