Bitget Wallet integrates Payward’s xStocks, adding 130+

Bitget Wallet said it has integrated Payward-operated xStocks infrastructure, giving its stated 90 million users access to more than 130 tokenized stocks and ETFs inside a self-custodial wallet. The company framed the move as an expansion of its broader tokenized real-world assets lineup, with availability excluding the United States, the United Kingdom, and other restricted jurisdictions.

Key Takeaways

Bitget Wallet says its self-custody app now offers 130+ tokenized stocks and ETFs through Payward-operated xStocks.
The integration pushes Bitget Wallet’s tokenized real-world asset catalog above 300 products across multiple asset types.
Tokenized-equity products on the wallet have processed more than $30 billion in transaction volume since a 2025 launch, according to the company.
Access is not available in the US, the UK, and other restricted jurisdictions, which narrows where liquidity can form.

Bitget Wallet Adds Kraken-Backed xStocks to Its Self-Custody App

Bitget Wallet said it integrated xStocks infrastructure operated by Payward, the parent company of Kraken, placing tokenized equities directly inside its self-custodial wallet interface. The headline number for traders is distribution: Bitget Wallet put the product in front of what it describes as 90 million users, with access to more than 130 tokenized stocks and ETFs.

Payward’s involvement matters because it ties xStocks operations to a major exchange parent, after Payward acquired the platform through its purchase of Backed Finance in late 2025. In a category where credibility, market access, and compliance posture can decide whether liquidity sticks, that corporate linkage is part of the pitch.

The constraint is equally clear. Bitget Wallet said the tokenized equity products are not available in the United States, the United Kingdom, or other restricted jurisdictions, making this an explicitly ex-US/UK distribution push.

How Trading Works: 130+ Stocks/ETFs, RFQ + AMM, and the ‘Zero-Fee, Gasless’ Claim

Bitget Wallet said users can trade tokenized equities via both request-for-quote (RFQ) and automated market maker (AMM) liquidity models. RFQ execution typically means a user requests a price from a liquidity provider and trades at that quote, while AMM routes flow through pools with formula-based pricing. The wallet also said users can trade with zero trading fees and “gasless execution,” meaning the user does not pay blockchain transaction fees directly.

Mechanically, the product is positioned as equity-linked exposure inside the same interface used for crypto trading, swaps, and storage, while the user retains control of private keys. That UX matters because it reduces friction for cross-asset flows, but the announcement did not specify which chains or venues support gasless execution, whether it applies to both RFQ and AMM routes, or how quotes and spreads compare across routes.

Traction and Scale: 300+ RWAs and $30B Volume Since 2025

Bitget Wallet said the xStocks integration expands its tokenized real-world assets offering to more than 300 products spanning equities, commodities, precious metals, and index-linked assets. That framing treats tokenized equities as one shelf in a broader RWA catalog rather than a standalone feature, which is consistent with how wallets try to keep users inside one execution surface.

The company also said its tokenized equity products have processed more than $30 billion in transaction volume since launching in 2025. If that figure reflects repeat usage rather than one-off bursts, it implies the wallet already has meaningful flow that could support tighter pricing, assuming the underlying liquidity and routing hold up.

For category context, RWA.xyz data sizes tokenized equities at nearly $1.5 billion. Ondo leads by represented asset value at roughly $883 million, with xStocks at about $391.5 million. That puts xStocks among the larger venues in a still-small market, and makes this integration look like a competitive distribution play more than a step-change in total addressable market.

Signals to Watch for Bitget Wallet adds Kraken-backed xStocks

The first signal is disclosure. Traders need clarity on where “gasless execution” is actually supported, and whether it applies uniformly across RFQ and AMM paths or only under specific conditions.

Second is jurisdiction creep. Bitget Wallet named the US and UK plus “other restricted jurisdictions” without listing them, so any updates to that restriction set, or any licensing and compliance changes, will directly affect addressable demand and where liquidity concentrates.

Third is whether xStocks closes the gap with the category leader. RWA.xyz’s represented asset value for xStocks (about $391.5 million) versus Ondo (about $883 million) is a clean scoreboard to track over time.

Finally, execution quality will decide whether this becomes a durable venue. RWA.xyz tracking for the largest xStocks-linked names, including Strategy, Tesla, Nvidia, and S&P 500-linked products, should show whether spreads and quoting depth improve as distribution expands.

Self-Custody Equity Exposure Is Expanding—But Jurisdiction and Microstructure Will Decide the Winners

I treat this as a distribution upgrade first and a market-structure experiment second. Putting 130+ tokenized stocks and ETFs inside a self-custody wallet that claims 90 million users is how you manufacture flow, but flow only turns into sticky liquidity if quotes stay competitive across RFQ and AMM routes.

The threshold that matters is whether xStocks’ represented asset value and observable pricing quality improve without widening the restriction map. If execution holds and the product remains broadly available outside the US/UK, the setup starts to look structural rather than narrative-driven, because the winning venue will be the one that concentrates liquidity where users can actually trade.

Sources

Cointelegraph