- Bitget’s year-end report indicated that 95% of tokenized stock traders and investors are also crypto holders.
Real-World Asset (RWA) tokenization is no longer just a buzzword. It has become an integral element bridging the traditional finance (TradFi) and digital asset ecosystems.
Despite tokenized stocks outperforming Bitcoin (BTC) and the broader cryptocurrency market heading into the New Year, a new Bitget year-end report reveals a strong correlation in their ownership. The world’s largest Universal Exchange (UEX) found that 95% of tokenized stock traders also hold crypto assets.
Tokenized Equities and Funds Gaining Significant Traction
Bitget’s latest insights highlight how tokenized RWA is moving from niche experimentation into a scalable trading category. Along the way, it shows how centralized exchanges (CEXs) are increasingly serving as the convergence point for crypto markets and TradFi.
Additionally, the UEX emphasized that tokenized assets have shifted from a focus on stablecoins to a gradual shift toward tokenized equities and exchange-traded funds (ETFs). The new trend began gaining significant traction in the third quarter (Q3) of 2025, as products tracking assets such as the S&P 500, major US equities, and tech stocks saw exponential demand.
Bitget attributed the pivot’s key drivers to tokenized RWA’s improved liquidity, tighter spreads, and growing participation from both retail and institutional investors. Moreover, the unrestricted trading schedule for tokenized assets, compared with the confined trading of conventional assets on traditional stock exchanges, was the most frequently cited reason for the steady shift in investor preferences.
Divergence of Onchain and Off-Chain Stocks
Interestingly, the report indicated that investors and traders of tokenized stocks typically track the off-chain counterparts of their assets during regular market hours. This is evident in intraday spreads, which often remain within narrow ranges compared to their onchain versions.
Prices usually widen overnight or during weekends. It stems from tokenized stock traders trying to get the jump on potentially market-shaking updates before regular market hours. Nonetheless, Bitget considers the consistency of pricing during core sessions as a sign of a maturing market structure.
Correlation Between Tokenized Stock Holders and Crypto Holders
Amid the boost in demand for tokenized stocks, Bitget said holders of these assets also exhibited the same level of interest in cryptocurrencies. In fact, 95% of the UEX’s one million holders of tokenized stocks owned crypto.
The numbers suggest that demand comes from both sides of the spectrum. This is due to traders and investors seeking diversification and flexibility for different market conditions. Meanwhile, it found that most of the new demand for tokenized stocks came from existing crypto market participants rather than from an entirely new audience.
Hence, Bitget surmised that the overlap signifies the importance of UEXs. They serve as a gateway for tokenized RWAs and crypto, especially as institutions continue to explore more efficient on-chain settlement and custody.
