Bitget has published its July 2026 Transparency Report, citing a sharp rise in activity tied to rTokens and pointing to deeper liquidity and faster engagement as tokenized assets mature. The report said rToken assets under management grew to about US$114 million by July 6, while cumulative trading volume reached US$671.37 million over the same period.
The update also highlighted infrastructure expansion across tokenized equities and broader onchain finance, alongside third-party research that ranked Bitget highly for liquidity and execution in tokenized-equity trading. Separately, Bitget said it expanded tokenized U.S. stock collateral support and reached 100 million users on its Bitget Wallet.
Key takeaways
- rToken AUM rose to roughly US$114 million by July 6, with rToken surpassing US$100 million within five weeks of launch.
- Trading picked up quickly, with cumulative volume of US$671.37 million and more than 100,000 users trading rTokens.
- Engagement increased materially, with daily trading-user penetration up 18-fold from launch and 42.87% of first-time buyers increasing positions within seven days.
- Liquidity and execution were key to the narrative, supported by third-party rankings for slippage and order-book depth in tokenized-equity and related derivatives liquidity measures.
- Infrastructure broadened beyond spot trading, including more tokenized U.S. stocks as collateral and AI- and institutional-focused product initiatives.
What drove the momentum
According to Bitget’s July report, the platform’s tokenized-equities push is translating into faster scaling of rToken adoption. The company said rToken AUM reached approximately US$114 million by July 6 after passing the US$100 million mark within five weeks of launch. The report also indicated sustained trading interest, with cumulative trading volume of US$671.37 million and average daily trading volume of US$19.75 million during the same period.
Beyond the headline growth, Bitget pointed to improving user behavior. The report stated that daily trading-user penetration increased 18-fold from launch. It also said 42.87% of first-time buyers increased their positions within seven days, suggesting that users were not only trying tokenized products but also reallocating capital soon after entry.
Market reaction and the liquidity question
While Bitget’s transparency report is not a market-price document, its emphasis on liquidity metrics reflects what investors typically scrutinize in tokenized markets: whether tradability matches the asset’s availability. The report cited third-party research findings that Bitget recorded the lowest slippage for large tokenized equity trades and the highest balanced displayed liquidity within 50 basis points among exchanges analyzed, according to CryptoRank.
Bitget also referenced CoinGlass’s 2026 Derivatives Market Report, which the company said ranked it second globally for ETH liquidity depth (US$81.37 million in order-book depth) and fourth globally for BTC liquidity depth. TokenInsight, as cited in the report, said Bitget accounted for nearly US$70 billion in TradFi perpetual trading volume during Q2 2026.
For investors, the implication is that tokenization may be moving from “access” to “execution quality.” In practice, the ability to trade efficiently—reflected in slippage and displayed liquidity—can determine whether tokenized equities function as more than a niche instrument, particularly when platforms compete on product breadth.
Expansion across tokenized finance and institutional use
Bitget said July also brought additional infrastructure capabilities aimed at integrating tokenized assets more deeply into portfolio and collateral workflows. The exchange enabled more than 100 tokenized U.S. stocks to be used as collateral within its Unified Trading Account. It also introduced the GetAgent Playbook to extend AI-powered trading into tokenized investing, and released an institutional cross-asset collateral playbook intended to explore capital efficiency across crypto and tokenized assets.
On the user and payments side, Bitget Wallet surpassed 100 million users, according to the report, expanding stablecoin payment connectivity and tokenized asset access through integrations including Robinhood Chain and Assetback.
Separately, Bitget extended its Blockchain4Youth partnership with UNICEF’s Game Changers Coalition from eight to eleven countries, the company said, broadening blockchain, AI, and financial literacy education for young people.
What analysts and investors are likely watching next
As tokenized markets gain traction, Bitget’s report suggests the competitive battleground is shifting from launch adoption to trading quality, liquidity depth, and how smoothly tokenized assets can be used in active strategies. The company’s disclosure of rToken AUM growth, trading volume, and engagement metrics will likely be read alongside execution benchmarks such as slippage and displayed liquidity.
Investors may also look for how quickly collateral support expands and whether AI-driven investing tools translate into sustained participation rather than short-lived activity. The next proof points to watch will include further transparency updates, additional tokenized-equity listings and collateral eligibility, and ongoing third-party assessments of liquidity and market quality.
