Bitget Tokenized Stock AUM Tops $100 Million, Cumulative Volume Nears $700 Million
Summary
- Bitget said assets under management (AUM) for its tokenized stock offerings have surpassed $100 million, while cumulative trading volume reached about $670 million.
- The number of users of the tokenized stock trading service has topped 100,000, and rSPCX, rCSCO and rNVDA account for the largest shares of deposited assets.
- Bitget said early demand for altokens was centered on private company shares and technology stocks, with artificial intelligence (AI) infrastructure-related assets, including semiconductors, emerging as a key focus.
Forecast Trend Report by Period
Bitget's assets under management for tokenized stocks have surpassed $100 million.
BlockBeats reported on July 8 that Bitget announced the milestone about a month after launching trading in tokenized stocks through its altoken, or rToken, service.
The number of users on the tokenized stock trading platform has also surpassed 100,000. Cumulative trading volume totaled about $670 million as of July 6.
By asset, rSPCX, a tokenized version of SpaceX stock, accounted for about 23.5% of total value locked, the largest share. Cisco's rCSCO and Nvidia's rNVDA followed at 17.75% and 13.38%, respectively.
Bitget said early demand for altokens centered on private company shares and technology stocks. It added that assets tied to artificial intelligence infrastructure, including semiconductors, have become a key source of demand for the tokenized stock trading service.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul