Leading global Web3 wallet, Bitget Wallet, has announced a joint investment with Foresight X in the decentralized new asset trading platform, Tomarket.
Tomarket, developed by developers from well-known companies such as Microsoft, aims to serve the trading of new assets such as RWA, Crypto asset interest rates, encrypted points, and Pre-TGE assets, targeting the trading market and user needs beyond traditional DEX. It aims to promote the liquidity and value discovery of related assets and explore the trillion-dollar market value of this track.
It is reported that Tomarket will officially launch in July, initially opening to users in the form of a Telegram Mini App.
In 2024, with the halving of BTC and the approval of BTC spot ETF by the U.S. SEC, the cryptocurrency industry is welcoming another round of rapid growth. In this process, some non-standardized assets outside of traditional crypto assets have gradually gained attention, such as points from crypto projects, tokens before TGE, RWA assets, and encrypted bond yield swaps. These assets have great trading potential and strong trading demand, but they face problems such as poor asset liquidity and high trading trust costs. More importantly, the current market lacks a one-stop, comprehensive market to meet the trading needs of these new assets. This is also the background and original intention of Tomarket’s birth.
It is estimated that the market size of this track can reach trillions of dollars. Faced with such a market with huge potential but also many pain points, Tomarket is committed to releasing the value and vitality of this track through product and mechanism innovations, promoting the vigorous development of trading new crypto assets.
Alvin Kan, Chief Operating Officer of Bitget Wallet, said, “Trading has always been one of the cores in the field of cryptocurrency. In addition to traditional token assets, new asset types such as RWA and points are also worth paying attention to. Bitget Wallet has always been committed to meeting the trading needs of users, and hopes to explore markets beyond traditional DEX and promote the development of trading new crypto assets through investment and cooperation with Tomarket in terms of products.”
In the roadmap released in May of this year, Bitget Wallet announced the creation of Bitget Onchain Layer, aiming to help users better interact with the complex Web3 world through an intermediate layer. It is also the on-chain extension and decentralized future of Bitget’s entire ecosystem. According to official introductions, Tomarket, as the first ecological cooperative project of Bitget Onchain Layer, will have in-depth cooperation with Bitget Wallet in terms of products and will provide incentives to loyal supporters of BWB in terms of ecological empowerment.
Bitget
Tomarket