Bitget taps into RWA-backed yields by launching BGUSD with 5% APY

Bitget has launched BGUSD, a yield-generating asset backed by tokenized real-world assets such as money market funds and U.S. Treasury products. BGUSD offers offers daily yields up to 5% APY.

According to a press release sent to crypto.news, BGUSD is now fully integrated into the crypto exchange’s trading and wealth management infrastructure. Users can redeem the newly-launched product in exchange for USD Coin (USDC) on a 1-to-1 ratio. In addition, traders can also subscribe to BGUSD using USDC or USDT (USDT).

The product offers an annualized yield starting from 4%. For the first 30 days after its launch, users will be granted a promotional Annual Percentage Yield or APY of 5%. The generated yield from BGUSD will be credited daily to Bitget (BGB) users’ spot accounts based on their minimum daily balance.

The asset is backed by a diverse line-up of tokenized RWAs, including major money market funds and tokenized US Treasury products. Not only that, the BGUSD yield structure is also supported by partnerships with a range of tokenization services, including Superstate, through the tokenized treasury fund USTB.

Currently a tokenized treasuries product valued at $274 million, USTB provides investment exposure to short-duration U.S. Treasuries.

Bitget CEO, Gracy Chen, views the launch of BGUSD as a way to bridge “the best of both worlds,” by combining the transparency and innovation of crypto and the stability and yield of real-world assets. The crypto exchange aims to further explore offerings that would cater to the evolving needs of users.

“This launch is another step in empowering our global users to achieve smarter, more resilient portfolio growth,” said Chen in her statement.

Fully integrated into the broader Bitget ecosystem, BGUSD can be used as lending collaterals, futures margin, Launchpool, and PoolX.

In addition, users can choose to instantly redeem their BGUSD, which is backed by Bitget’s reserve. Another option available to holders is the standard redemption model, equipped with a settlement duration of three business days. Meanwhile, subscription and redemption fees for BGUSD are fixed at 0.1%.

Earlier in April, Bitget’s transparency report revealed that its spot trading soared by nearly 160%, bringing the platform’s total trading volume to $2.08 trillion in the first quarter of 2025. Moreover, the crypto exchange’s proof of reserves surpassed 130% for backed assets.