About Gracy Chen
Gracy Chen, Managing Director at Bitget, appeared on two programs in mid-2026 to discuss the exchange's expansion into tokenized traditional assets. On the July 21 episode of "The Starting Block," Chen commented on current market conditions, stating that both retail and institutional investors are "both sort of um doing both" in terms of buying and selling. She noted that retail investors appear "more panic" while institutions are asking about the growth of real-world assets (RWA) and considering entering Bitget's stock perpetual market.
In a June 30 appearance on "Tokenization Tower," Chen described Bitget's evolution into a "universal exchange" offering tokenized stocks, ETFs, bonds, forex, and pre-IPO positions. She said she pitched a "10% vision" to BlackRock CEO Rob Goldstein, referring to the idea that 10% of the hundreds of trillions of dollars in off-chain assets will come on chain in the next 5 to 10 years. Chen compared the current tokenization wave to the "20th century sort of JP Morgan starting up era" and stated that Bitget is positioning itself to serve users and "run this marathon together in the long run."
Source: AI-verified profile updated from Gracy Chen's recent appearances.
Browse all interviews →
Transcript (4 segments)
I
Interviewer0:00
This is the clarity that the industry needed. But don't you think that it comes at a time that the industry sort of lost a lot of talents and perhaps capital because all that money is actually going into AI or something that is somewhat sexier in terms of pricing? Would you agree?
G
Gracy Chen0:17
Oh well, AI has never been a competitor. I always think AI as a complementary tool or sort of like the technology tool that will shift to crypto and blockchain and all the industries out there. But in terms of clarity, I do have some interesting insights from this trip that I just came back from the US. I met lots of lawyers and regulators in New York, Miami, Consensus. We can chat a bit more on that. But basically, the Clarity Act is here to help, for example, us like exchanges when we are thinking about our global expansion, especially in the US market. Clarity Act does provide clarity in terms of right now we need to get all these different licenses from the state level, maybe just from MTL, monetary transfer license, and all the different licenses. But Clarity Act can kind of help us group the compliance issue together in terms of this act can clear a lot of fragmentation among state level and federal level. That's one thing. And one thing I learned from my conversations with the lawyers is that if Clarity Act don't get approved before the summer, it may not be able to get approved before the midterm because of the two parties, you know, argument and of course fight for power. But more importantly, this Clarity Act is actually very important for the US citizens and industrial leaders to think about their crypto strategy. So that's just an interesting conversation that I discovered that I had.
I
Interviewer2:10
Right. And I think it's important to talk about what you're doing at Bitget, what Bitget is doing in terms of really marrying the traditional finance. The pre-IPO investments is a great example. So you're tokenizing all that and that has been really the trend, tokenization of real-world assets. And I wonder if we have maybe enough data points to sort of figure out how that impacts the traditional finance, for example, how does that impact the pricing of IPO, for example? And I wonder what you're seeing on the ground in terms of appreciation and understanding of what you're doing here. Are we still very, very early in this endeavor?
G
Gracy Chen3:00
We are definitely very early. I was just meeting BlackRock COO Robert Goldstein and he asked me a question: what do I see as tokenization in 2030? And I said I have this 10% vision, which is right now if you list all the different asset classes—private credit, treasury funds, stocks, real estate, everything—and then if on the other axis you list all the tokenized version and the total version of it. Right now, private credit and tokenized treasuries are the two largest category if you compare that percentage, and the tokenized version is about 0.5% to 1% of the total market. Tokenized stocks is only 0.1%. So my 10% vision is in 2030 all these categories should be somewhere around 10%, like all the assets that can be tokenized. Why? Because number one, stablecoin is growing fast as a payment method as well as a trading method. And if you look at all these stablecoin holders, they prefer the tokenized version. It's faster, it's cheaper, and that's the first thing. And the second thing, if we look at tokenized money market specifically, for example, BlackRock has BUIDL, Franklin Templeton has BENJI, and there are so many big market players, stratified players who are thinking about tokenizing their money market fund as well and other ETFs. So that's something quite interesting that I would love to see more happening this year. And the third thing is if you look at tokenized US stocks specifically, you know right now who are the largest issuer for US stocks? That's NYSE and NASDAQ, and both of them are tokenizing their stocks. So that's just a landscape that I'm very, very excited to see more evolution coming.
