Bitget CEO Gracy Chen Says Tokenized Assets Could Reach 10% Penetration by 2030 as Exchanges Split Into Compliance and On-Chain Camps
Bitget CEO Gracy Chen said tokenization is becoming the most important mega trend in finance, arguing that tokenized real-world assets could rise from today’s roughly 0.01% to 0.5% penetration levels in categories such as tokenized equities and private credit to around 10% by 2030. Speaking on The Rollup, Chen described a structural shift away from speculative token narratives and toward RWA, stablecoins, payments, and regulated market infrastructure. She said crypto is no longer just an alternative asset class, but increasingly a technology stack being absorbed by traditional finance. In her view, exchanges are now diverging into two paths: regulated venues pursuing licenses, audits, and investor protection, and fully on-chain platforms serving no-KYC communities. Chen also said Bitget is evolving from a crypto exchange into a broader “universal exchange” spanning crypto, equities, ETFs, bonds, money market funds, and pre-IPO exposure, while exploring a possible IPO rather than relying on exchange-token narratives. Chen further argued that spot tokenization and perpetual futures are complementary rather than substitutes, and identified exchanges, stablecoin issuers, and public blockchains such as Solana and Ethereum as likely beneficiaries of the tokenization wave.
