Tokenized Markets Narrow Liquidity Gap With Crypto Trading Pairs

Bitget and Block Scholes have released a joint report on liquidity conditions in Bitget's real-world asset perpetual futures markets. The research found that tokenized equity and commodity markets are maturing, with liquidity levels approaching those of major crypto trading pairs. In fact, the NVDA-USDT market reached approximately $4.1 million in resting liquidity within 2% of the mid-price by mid-May.

This represents roughly three-quarters of the market depth observed in Bitget's BTC/USDT spot market. The report suggests that tokenized markets are developing the necessary market quality to support active trading, hedging, and cross-market positioning.

During periods of elevated volatility, including the onset of the US-Iran conflict in February 2026, liquidity recovered quickly and market depth returned to typical levels within days. This highlights the resilience of tokenized markets during geopolitical uncertainty.

'Access alone is no longer enough,' said Gracy Chen, CEO of Bitget. 'What matters now is whether users can move capital efficiently between markets without sacrificing liquidity.'