Bitget's Tokenized Assets Surge to Over $114M AUM

Bitget's tokenized asset trading has seen an explosive surge in July, according to its latest transparency report. The exchange reported that within five weeks of launching rToken, a tokenized equity product, the total value of assets under management (AUM) surpassed $100 million by July 6, reaching approximately $114 million.

The trading volume of cumulative rTokens is substantial at $671.37 million, with an average daily volume of $19.75 million. Notably, over 100,000 transactions of the products were made during this period.

Bitget's user engagement also saw significant growth, with a 18-fold increase in trading users from the launch level every day. Moreover, 42.87% of first-time buyers built up their positions in just seven days.

In terms of market analysis, CryptoRank reported that Bitget had the lowest slippage for big tokenized equity trades and the strongest liquidity position among exchanges, being 'balanced' within 50 basis points. CoinGlass ranked Bitget second globally for ETH liquidity, with an ETH order book depth of $81.37 million.