Bitget CEO says BlackRock and Wall Street giants seek Asian expansion

Bitget is in talks with some of the world's largest financial institutions about expanding their digital asset presence in Asia. Gracy Chen, Bitget's CEO, said BlackRock is one example of a firm seeking to expand distribution of its tokenized exchange-traded funds in the region. Chen said she is speaking with all the Wall Street giants about possible collaboration. Chen said Bitget has very close communication with BlackRock about distribution in the Asian market. About half of Bitget's 125 million registered users are in East and Southeast Asia. Fifty-two percent of Bitget's users hold both cryptocurrencies and traditional stocks. A BlackRock spokesperson said the firm's crypto exchange-traded products are already available in Asia. The spokesperson said BlackRock regularly engages with virtual asset service providers on different projects. BlackRock declined to comment on particular expansion plans in Asia. An OECD report found that blockchain-based crypto-asset transactions in Asia grew 69% year on year as of June 2025. The report said this was the highest growth rate across all regions.