Bitget Wallet don add Kraken-backed xStocks tokenized equities
Bitget Wallet yarn say dem don integrate Kraken-backed xStocks infrastructure make dem expand tokenized equities for dia self-custody app. Di update dey give access to over 130 tokenized stocks and ETFs and e don grow Bitget Wallet RWA lineup to over 300 products across equities, commodities, precious metals, and index-linked assets.
Platform tok say dia tokenized equities products don process over $30B for transaction volume since dem launch for 2025, talk say demand and scale dey because self-custody access for 90M+ users. Dem also stress say di offering no dey available for US, UK, and other restricted jurisdictions.
For execution, Bitget Wallet say tokenized equities trading support both RFQ (request-for-quote) and AAM (automated market maker) liquidity models. Dem claim zero trading fees and “gasless” execution, assets dey trade inside same interface wey dem dey use for crypto swaps and custody, while users still dey keep private-key control.
Latest context: xStocks now dey operated by Payward (Kraken parent), after Kraken buy xStocks through im late-2025 purchase of Backed Finance. Di article also show say competition for tokenized equities dey hot, wit moves from Coinbase, Binance (wey dey consider return), and Ondo (wey include proxy voting support). RWA.xyz data talk di tokenized equities market near $1.5B, led by players like Ondo and xStocks.
Neutral
Dis na big improvement to tokenized equities rails inside one big self-custody wallet, but e no be direct protocol/market change for any particular listed crypto asset. Di headline dey affect how TradFi-like assets dey flow on-chain (RFQ/AAM, gasless claims, in-app access), we fit make RWA adoption and sentiment better. But without any explicit token incentive or pricing mechanism wey connect to ONDO (or another named crypto), short-term price impact likely small.
For short term, traders fit show small “RWA momentum” interest, but liquidity/fee claims and US/UK restrictions go reduce broad immediate demand. For long term, adding more tokenized equities venues fit diversify non-spot crypto exposure, wey go support wider ecosystem activity without necessarily boosting ONDO price. Net effect: neutral for the mentioned crypto.