Abstract: A transglycosylation product, a method of producing the same and use of the product. The transglycosylation product comprises an alkyl or hydroxyalkyl glycoside of a cellulose ester or ether, wherein the alkyl or hydroxyalkyl groups of the glycoside residue comprise a carbon chain having 1 to 4 carbon atoms, and having 0 to 2 free hydroxyl groups and being attached to the 1-carbon of the anhydroglucose unit via an oxy group. The product can be produced by mixing the cellulose derivative with mono-, di- or triol to form a reaction mixture, after which the reaction mixture is heated and the reaction is continued until a clear mixture is obtained. After cooling the recoverable product is suitable for use for example as an adhesive or as a hydrophobic coating.