Bitget, BlockSec unveil new security standard for UEX

Bitget and blockchain security firm BlockSec have published a joint research report outlining a security framework for "Universal Exchanges"-platforms that combine crypto trading, tokenised assets, and access to traditional markets under a single account.

Titled The UEX Security Standard: From Proof to Protection, the report proposes a system-level approach to security for unified trading venues. It focuses on designs that use shared margin, common settlement infrastructure, and cross-market access-features the authors say can create new channels for risk to spread across products and asset classes.

Security Benchmarks

At the centre of the document is a proposed "UEX Security Standard" built around five benchmarks: verifiable solvency, multi-asset risk isolation, data security and privacy protection, AI-driven dynamic monitoring, and resilient application and infrastructure defence.

Rather than broad principles, the report presents these benchmarks as checks that can be validated in real operating conditions. It argues that multi-asset trading platforms need mechanisms to contain risk and verify controls despite the complexity of shared infrastructure.

As described in the report, Universal Exchanges go beyond conventional crypto exchange models. Alongside digital assets, they include tokenised representations of instruments such as stocks and exchange-traded funds, plus products linked to commodities, foreign exchange, and precious metals. Unified accounts and shared risk engines can simplify access, but they also concentrate operational and security dependencies.

That concentration changes the consequences of failure. Weaknesses in account controls, data handling, or permissioning can affect multiple markets at once. Shared components can also turn a single incident into an exchange-wide event, particularly when margin and settlement processes are tightly coupled across products.

From Reactive to Continuous

The report frames its approach as a shift away from reactive controls and post-incident disclosure. Instead, it emphasises continuous monitoring and "provable resilience" across the full exchange stack, including custody, pricing, settlement, and user-facing systems.

It also calls for solvency checks that can be independently verified. Proof-of-reserves has become a common way for crypto exchanges to show customer assets are backed 1:1, but the report argues that solvency assurances must evolve as platforms add more asset types with different settlement and custody models.

Multi-asset risk isolation is another focus. Unified margin systems let users trade across markets using a shared pool of collateral, but losses in one product line can quickly spread to others. The framework calls for design choices that separate risk where needed and controls that limit spillover during market stress or operational disruptions.

On data security and privacy, the report treats user information and trading data as core elements of the attack surface. Universal platforms typically centralise identity, permissions, order history, and risk profiles across products, raising the impact of any breach. That makes governance, access controls, and monitoring critical.

AI-driven monitoring is presented as a way to respond to fast-moving threats and anomalous patterns in large trading environments. The report links this to dynamic detection rather than static rules, and to incident-response readiness through playbooks and escalation processes designed to shorten response times.

Bitget Measures

Bitget highlights safeguards it says are already in place, including regular proof-of-reserves reporting and a Protection Fund. The report describes these as measures that can be tracked and verified over time.

According to the report, BlockSec's contribution includes real-time monitoring, offensive security testing, and incident-response readiness. It also references compliance-grade controls such as anti-money laundering screening and fund tracing.

Bitget Chief Executive Officer Gracy Chen said the shift to a universal exchange model changes the risk profile for trading venues.

"The transition to Universal Exchanges changes the nature of security risk," said Gracy Chen, CEO of Bitget. "Security can no longer focus on individual assets or reactive disclosure. It must operate at the system level, where risks are identified early, isolated by design, and verified under real-world conditions."

Broader Industry Shift

The report also places Universal Exchanges in the context of converging market infrastructure. It argues that combining crypto-native assets with off-chain instruments expands the security boundary and introduces dependencies that differ from purely on-chain trading.

BlockSec Co-founder and Chief Executive Officer Yajin Zhou described the shift as structural rather than incremental.

"UEX is not just a product upgrade. It is a structural shift in how trading infrastructure and security must work," said Yajin Zhou, Co-founder and CEO of BlockSec. "When you combine crypto-native assets with stocks, ETFs, and other off-chain instruments, the security boundary expands dramatically. Platforms must prove asset transparency, ensure pricing integrity, and secure off-chain dependencies to the same standard as on-chain systems. UEX demands a unified, verifiable security framework that can protect multi-asset trading at scale."

Beyond technical controls, the report covers transparency practices, emergency-response preparation, and user education. It presents security as an operating discipline that must evolve as product scope expands and venues connect to a wider set of markets and intermediaries.

Bitget reports having more than 125 million users and offering access to crypto tokens and tokenised versions of traditional instruments, alongside products linked to commodities, foreign exchange, and precious metals. It also offers an AI agent positioned as a co-pilot for trade execution.

The authors present the UEX Security Standard as a reference point for exchanges and regulators assessing multi-asset platforms, as more trading moves into unified-account environments built on shared infrastructure.