Bitget has unveiled a new regulated platform called Reality, designed to bridge traditional finance with blockchain technology. This initiative focuses on providing on-chain access to tokenized U.S. stocks and exchange-traded funds, marking a significant step in the exchange’s expansion into real-world asset tokenization.
Reality will issue digital tokens known as rTokens, each backed 1:1 by actual shares held through regulated U.S. broker-dealers. These assets are secured by infrastructure registered with FINRA and protected by SIPC, and they are linked to major American exchanges such as Nasdaq and the NYSE. Initially, the platform will offer tokenized exposure to selected U.S. equities and ETFs, with plans to later include bonds and Treasury instruments.
Users can mint and redeem rTokens around the clock on weekdays using stablecoins. Additionally, these tokens can be utilized as collateral in decentralized finance applications, enhancing their utility. Bitget CEO Gracy Chen predicts that tokenized assets could represent nearly 10% of global financial assets by 2030, driven by stablecoin adoption and faster blockchain settlements.
To address common issues in the tokenized asset market, Reality ensures that dividend payouts from rTokens are distributed directly in stablecoins, rather than being reinvested into token prices. The platform has also undergone independent smart contract audits and reserve attestations by The Network Firm, with reserve ratios maintained above 100% for all issued rTokens.
Beyond Reality, Bitget continues to expand its tokenized trading offerings. Recently, it introduced IPO Prime, a subscription-based market for pre-IPO tokenized allocations, and launched a perpetual contract tied to SpaceX’s potential listing, offering up to 5x leverage. The exchange now provides access to over 100 tokenized stocks, ETFs, commodities, and forex instruments.
Traditional financial institutions are also exploring tokenization’s potential. JPMorgan’s global head of ETF product noted that tokenization could transform the funds industry, while ARK Invest projects tokenized assets could exceed $11 trillion by 2030. Currently, the real-world asset market is valued at approximately $34.1 billion, with tokenized U.S. Treasuries accounting for $15.3 billion.