Bitget is in active talks with BlackRock and other Wall Street institutions about distributing tokenized ETFs and blockchain-based money-market products to Asian investors, CEO Gracy Chen said. No agreement has been signed, but Chen described 'very close communication' with BlackRock and said the exchange is speaking to 'all the Wall Street giants' about collaboration.
The pitch centers on Bitget's user base. The exchange has 125 million registered users globally, roughly half in East and Southeast Asia, and 52% of its users already hold both crypto and traditional equities, according to first-quarter 2026 data. Chen argues that this overlap makes crypto exchanges efficient distribution channels for asset managers trying to reach Asian retail and professional investors.
Asia is a fast-growing digital asset market: crypto transactions in the region rose 69% year over year as of June 2025, the fastest globally. BlackRock has estimated that a 1% allocation from Asian household wealth could generate close to $2 trillion in inflows. The asset manager, which oversees about $15.3 trillion in client assets, has been expanding tokenized cash products and created a digital assets role in Singapore in December.
BlackRock confirmed regular engagement with the crypto ecosystem but declined to comment on specific expansion plans. If a distribution arrangement materializes, it would deepen the integration between traditional asset managers and crypto exchanges — a relationship already visible in Coinbase's role as custodian for the majority of BlackRock's Bitcoin and Ethereum exchange-traded products in the U.S.
