Bitget Wallet Unveils Tokenized RWA and Stock Trading for API Partners

Bitget Wallet, a popular everyday finance application for crypto, has launched a next-gen upgrade for its robust DEX Aggregator API. The new rollout enables market-order trading for tokenized RWAs. As Bitget revealed in its press release, the latest upgrade permits its partners to effectively route their trades into diverse tokenized stocks. In this respect, these partners can use the same API architecture they depend on for normal swaps.

Bitget Wallet Broadens DEX Aggregator API with All-RFQ Routing Model

With the exclusive DEX Aggregator API upgrade, Bitget Wallet is offering support for market-order trading in the case of tokenized RWAs, taking into account tokenized RWAs. Thus, the platform’s collaborators can efficiently execute trades from any of the tokens into tokenized stocks via the same API that is already used by them for usual crypto swaps.

At the moment, the tokenized RWA industry has hit the $31B mark in cumulative on-chain value. While the tokenized equities occupy a notable $1.6B, their on-chain trading has remained widely unreliable. Mostly, the architecture compels entities to select between precise pricing with weak fill rates, or even flexible routing with a very thin liquidity margin. The Bitget Wallet upgrade addresses this by providing both without any requirement for the partners to undertake market-making risk.

In this respect, the upgrade unveils an all-RFQ multi-hop routing framework, which  is the first of its kind implemented to the trading of RWA tokens. Each trade leg is verified via request-for-quote liquidity ahead of the on-chain transfer submission. This removes the partial-fill issue that has led to the impracticality of any-token-to-RWA execution elsewhere. Specifically, xStocks and Ondo Finance are among the noteworthy launch integrations, while more RWA entities are also planned.

Bringing Faster Tokenized Execution to Partners with Seamless Fee Settlement and Routing

While reflecting on this, Bitget Wallet’s CEO, Alvin Kan, expressed enthusiasm for this rollout. The executive added that the platform has developed a routing infrastructure to make RFQ function rapidly in a deterministic manner without the need for any market-making risk for integrators. As a result, the API of Bitget Wallet currently offers an inclusive hub for blockchain transfers and token swaps along with market data, as well as RWA trading. Overall, this lets partners settle transfer fees via its billing model without developing custom infrastructure.