Bitget said its tokenized stock product rToken surpassed $100 million in assets under management within five weeks of launch, reaching about $114 million as of July 6, 2026. Since going live on June 2, 2026, rToken has recorded $671.37 million in cumulative trading volume, with average daily volume at $19.75 million and a single-day peak of $56.16 million.
According to Bitget, rToken is a tokenized equity product that gives eligible users trading exposure to selected U.S. stock-related assets. The product uses a crypto-native trading interface and runs on a 24/7 basis, linking crypto market liquidity with stock-related opportunities.
rSPCX leads current asset mix
The latest asset-level data showed rSPCX as the largest rToken, accounting for 23.51% of total TVL. It was followed by rCSCO at 17.75% and rNVDA at 13.38%.
The ABMedia report said the ranking suggests that early rToken demand has been concentrated in high-interest private-market-style assets and technology-linked names. For assets that can be harder to access directly through traditional financial markets, tokenized stocks offer eligible global users a more flexible route to participate.
Bitget Research said rSPCX’s lead points to strong interest in equity-style assets that are difficult to obtain through traditional brokerages. It added that this type of demand could become a major driver of future growth in the tokenized stock market.
AI infrastructure emerges as a second demand cluster
Beyond the private-market-style exposure represented by rSPCX, Bitget said AI infrastructure-related rTokens have also formed a clear demand cluster.
- rCSCO: 17.75%
- rNVDA: 13.38%
- rDRAM: 8.19%
- rMU: 5.65%
- rMRVL: 4.42%
These names span networking equipment, chips, memory, semiconductors and AI computing infrastructure. The report said the mix reflects continued investor focus on growth across the AI supply chain. As demand expands for generative AI, data centers, cloud computing and high-performance computing, AI infrastructure has become a major theme in global markets. Bitget said rToken trading data shows crypto investors are using tokenized stock products to take part in AI-related themes and swings in U.S. tech shares.
Trading volume nears six times current AUM
From a trading behavior standpoint, rToken showed high turnover early after launch. As of July 6, 2026, cumulative trading volume stood at $671.37 million, close to six times current AUM of about $114 million. The single-day high of $56.16 million was nearly half of current AUM.
Bitget Research said this suggests users are not treating rToken only as a long-term holding tool. It said traders may also be using it for short-term positioning, portfolio allocation and event-driven trades. The research unit added that early trading data shows investors using tokenized stock products to move quickly into price swings in high-attention assets, particularly technology shares, AI-linked stocks and private-market-style assets.
Interest broadens beyond AI
The composition of the top 10 rTokens also suggests that demand is not limited to AI. Alongside rSPCX, rCSCO and rNVDA, the report highlighted rSNDK, rTSLA, rCRCL and rNOK as names drawing investor attention, representing themes tied to storage, electric vehicles, software and communications.
According to the report, rToken trading is gradually extending into a wider set of high-conviction stock categories, building out a broader tokenized stock market. For now, private-market-style assets and AI infrastructure remain the two main drivers of trading activity, though other growth industries are also starting to attract inflows and trading interest.
Bitget Research points to earnings season and a 2026-2027 outlook
With the second-quarter earnings season approaching, Bitget Research said rToken trading activity could pick up in the near term, especially in large-cap technology names, AI infrastructure, semiconductors and cloud computing-linked assets. Based on current turnover rates and the kind of volatility often seen during earnings periods, the firm said daily active traders in rToken could rise by 15% to 25% from recent baseline levels during major earnings weeks.
Bitget Research said earnings reports, product launches, industry outlooks, macroeconomic data and rate expectations could all act as short-term catalysts for tokenized stock trading. For crypto market participants, it said, rToken offers another route to trade volatility tied to U.S. stock-related assets.
Looking ahead to 2026 and 2027, Bitget Research said the tokenized stock market may develop a more pronounced catalyst-driven rotation trading pattern.
Company and wallet details included in the report
According to the article, Bitget was founded in 2018 and describes itself as the world’s largest Universal Exchange, or UEX. The company said it serves more than 120 million users across over 200 countries and regions, and offers copy trading and other trading solutions.
The article also said Bitget Wallet is a non-custodial crypto wallet that supports more than 130 blockchain networks and millions of tokens. It includes multi-chain trading, staking, payments and direct access to more than 20,000 decentralized applications, or DApps.
Bitget also said it is the official cryptocurrency partner of LALIGA in East Asia, Southeast Asia and Latin America. The report added that the company is working with UNICEF with a goal of providing blockchain education support to 1.1 million people by the end of 2027. It also said Bitget is MotoGP’s exclusive cryptocurrency exchange partner.
For Bitget Wallet, the article said the product serves more than 80 million users, supports more than 130 major public blockchains and millions of crypto assets, and has set up a $300 million user protection fund.