POPA ReconBitget Turns Tokenized Stocks Into Crypto Margin
Bitget Turns Tokenized Stocks Into Crypto Margin Block Scholes tested Bitget’s unified account, where 125 tokenized US stocks can back crypto positions. On a $1M portfolio, the capital needed fell from $340K to $175K. The catch is correlation. Stock collateral falls together with the market, so the modeled portfolio hit liquidation after a ~21% correlated drop, versus ~27% if the same value sat in USDT. Since 2022, BTC’s 60-day correlation with the Nasdaq-100 has averaged +0.41. The stocks keep working too: they still pay dividends in USDT and can be pledged to borrow stablecoins. Partner…
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