Bitget launches Reality platform to tokenize US stocks

Bitget, a major cryptocurrency exchange, has launched a new platform called Reality, designed to bring tokenized U.S. stocks and exchange-traded funds onto the blockchain. The platform, announced on May 26, issues digital tokens known as rTokens that represent ownership in selected publicly traded equities and ETFs.

Each rToken is fully backed one-to-one by real shares held through a regulated U.S. broker-dealer that is registered with FINRA and a member of SIPC, the exchange said. The underlying securities are custodied with connections to major U.S. exchanges including Nasdaq and the New York Stock Exchange. The platform supports minting and redemption of tokens using stablecoins on a 24/5 basis.

According to Bitget CEO Gracy Chen, the initiative aims to bridge traditional finance and decentralized finance by creating a single ecosystem. She stated that holding an rToken provides the same economic exposure as holding the actual stock, while also integrating with Bitget’s broader trading services. Tokenized assets can be used for derivative transactions, as collateral, or within various trading strategies on the exchange.

Reality launches with a curated selection of U.S. stocks...