Cryptocurrency exchange and Web3 company Bitget has introduced tokenised stocks and real-world assets on its platform for Nigerian investors.
The firm said this development would enable Nigerian crypto users to gain exposure to leading multinational companies via a blockchain-native interface, bypassing traditional channels.
Tokenised stocks are digital versions of real company shares that are issued as tokens on a blockchain. They’re designed to mirror the price of the actual stock. They can be traded like crypto on certain cryptocurrency exchanges without going through a traditional stockbroker.
Via the Bitget Onchain platform through an integration with xStocks, Nigerians now have access to tokenised shares of leading US companies, including Apple, Tesla, Amazon, and more.
The firm has also joined the Global Markets Alliance by Ondo Finance, a coalition of industry leaders working to standardise and promote interoperability for tokenised securities, driving the adoption of tokenised RWAs such as stocks, ETFs, and more. By joining Ondo’s Global Markets Alliance, Bitget joins other trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products.
“This is a matter for Nigerian investors because of its global access, local advantage of investing with NGN using crypto-native methods with no forex hassles or brokerage mandates, 24/7 market availability, trade anytime, no more waiting for international market hours and lower entry barrier; fractional access to top-tier equities with reduced transaction costs and full transparency on-chain. Tokenisation is the next frontier in finance, allowing everyday investors in Nigeria to access Wall Street with ease,” said Chief Executive Officer of Bitget, Gracy Chen.
She continued, “Our xStocks and Ondo integration mark a leap forward in giving Nigerians diversified, borderless asset exposure. These offerings align with Nigeria’s evolving crypto regulation framework, from the SEC’s updated digital asset rules to increased clarity in transaction oversight, ensuring Bitget’s commitment to compliance while delivering innovation.
“The next step for Nigerian traders is to create or log in to their Bitget accounts, complete the KYC verification process, visit Bitget Onchain to explore tokenised U.S. equities, and explore Ondo-backed assets to diversify into tokenised ETFs and money markets.”
