Bitget has launched a regulated tokenization platform called Reality, expanding its push into on-chain access to U.S. financial assets through tokenized stocks and ETFs.
Summary
- Bitget has launched Reality, a regulated platform issuing 1:1-backed tokenized U.S. stocks and ETFs through on-chain “rTokens.”
- The exchange said Reality supports 24/5 minting and redemption, stablecoin dividend payouts, and DeFi-compatible tokenized assets.
- Bitget has also expanded its tokenized offerings with SpaceX-linked pre-IPO products, including the SPCXUSDT perpetual contract and preSPAX spot exposure.
According to a statement shared by Bitget on Tuesday, the new platform will issue “rTokens,” which are blockchain-based representations of publicly traded equities and exchange-traded funds backed 1:1 by real shares held through regulated U.S. broker-dealers.
The exchange said the underlying assets are secured through FINRA-registered and SIPC-protected infrastructure tied to major U.S. exchanges, including Nasdaq and the NYSE.
Reality will initially focus on tokenized exposure to selected U.S. stocks and ETFs before extending into other asset classes such as bonds and Treasuries, Bitget said. The company added that users will be able to mint and redeem rTokens using stablecoins on a 24/5 basis while also using those assets as collateral across decentralized finance applications.
In the company’s announcement, Bitget CEO Gracy Chen said the exchange expects tokenized assets to account for nearly 10% of global financial assets by 2030. Chen attributed the growth outlook to stablecoin adoption, faster blockchain settlement systems, and rising interest from crypto exchanges and financial firms.
At the same time, Bitget positioned Reality as a response to long-running issues in the tokenized asset market, particularly limited liquidity and inconsistent handling of dividends and corporate actions. According to the company, dividend payouts tied to rTokens will be distributed directly in stablecoins instead of being reinvested into token prices.
“Reality aims to make the future of finance the default, not the exception. Its vision is to dissolve the old boundaries between traditional markets and crypto, turning tokenized assets into the natural, invisible layer of a single, always‑on, borderless financial system—where stocks, bonds, ETFs, Treasuries, and DeFi yields all live under one unified logic,” noted Reality in a May 26 X post.
Reality expands Bitget’s tokenized trading business
Alongside the Reality launch, Bitget has continued adding products tied to tokenized private and public market exposure. Last month, the exchange introduced IPO Prime, a subscription-based market that offers tokenized allocations linked to private companies before their public listings.
More recently, Bitget launched SPCXUSDT, a pre-IPO perpetual contract connected to expectations surrounding a potential SpaceX listing. According to Bitget, the derivative product allows traders to speculate on SpaceX valuation movements without owning equity in the company itself.
The exchange said SPCXUSDT trades around the clock, settles in USDT, and supports leverage of up to 5x. Funding fees are charged every eight hours. Bitget also clarified that the product tracks market expectations tied to a possible listing rather than actual ownership of SpaceX shares.
As crypto.news reported earlier, SpaceX could target a Nasdaq listing as early as June 12 under the ticker SPCX. The company may pursue a valuation near $1.75 trillion while seeking roughly $75 billion through the offering. SpaceX has not formally confirmed those plans.
Meanwhile, Bitget said its tokenized products lineup now includes access to more than 100 tokenized stocks, ETFs, commodities, gold products, and foreign exchange instruments.
Wall Street firms continue discussing tokenization growth
Outside the crypto sector, several traditional finance institutions have recently discussed the role tokenization could play in capital markets infrastructure. Last month, JPMorgan’s global head of ETF product, Ciarán Fitzpatrick, said tokenization could change not only ETFs but the wider funds industry as well.
Earlier this year, investment firm ARK Invest projected that tokenized assets could exceed $11 trillion by 2030. Data from RWA.xyz currently values the real-world asset sector at about $34.1 billion, including roughly $15.3 billion tied to tokenized U.S. Treasury products.
According to Bitget’s announcement, Reality has also undergone independent smart contract audits and reserve attestations through accounting firm The Network Firm, with reserve ratios maintained above 100% for all issued rTokens.
