Bitget launches Assetback for asset-based card cashback

Bitget Wallet launched Assetback on Aug. 1, 2026, a global rewards program that converts Bitget Wallet Card cashback into investment assets rather than fiat or points. Cardholders select a preferred asset in advance and eligible purchases automatically route cashback into that asset at the moment rewards are issued.

Users can choose Bitcoin for crypto exposure, Tether Gold for tokenized commodity exposure, or fractional U.S. stocks and ETFs delivered through the xStocks tokenization framework. xStocks products include tokenized shares of companies such as NVIDIA, Tesla and Alphabet, and tokenized exposure to the S&P 500. Stablecoins remain available as an alternative reward for users who prefer a less volatile option.

The program raises the card’s base cashback rate to 2% and offers a 3% rate for new users or cardholders who meet a monthly spending threshold. The Bitget Wallet Card accepts payments on Visa and Mastercard networks and Assetback is available in more than 50 markets across Europe, Latin America, Africa and the Asia‑Pacific region. Tokenized equity products under xStocks carry geographic restrictions and are not available to U.S. persons.

At the settlement layer, Bitget Wallet Card transactions run over stablecoin rails. Assetback applies the reward conversion on top of those payment flows, delivering fractional tokenized assets directly into users’ wallets without requiring a brokerage account or separate trading setup. xStocks tokens are described by the company as fully collateralized, one‑to‑one backed representations of underlying U.S. stocks and ETFs that can move between exchanges, self‑custodied wallets and on‑chain applications.

Market data show crypto card payment volume reached $656 million per month in May 2026, up from $271 million a year earlier. Bitget reported that its own card spending nearly tripled in the first half of 2026.

Practical considerations for consumers include asset volatility, regional access limits and product complexity. Rewards paid in Bitcoin or tokenized equities can fall in value after they are issued. The xStocks tokens and related offers have compliance and access restrictions that vary by jurisdiction. The company has not disclosed how long the 3% reward rate will remain available.

Assetback does not change the underlying payment infrastructure; it layers an asset-delivery mechanism on existing stablecoin settlement rails. The program allows routine card spending to build fractional positions in selected tokenized assets without separate account openings or minimum purchase requirements.