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Bitget's rToken Tops $100 Million as Demand for Tokenized Stocks Grows

Growth is being driven mostly by rSPCX, which offers exposure to SpaceX, while tokenized equities are quickly gaining ground, according to RWA.xyz and the Kobeissi Letter.

By Mike Hesp
• 2 min read
Bitget's rToken Tops $100 Million as Demand for Tokenized Stocks Grows

Key Takeaways

  • Bitget's tokenized equity product rToken crossed $100 million (€87.5 million) in assets in five weeks.
  • Since launching on June 2, rToken has reached cumulative trading volume of $671.37 million (€587 million).
  • Most of the demand came from rSPCX, which makes up 23.51 percent of all rToken assets.

Bitget's tokenized equity product rToken has moved past $100 million (€87.5 million) in assets in just five weeks. The pace of growth suggests tokenized stocks are no longer a niche test case and are already drawing meaningful trading activity in crypto.

SpaceX Is Driving Most of the Demand

Since launching on June 2, rToken has generated $671.37 million (€587 million) in cumulative trading volume, according to Bitget. Average daily volume has reached $19.75 million (€17.3 million), and the busiest day so far hit $56.16 million (€49.1 million).

Most of that demand is coming from tokenized exposure to SpaceX. Bitget says rSPCX represents 23.51 percent of all rToken assets, making it the largest tokenized equity product on the platform. rCSCO comes next at 17.75 percent, followed by rNVDA at 13.38 percent.

Tokenized Stocks Are Gaining Ground

The data lines up with a broader surge in tokenized equities. The Kobeissi Letter reported that tokenized stocks reached a record $3.4 billion (€3 billion) in June, up 279 percent from the previous month and 1,400 percent from a year earlier. That kind of growth points to a market that is maturing quickly, especially as traditional firms also experiment with 24/7 trading for tokenized stocks and ETFs.

Growth is also accelerating beyond Bitget. RWA.xyz estimates the total tokenized stock market at about $1.82 billion (€1.6 billion), up roughly 26 percent over the past 30 days. The number of holders has climbed to around 414,000, while monthly transfer volume reached $8.79 billion (€7.7 billion), nearly 88 percent higher than a year ago.

What This Says About the Market

For European crypto readers, the main point is that tokenized equities are increasingly being framed as a link between traditional stocks and blockchain rails. That setup can give investors fractional access and the ability to trade outside normal market hours, which could keep reshaping how these products work. At the same time, the decline in monthly active addresses shows that higher value and volume do not necessarily mean user activity is rising at the same pace.

Bitget is not the only exchange moving in this direction. Major exchanges are also adding stock products to keep users inside their own ecosystems. For instance, Coinbase recently increased its focus on tokenized stocks and other new product lines.

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