Linking tokenised finance with real-world yields
Bitget, a global cryptocurrency exchange with growing influence in the Middle East and Africa, has launched BGUSD, a new digital asset designed to generate passive income by tapping into yields from tokenised real-world assets.
The company rolled out the product on May 27, marking its entry into the tokenisation of traditional financial instruments such as the US Treasury and money market funds. BGUSD is structured as a yield-bearing stable certificate that offers daily returns and can be redeemed at a 1:1 ratio for USDC, a widely used dollar-pegged stablecoin.
BGUSD holders receive an annualised yield of 4%, with a temporary promotional rate of 5% in effect for the first 30 days. The yield is credited daily to users’ accounts, calculated based on the lowest balance held that day.
Bitget says the product is underpinned by a portfolio of high-grade assets, including tokenised versions of government bonds and money market instruments. The company collaborates with tokenisation providers, such as Superstate, whose USTB fund is part of the asset basket.
The move signals a broader trend in the digital asset space as platforms aim to bridge decentralised finance with traditional yield-bearing investments. Crypto firms are increasingly offering tokenised access to products once limited to institutional or high-net-worth investors, presenting them in blockchain-friendly formats to attract retail and regional investors.
Bitget says BGUSD is designed to be both a yield-generating and a functional asset. In addition to holding it for income, users can deploy it across the platform as collateral for loans, margin in derivatives trading, and participation in services such as Launchpool and PoolX.
The product also allows full liquidity. Investors can redeem their holdings instantly from Bitget’s internal reserve pool or opt for standard redemption, with funds settled in up to three business days. A flat 0.1% fee applies to both subscriptions and redemptions.
Bitget’s CEO, Gracy Chen, stated that the asset aims to serve both retail users and institutions seeking exposure to real-world yields without exiting the cryptocurrency environment. She described BGUSD as part of a broader effort to provide more stable and diversified investment tools to a global user base.
While stablecoins pegged to fiat currencies are common in the cryptocurrency world, few offer consistent and transparent yields from off-chain financial instruments. Bitget is positioning BGUSD as a lower-volatility asset with more explicit backing than algorithmic or unsecured stablecoins, many of which have faced criticism or collapse.
The exchange stated that the yield is based on real returns from the underlying securities and that partnerships with regulated financial institutions help ensure that custody and compliance standards are met. Bitget has not yet confirmed whether the reserves backing BGUSD will be regularly audited or if performance reports will be shared with investors.
The launch reflects growing institutional interest in blockchain’s potential to modernise how financial products are issued and traded. Tokenisation of bonds and funds enables fractional ownership, faster settlement times, and greater transparency, while also expanding access to traditionally restricted markets.
In the Arabian Gulf region and Africa, where access to traditional investment products can be limited or costly, platforms like Bitget are betting that tokenised finance can fill a gap. By offering yield from US Treasury equivalents via a blockchain wallet, they aim to serve users seeking more secure alternatives to volatile cryptocurrencies without abandoning the space altogether.
Bitget said BGUSD also plays a strategic role within its broader ecosystem. As more users hold and deploy the asset within the exchange’s services, it expects to see improved capital retention and platform engagement. The ability to earn returns while using the asset in other functions is likely to appeal to yield-focused investors who still wish to trade or stake.
Credit: Bitget’s BGUSD marks the company’s entry into the tokenisation of traditional financial instruments such as the US Treasury and money market funds. Jonathan Borba
