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Bitget launches FCN note for tokenized U.S. stocks, with reference APR up to 71%
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News EditorBitget said it has launched FCN, or Fixed Coupon Note, a structured product tied to tokenized U.S. stocks. The exchange said the product combines FCN terms with USDT settlement and delivery of U.S. stock rTokens, and it listed initial underlyings including SNDK, MRVL, SKHY, MU and NVDA with reference APR ranges of 56%–71%, 49%–61%, 46%–58%, 39%–48% and 13%–16%, respectively. Bitget also introduced a limited-time cashback campaign that can return up to 10,000 USDT per user, with the promotion running through Sept. 18. FCN is described as a structured wealth product linked to a single U.S. stock rToken. Users subscribe with USDT and set an execution price. At maturity, if the observed price is at or above the strike, principal and fixed interest are returned in USDT; if it falls below the strike, principal is converted into the corresponding rToken at the execution price, while the fixed interest is still paid.
Bitget has launched FCN, or Fixed Coupon Note, a structured product tied to tokenized U.S. stocks, and said it is the first crypto exchange to combine an FCN structure with USDT settlement and delivery of U.S. stock rTokens.
The first batch of underlyings and reference APR ranges includes Sandisk (SNDK) at 56%–71%, Marvell (MRVL) at 49%–61%, SK hynix (SKHY) at 46%–58%, Micron (MU) at 39%–48% and Nvidia (NVDA) at 13%–16%.
FCN is a structured wealth product linked to a single U.S. stock rToken. Users subscribe with USDT and set an execution price. At maturity, if the observed price is no lower than the execution price, the user receives the USDT principal plus fixed interest. If the observed price is below the execution price, the principal is converted into the corresponding rToken at the execution price, while the fixed interest is still paid.
Bitget also rolled out a limited-time cashback promotion. Users can earn cashback rewards after their cumulative subscription amount reaches specified tiers, with the maximum reward capped at 10,000 USDT per person. The campaign runs until Sept. 18, and Bitget said more details are available on its official platform.
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