Bitget in talks with Wall Street giants including BlackRock to fuel Asian distribution
Crypto exchange Bitget is in discussions with major financial institutions, including BlackRock, to expand its distribution of tokenized ETFs in the Asian market. BlackRock confirmed regular engagement with virtual asset providers but declined to comment on specific expansion plans.
Why it matters
The potential collaboration signals growing institutional interest in integrating traditional finance with blockchain-based assets in Asia.
Gracy Chen highlighted BlackRock, the world's largest asset manager, as one example of such a firm seeking to expand distribution of their tokenized exchange-traded funds (ETFs) in the region.
“I'm talking to all the Wall Street giants to understand where they are coming from and how we could collaborate," she told CoinDesk in an interview. "We have veryclose communication with BlackRock, for example, in terms of our distribution in the Asia market.”
A BlackRock spokesperson said the firm’s crypto exchange-traded products (ETPs) are already available in Asia and confirmed that it regularly engages with virtual asset service providers for different projects. The firm, however, declined to comment on any particular expansion plans in Asia, in a response to CoinDesk's request for comment.
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