Bitget CEO Confirms Talks with BlackRock for Asian Crypto Distribution
Bitget CEO Gracy Chen revealed in a CoinDesk interview that the exchange is in talks with Wall Street giants including BlackRock for Asian crypto product distribution. The talks focus on leveraging Bitget's 125 million registered users as a distribution channel for traditional financial products. Asia's blockchain transaction volume surged 69% YoY, the highest globally, according to OECD data. BlackRock estimates Asian household wealth at $108 trillion, and a 1% allocation to crypto could bring $2 trillion inflows. BlackRock is already building its Asian digital asset presence, posting a new digital asset role in Singapore in December 2025. Bitget data shows 52% of its users are dual-asset holders, holding both crypto and traditional stocks. Coinbase UK CEO Keith Grose noted that Coinbase already provides custody for BlackRock's US Bitcoin and Ethereum ETPs. If the Bitget-BlackRock deal materializes, exchanges could evolve from trading platforms to financial product distribution endpoints. Key factors include Taiwan's VASP regulatory status and the potential for tokenized ETFs to reach retail investors directly through crypto exchanges.








