Bitget, the world’s largest Universal Exchange (UEX), has released a new research report with digital asset research firm Block Scholes examining how tokenized equities can improve capital efficiency when used alongside crypto assets in a unified trading account. In a $1 million portfolio modeled for the study, this structure reduced the amount of capital required to support the portfolio by approximately $165,000, from $340,000 to $175,000.
The report titled “Capital Efficiency, Correlation Risk and Multi-Asset Trading on Bitget’s Cross-Asset Unified Account”, looks at the next stage of tokenized equities as they move beyond providing market access toward becoming usable collateral within multi-asset portfolios. Bitget’s Cross-Asset Unified Account allows more than 370 eligible assets, including 125 tokenized U.S. stocks, to contribute toward a shared margin pool across different positions.
Block Scholes modeled a portfolio containing $175,000 of tokenized AI and semiconductor stocks alongside BTC and ETH perpetuals and a short Nasdaq-100 ETF perpetual position. Under separate account structures, approximately $340,000 would need to be committed across the stock holdings and USDT margin. With Bitget’s Cross-Asset Unified Account, the tokenized stocks can also count toward collateral, reducing the total committed capital to approximately $175,000.
“Tokenization has moved beyond the question of access,” said Gracy Chen, CEO of Bitget. “Moving assets onchain is only the first step. The bigger question is how efficiently that capital can work once it is there. This research shows what becomes possible when different asset classes can contribute to the same pool of capital rather than sitting in separate accounts. This is what we have been building towards at Bitget where capital can move more efficiently across markets, while the risk systems underneath it evolve with that flexibility.”
The report also highlights the trade-offs that come with greater capital efficiency. Block Scholes found that the composition of collateral can materially affect a portfolio’s resilience during market stress, particularly when the collateral and positions are exposed to similar market drivers.
In its stress test, the modeled portfolio reached its estimated liquidation point after an approximately 21% correlated market decline when backed by tokenized-equity collateral. With an equivalent value of USDT as collateral, the portfolio could withstand an approximately 27% correlated decline. The six-percentage-point difference highlights the importance of considering collateral correlation and volatility alongside its collateral value.
The research found that these considerations are becoming increasingly relevant as crypto and equities respond to many of the same macroeconomic forces. Since January 2022, the 60-day correlation between Bitcoin and the Nasdaq-100 ETF averaged +0.41 and reached as high as +0.75, with correlations remaining elevated since mid-2024.
Beyond margin efficiency, the report examines how tokenized equities can serve multiple functions within a unified account. Eligible rStocks can retain their underlying equity exposure and receive eligible dividends distributed in USDT while their available collateral value is used to support other positions. The same collateral value may also be pledged against stablecoin borrowing, subject to available collateral capacity.
The findings point to a broader evolution in tokenized markets as competition shifts from bringing traditional assets onchain toward integrating them more deeply into multi-asset trading and capital management. Through its Universal Exchange model, Bitget is building toward a trading environment where crypto, tokenized equities and other global assets can operate within the same capital framework.
For the full report, visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
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The post Bitget and Block Scholes Report Finds Tokenized Stocks Can Reduce Capital Requirements by $165K in $1M Multi-Asset Portfolio appeared first on BeInCrypto.
