Bitget, the Seychelles-based crypto exchange, said Wednesday it aims to handle up to 40% of global tokenized stock trading by 2030 - a target it pegs at $15–30 trillion in annual volume.
The ambition rests on a bold thesis: that a meaningful share of the estimated $100-130 trillion in annual equity trading will eventually route through crypto rails. Tokenized equities, however, currently sit below $1 billion in total market value.
The announcement came alongside a mobile app redesign that places crypto and traditional financial products on a single homepage, with a unified "Trade" tab for crypto assets and a separate "TradFi" tab for stock perpetuals, gold, FX, and indices - all settled in USDT.
What Happened
Bitget launched TradFi trading in January and has since expanded to more than 200 tokenized stock and ETF listings through a partnership with Ondo Finance (ONDO).
The exchange claims 89.1% of global market share for Ondo-issued tokenized stock tokens and a peak daily volume of $6 billion in January 2026.
That dominance, though, comes with important caveats. The 89% figure applies only to Ondo-issued tokens, not the entire tokenized equities market, where Kraken's xStocks and Backed Finance also compete.
Bitget has also been running a zero-fee trading promotion through April 2026, removing transaction and gas fees on all tokenized stock trades - a subsidy that likely inflates reported volumes.
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The Gap Between Ambition and Reality
A January 2026 report from Sentora and DL Research found that tokenized equities reached roughly $963 million in market value, up nearly 2,900% year-on-year but still a rounding error in global finance.
The broader tokenized RWA market, including Treasuries and private credit, stands at roughly $20–24 billion.
Bitget's $15-30 trillion target assumes global stock trading grows to $160–200 trillion by 2030 and that crypto platforms capture 20–40% of that flow. Even Ark Invest's bullish projection estimates all tokenized assets - not just equities - reaching $11 trillion by decade's end. McKinsey's forecast is more conservative at $2 trillion.
Why It Matters
The app update and volume claims reflect a broader race among exchanges to position themselves as on-ramps for tokenized traditional assets.
Kraken, Robinhood, Gemini, and Coinbase have all moved into tokenized equities, while Securitize plans to launch onchain stocks with full shareholder rights in early 2026.
Whether Bitget's market share holds once fee subsidies end - and whether tokenized stocks gain enough regulatory traction to scale beyond today's niche - remains the open question.
For now, the exchange is spending aggressively to own a category that barely exists yet.
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