# Bitget, Block Scholes Study Finds Unified Accounts Cut Capital Use 48.5%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/27349
Published: 2026-10-07T10:16:20.000Z
Updated: 2026-10-07T10:16:20.000Z
Section: Business

> A $1 million simulation found lower capital requirements when tokenized stocks served as collateral alongside crypto derivatives, while exposing the portfolio to correlation risk.

Bitget and Block Scholes found that a unified account combining tokenized stocks with crypto derivatives could reduce simulated capital requirements by 48.5%, while leaving collateral exposed to correlation risk.

The study modeled a $1 million portfolio containing AI and semiconductor tokenized stocks, Bitcoin (BTC) and Ether (ETH) perpetual contracts, and a Nasdaq 100 ETF perpetual contract.

Using separate accounts required about $340,000 in capital. The same portfolio in Bitget’s cross-asset unified account required about $175,000, because eligible tokenized stocks could be counted as collateral alongside crypto assets.

The analysis also tested how the collateral performed during a correlated market decline. The portfolio using tokenized stocks as collateral reached its estimated liquidation point after a correlated decline of about 21%.

A comparable portfolio backed by an equivalent amount of USDT withstood a correlated decline of about 27%. The results show a trade-off between lower capital requirements and correlation risk between collateral and open positions.

“Tokenization is only the first step. More important is improving the efficiency of capital use across different markets,” Bitget CEO Gracy Chen said.

Bitget said its unified account supports more than 370 collateral assets, including 125 tokenized U.S. stocks. Eligible crypto assets and tokenized stocks can share collateral value within the same margin system to satisfy requirements for different positions.