Bitget has released a significant year-end report indicating that a remarkable 95% of traders and investors in tokenized stocks are also active holders of cryptocurrencies. This finding underscores the growing intersection between traditional finance and the digital asset landscape.
The report highlights the evolution of Real-World Asset (RWA) tokenization, which is increasingly recognized as a vital component connecting traditional finance (TradFi) with the burgeoning world of digital assets. Despite the performance of tokenized stocks outpacing Bitcoin and the broader cryptocurrency market recently, the data reveals a strong correlation in ownership among these asset classes.
Shifting Focus to Tokenized Equities
According to the insights provided by Bitget, the market for tokenized RWAs is transitioning from niche experimentation to a more scalable and mainstream trading category. Centralized exchanges (CEXs) are becoming essential hubs where crypto markets and traditional finance converge. The shift has been particularly noticeable as the focus is moving away from stablecoins towards tokenized equities and exchange-traded funds (ETFs).
Starting in the third quarter of 2025, products tracking major indices such as the S&P 500 and significant US tech stocks have witnessed exponential demand. Bitget attributes this surge to the enhanced liquidity and tighter spreads that tokenized RWAs offer, alongside increasing participation from both retail and institutional investors. Moreover, the unrestricted trading hours of tokenized assets, contrasted with the limited schedules of conventional stock exchanges, were frequently cited as a primary reason for this growing investor preference.
Market Dynamics of On-Chain and Off-Chain Stocks
The Bitget report also sheds light on an intriguing trend where investors and traders of tokenized stocks tend to monitor the performance of their off-chain counterparts during regular market hours. This behavior is reflected in the intraday spreads, which typically remain narrow compared to their on-chain equivalents. Overnight or weekend price fluctuations indicate traders” attempts to anticipate market-moving developments before standard trading hours commence.
Despite these variances, Bitget regards the stability of pricing during core trading sessions as an indicator of a maturing market structure, suggesting that the market is evolving toward more consistent valuations.
Implications for Future Trading
Amid the growing appetite for tokenized stocks, Bitget has noted that holders of these assets show significant interest in cryptocurrencies as well. With 95% of the exchange”s one million tokenized stock holders also owning crypto, the data indicates that demand is multifaceted. Traders and investors are evidently seeking diversification and adaptability to varying market conditions.
Importantly, Bitget has observed that most of the new demand for tokenized stocks is emerging from established participants in the crypto market rather than attracting a completely new audience. This overlap emphasizes the critical role that universal exchanges like Bitget play, acting as gateways for tokenized RWAs and cryptocurrencies as institutional interest in efficient on-chain settlement and custody continues to grow.
