Bitget Wallet Integrates 1,700 Tokenized US Stocks via Reality's rTokens

Bitget Wallet has announced the integration of Reality’s rTokens, effective September 15, allowing users to access tokenized versions of US stocks and ETFs. This move marks the third addition of tokenized equities on the platform, joining Ondo Global Markets and xStocks.

Reality's rTokens provide 1:1 economic exposure to underlying equities, with actual shares held in custody by Alpaca Securities, which is registered with FINRA. The arrangement includes daily third-party Proof of Reserve attestations, ensuring transparency and security for users. The platform operates under El Salvador’s digital asset regulatory framework.

With over $152 million in total value locked and coverage of more than 600 US stocks and ETFs, Reality's infrastructure boasts execution latency under 100 milliseconds and zero slippage in certain transactions. Users holding tokenized dividend-paying stocks will receive cash dividends in USDT, streamlining the process.

The integration allows users to swap directly from other on-chain assets into rTokens without needing to convert to fiat first, facilitating around-the-clock trading. This aligns with Bitget Wallet's vision of evolving into a self-custodial wealth management platform.

As part of a broader trend in crypto, Reality's integration emphasizes vertical integration, where the wallet serves as both a distribution channel and a corporate sibling of the issuer. While this model raises considerations about user awareness of the relationship, it mirrors traditional finance practices.

However, regulatory clarity around tokenized securities remains inconsistent across jurisdictions, with users in the US, EU, and other major markets potentially facing restrictions. The 1:1 backing model's strength relies heavily on the custodian and the attestation process.