Revolut and Bitget Wallet Push Tokenized Assets into Mainstream Finance

In a week that underscores the growing intersection of cryptocurrency and traditional finance, two major developments highlight how digital assets are penetrating everyday commerce and investment. UK-based fintech Revolut has launched a physical Dogecoin-themed debit card in Europe, while Bitget Wallet has integrated xStocks tokenized equities, giving 90 million users access to stocks and ETFs alongside crypto. Together, these moves signal a broader shift: crypto is no longer a siloed asset class but a layer integrated into banking, payments, and capital markets.

Revolut’s Dogecoin Card: A Meme Coin Goes Mainstream

On May 18, Revolut unveiled a physical Dogecoin debit card—its first crypto-branded payment product. The card features an LED display that lights up on tap-to-pay and works wherever Visa and Mastercard are accepted. Initially available in the UK and European Economic Area (excluding Hungary, Switzerland, and Portugal), the card settles transactions at the real-time exchange rate without additional fees. However, Revolut warns users that spending may trigger tax obligations depending on local regulations.

Daily crypto card transactions have surpassed 100,000 on multiple days recently, and exchanges like Crypto.com, Coinbase, and Gemini have expanded their card programs. Gemini has pointed to card operations as a growing revenue contributor. Revolut’s move is its most visible crypto product to date, following the addition of Polygon for remittances and staking earlier in 2025. The company is also expanding banking operations, having received UK regulatory approval for a fully licensed bank in March 2026 and submitted a US banking license application.

The Dogecoin card is more than a novelty; it reflects a strategic effort to bridge meme culture with utility. By leveraging Dogecoin’s brand recognition and low transaction costs, Revolut aims to attract a younger, crypto-native demographic while normalizing crypto spending. The card also tests regulatory boundaries—tax implications and compliance with local laws remain key considerations.

Bitget Wallet and xStocks: Tokenized Equities for the Masses

Meanwhile, Bitget Wallet has integrated xStocks infrastructure, offering over 130 tokenized stocks and ETFs to its 90 million users. The addition brings total tokenized real-world asset (RWA) offerings to more than 300 products, including commodities, precious metals, and index-linked assets. Since launching in 2025, xStocks has processed over $30 billion in transaction volume, though the products are unavailable in the US, UK, and other restricted jurisdictions.

xStocks is operated by Payward, parent company of Kraken, which acquired the platform via Backed Finance in late 2025. The integration supports both request-for-quote and automated-market-maker liquidity models, with zero trading fees and gasless execution. Users retain full self-custody of private keys and funds while accessing tokenized equities from the same interface used for crypto trading. This seamless blend of crypto and traditional assets is a key value proposition.

The tokenized equities market has grown to nearly $1.5 billion, according to RWA.xyz. Competition is heating up: Coinbase launched stock perpetual futures for international users in March, and Kraken has expanded xStocks with bundled crypto-and-equity products and tokenized equity perpetual futures. Ondo leads tokenized stock platforms with roughly $883 million in represented asset value.

These developments signal a convergence of two trends: crypto cards enabling everyday spending, and tokenized assets unlocking 24/7 access to traditional markets. For investors, the ability to trade stocks and ETFs alongside crypto in a self-custodial wallet reduces friction and broadens portfolio diversification. For the industry, it validates the thesis that blockchain-based assets can coexist with—and enhance—traditional finance.

However, regulatory hurdles remain. Revolut’s card tax warnings and Bitget Wallet’s jurisdictional restrictions highlight the patchwork of rules governing crypto-assets. As tokenization scales, clarity on securities laws, tax treatment, and cross-border compliance will be critical. The next phase of adoption will depend on how well companies navigate these challenges while maintaining user trust and innovation.

Sources: Revolut Dogecoin Debit Card, Bitget Wallet xStocks Tokenized Equities.

1. Revolut launches a physical Dogecoin debit card in Europe, settling at real-time exchange rates with no extra fees but potential tax obligations.
2. Bitget Wallet integrates xStocks, offering 130+ tokenized equities to 90 million users with zero fees and self-custody.
3. The tokenized equities market has reached nearly $1.5 billion, with competition from Coinbase and Kraken accelerating.
4. Both developments highlight the convergence of crypto payments and tokenized assets into mainstream finance, though regulatory challenges persist.