Bitget launches Reality to tokenize U.S. stocks

Bitget launched Reality, a regulated platform that issues one-to-one tokenized U.S. stocks known as rTokens. Each rToken is backed by the corresponding security held through licensed custodians and broker partners tied to major U.S. exchanges.

Reality connects to regulated brokerage rails, using a FINRA-registered, SIPC-member broker-dealer that operates on a self-clearing basis. Securities connected to rTokens are ultimately registered through the Depository Trust & Clearing Corporation.

Minting and redemption of rTokens are available around the clock on weekdays. Settlement can occur in real time or through delayed models. Dividends from the underlying shares are converted and distributed to rToken holders in stablecoins, and rToken prices are designed to track the underlying equities.

rTokens are transferable onchain and compatible with decentralized finance infrastructure. Holders can move tokens between wallets, use them as collateral, or integrate them with external DeFi protocols while custody and registration remain with regulated partners.

Bitget intends to expand Reality beyond individual stocks to include exchange-traded funds and bonds. The platform supports fractional ownership and continuous token transfers to address settlement timing and trading-hour differences tied to traditional markets.

U.S. regulators, including the Securities and Exchange Commission, have been reviewing frameworks for blockchain-based securities. Bitget described Reality as a regulated pathway to bring traditional market infrastructure and onchain networks together rather than to replace existing market systems.