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Bitget Launches Transfer Feature for 3,000 US Stocks and ETFs

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Digital asset exchange Bitget has introduced rToken Stock Transfer, a feature allowing investors to move eligible US-listed stocks and exchange-traded funds into its platform as tokenized rTokens. The service supports more than 3,000 equity assets through a two-step transfer process, converting traditional shares into digital assets deposited into spot accounts.

The feature aims to bridge traditional equities with crypto services. Deposited shares move from external brokerage accounts through an omnibus account at Alpaca, where Bitget converts them into rTokens. These tokenized holdings can then be deployed across spot trading, margin products, lending, and yield instruments. Incoming transfers are free and take roughly 10 business days, though outbound transfers carry a fee. Prior to this launch, Bitget reported that assets under management for its rToken ecosystem reached roughly $114 million, with total transactions crossing two million.

Investors will be watching how widely traders adopt tokenized real-world assets for trading collateral and collateralized loans. To encourage initial adoption, Bitget is offering $1 million in promotional rewards paid in SpaceX stock token (rSPCX) for qualifying deposits starting at $5,000. In market trading, the Bitget Token (CRYPTO:BGBUSD) rose 1.17% to $1.964 following the news.

Key points

  • Bitget introduced rToken Stock Transfer, letting investors move over 3,000 US-listed stocks and ETFs into tokenized rTokens.
  • Transfers move via an omnibus account at Alpaca with no deposit fee, taking about 10 business days to complete.
  • Converted rTokens can be used on Bitget for spot trading, margin, lending, and yield generating products.
  • Bitget is running a $1 million promotional airdrop in SpaceX stock tokens (rSPCX) for eligible deposits of $5,000 or more.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is Bitget rToken Stock Transfer?

Bitget rToken Stock Transfer is a feature that allows users to move eligible US stocks and ETFs from traditional brokerages into Bitget, converting them into tokenized rTokens.

How long do stock transfers into Bitget take and what are the fees?

Transfers into Bitget are free of charge and take approximately 10 business days to process. Transfers out of the platform incur a fee.

What rewards is Bitget offering for stock transfers?

Bitget is distributing $1 million in SpaceX stock token (rSPCX) rewards for qualifying transfers, starting at $200 in rSPCX for a $5,000 deposit.