Messari Research: Bitget’s UEX model grows with a tokenized stock volume of $18 billion and an institutional participation of 82%

Bitget, the world’s largest Universal Exchange (UEX), was mentioned in the recent Messari report that examines the evolution of the platform’s market structure and the factors driving its growth. The report highlights the rapid expansion of Bitget’s UEX model, driven by the expansion of tokenized stocks and increasing corporate participation. The report states that the cumulative volume of tokenized stock futures on Bitget reached approximately $18 billion by December 2025, while corporate traders accounted for 82% of the spot trading volume, underscoring a structural shift towards professional and cross-asset participation on the platform.

According to Messari’s analysis, tokenized stocks have emerged as one of the fastest-growing verticals within the Bitget ecosystem since their launch in July 2025. Trading activity has intensified significantly in recent months, with futures volume reaching $13.6 billion in November alone, followed by over $88 million in spot trading volume during the first week of December, representing 73% of all Ondo’s tokenized stock volume. The concentration of activity indicates an increased global demand for on-chain access to traditional stocks beyond the constraints of existing market infrastructures.

The report positions tokenized stocks as a fundamental pillar of Bitget’s UEX framework, which integrates spot trading and centralized derivatives, on-chain asset access, and AI-assisted execution within a single platform. Tokenized stocks on Bitget are traded 24 hours a day, 5 days a week, allowing users from all regions to react to earnings announcements, macroeconomic events, and volatility outside traditional U.S. market hours. Messari notes that 39.6% of tokenized stock trading originates from East Asia, with growing participation from Latin America, Southeast Asia, and Europe, reinforcing the role of tokenization in the redistribution of global equity liquidity.

“Tokenized stocks are transitioning from an experimental phase to a real market infrastructure,” stated Gracy Chen, CEO of Bitget. “What we see on Bitget reflects a structural shift in how global investors access traditional assets: continuous markets, on-chain settlement, and unified execution across asset classes are becoming fundamental requirements rather than niche features.”

The results from Messari also highlight a strong concentration of assets among the leading U.S. stocks. Tesla led the activity with over $6.3 billion in cumulative volume, followed by Meta, MicroStrategy, Apple, and Google, which together generated over $6.6 billion. The report attributes this demand to earnings-driven volatility, leveraged trading strategies, and the increased inclination towards stocks linked to artificial intelligence and macroeconomic factors.

In addition to tokenized stocks, the report highlights the development of Bitget’s broader UEX architecture. Since its launch in April 2025, Bitget Onchain has generated over $2.4 billion in cumulative trading volume, allowing users to trade assets on Solana, BNB Chain, Ethereum, Base, and Morph using centralized exchange balances.

“Bitget’s UEX model demonstrates how the market structure is evolving towards consolidation rather than fragmentation,” stated Shale Ferdana, Research Analyst at Messari and author of the report. “The scope of activities related to tokenized stocks, combined with increasing corporate participation and on-chain integration, suggests that unified platforms are becoming the preferred access point for both digital and traditional assets.”

In the report, corporate participation emerged as a key structural factor. The corporate share of Bitget’s spot trading volume increased from 39.4% in January to 82% in December, while corporate market makers accounted for 60% of futures activity, coinciding with greater liquidity and improved execution quality during periods of market volatility.

The report concludes that Bitget’s UEX model reflects a broader shift towards a consolidated trading infrastructure, where digital assets, tokenized real-world assets, and corporate liquidity converge in a single execution environment, redefining how global capital accesses markets.

Disclaimer: This article is provided for general informational purposes only and does not constitute investment, legal, or financial advice, nor an offer or solicitation to buy or sell financial instruments or digital assets. All opinions expressed are based on current market observations and are subject to change. Past performance is not indicative of future results. Digital assets are volatile and may not be suitable for all investors. Readers should conduct their own independent research and consult a professional before making any investment decisions. Restrictions may apply. 

About Bitget

Founded in 2018, Bitget is the world’s largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while simultaneously providing real-time access to the price of Bitcoin, the price of Ethereum, the price of XRP, and the prices of other cryptocurrencies, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-based trading tools, interoperability among tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and broader access to real-world assets. On the decentralized front, Bitget Wallet is an everyday finance app designed to make crypto simple, secure, and integrated into daily use. With over 80 million users, it bridges the gap between blockchain and real finance, offering an all-in-one platform to buy/sell, trade, earn, and spend crypto seamlessly.

Bitget is promoting cryptocurrency adoption through strategic partnerships, such as being the Official Crypto Partner of LALIGA, the world’s most important football league, in the EASTERN, SEA, and LATAM markets. In line with its global impact strategy, Bitget has joined forces with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive partner of MotoGP, one of the most thrilling championships in the world.

You can find more information here: Website | X | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, contact: media@bitget.com
Risk Warning: the prices of digital assets are subject to fluctuations and may exhibit significant volatility. Investors are advised to allocate only funds they can afford to lose. The value of any investment may be affected, and there is a possibility that financial goals may not be achieved or that the initially invested capital may not be recovered. It is always necessary to seek independent financial advice and carefully consider personal experience and financial position. Past performance is not a reliable indicator of future results. Bitget assumes no responsibility for any losses incurred. Nothing contained in this document should be construed as financial advice. For more information, please refer to our Terms of Use.