Bitget Expands Tokenized Stock Offering With Fixed Coupon Notes

Bitget, a cryptocurrency trade working underneath a Universal Exchange (UEX) mannequin, has launched a Fixed Coupon Note (FCN) Plan that applies a structured finance product to tokenized US equities. The product permits customers to subscribe with USDT and obtain a predetermined USDT coupon all through the holding interval.

Bitget mentioned the launch combines FCN mechanics with USDT settlement and supply of stock-linked rTokens, increasing its vary of merchandise past typical spot buying and selling. The preliminary providing is tied to a number of US inventory rTokens, together with SNDK, MRVL, SKHY, NVDA and MU.

The FCN Plan is geared toward customers searching for publicity to US shares whereas concentrating on a particular entry worth moderately than buying an asset instantly on the prevailing market price. Subscribers choose a strike worth and allocate USDT to the product.

At maturity, the end result relies on the commentary worth of the underlying asset. If the value is at or above the chosen strike worth, the subscriber receives the unique USDT principal together with the predefined coupon. If the value falls under the strike worth, the principal is transformed into the corresponding rToken on the chosen strike worth, whereas the coupon stays payable in USDT.

Bitget mentioned the construction presents an alternative choice to a standard restrict order. Under a restrict order, funds might stay unused whereas ready for an asset to succeed in the required worth. With FCN, customers can set a goal acquisition worth whereas incomes a coupon throughout the product time period, with settlement decided at maturity.

“There are occasions once you need publicity to a inventory however the worth shouldn’t be the place you need it to be,” mentioned Gracy Chen, CEO of Bitget in a written assertion. “FCN provides customers a set worth they’re comfy shopping for at and earn whereas they wait. Bringing shares onto Bitget was one a part of constructing UEX. Now we’re giving customers extra methods to entry and use these property, past merely shopping for and promoting them on spot,” she added.

FCN expands Bitget’s tokenized asset providing

The new product provides one other layer to Bitget’s rToken ecosystem and its broader UEX technique, which seeks to convey cryptocurrency and conventional monetary property right into a single buying and selling surroundings. The FCN Plan combines USDT-based funding, tokenized US equities and a structured product format generally utilized in conventional markets.

The trade famous that the FCN Plan shouldn’t be principal-protected. When settlement takes place in rTokens, customers stay uncovered to modifications within the underlying asset’s worth and will face extra losses if the asset declines after conversion.

Bitget can also be introducing a limited-time promotional marketing campaign to coincide with the launch. The marketing campaign will run from August 17 by means of September 18, 2026, with rewards accessible to eligible first-time and cumulative FCN subscribers.

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