Bitget reportedly in talks with BlackRock to boost Asian distribution

Bitget, one of the largest crypto exchanges by volume, is reportedly in discussions with BlackRock and other Wall Street firms about expanding distribution across Asia. The talks come at a moment when both traditional finance and crypto platforms are circling the same prize: Asia’s enormous household wealth, estimated at roughly $108 trillion.

The discussions appear to have roots in a meeting that took place in May 2026, when Bitget CEO Gracy Chen sat down with BlackRock COO Rob Goldstein in New York. Chen used the meeting to pitch what she calls the “10% Vision,” a thesis that tokenized financial assets could account for 10% of all global financial assets by 2030.

Tokenization as the bridge

The conversation between Chen and Goldstein reportedly centered on tokenized equities and the infrastructure required to support them, rather than a conventional distribution deal for Bitget’s exchange services. Tokenization, the process of putting traditional assets like stocks and bonds onto blockchains, has become the most popular talking point in boardrooms where crypto meets traditional finance.

Bitget has been quietly building out this part of its business. Tokenized assets, including US stocks, commodities, and real-world assets, now account for approximately 40% of the exchange’s total trading volume. For a platform with over 125 million users, that represents a meaningful strategic pivot toward the kind of products that institutional investors actually want to touch.

Why Asia is the battleground

BlackRock isn’t just having polite conversations about Asia. The firm is actively hiring digital-asset specialists in Singapore, a clear signal that the region is central to its crypto strategy.

Nicholas Peach, BlackRock’s head of Asia-Pacific iShares, laid out the math at the Consensus Hong Kong event in February 2026. Even a modest 1% shift in Asian portfolios toward crypto could generate nearly $2 trillion in new inflows, he said.

The competitive landscape

What separates Bitget’s approach is the sheer scale of its tokenization bet. Having 40% of trading volume come from tokenized assets is an unusually high concentration compared to peers, most of whom still derive the bulk of their volume from spot and derivatives trading in native crypto tokens.

BlackRock’s own trajectory reinforces this. The firm has already launched spot Bitcoin and Ethereum ETFs in the US, and its iShares Bitcoin Trust became one of the fastest-growing ETFs in history.

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