Bitget has launched a regulated tokenization platform called Reality, expanding its access to on-chain US financial assets through tokenized stocks and ETFs.
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- Launched Bitget Reality, a regulated platform that issues US stocks and ETFs backed 1:1 by on-chain “rTokens.”
- Reality supports 24/5 mining and redemption, stablecoin dividend payouts, and DeFi-compatible token assets, the exchange said.
- Bitget has also expanded its token offerings with SpaceX-related 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 stocks and exchange-traded funds backed 1:1 by real shares held through regulated US broker-dealers.
The exchange said the underlying assets are secured through FINRA-registered and SIPC-protected infrastructure linked to major U.S. exchanges, including Nasdaq and NYSE.
Bitget said Reality will initially focus on token exposure to select US stocks and ETFs before expanding to other asset classes such as bonds and Treasuries. Users will be able to mint and redeem rTokens using stablecoins 24/7 while also using these assets as collateral via decentralized finance applications, the company added.
In the company’s announcement, Bitget CEO Gracie Chen said the exchange expects token assets to represent nearly 10% of global financial assets by 2030. Chen attributed the growth expectations to the adoption of stable currencies, faster blockchain settlement systems, and increased interest from cryptocurrency exchanges and financial companies.
At the same time, Bitget positioned Reality as a response to long-standing issues in the token asset market, particularly limited liquidity and inconsistent handling of dividends and corporate actions. According to the company, dividends associated with rTokens will be distributed directly into stablecoins rather than 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 cryptocurrencies, turning token assets into a natural, invisible layer of a single, always-on borderless financial system — where stocks, bonds, ETFs, treasuries, and DeFi returns live under one unified logic,” Reality noted in the May 26 issue of X. mail.
Reality expands Bitget’s token trading business
Along with the launch of Reality, Bitget has continued to add products related to token exposure for the private and public market. Last month, the exchange introduced IPO Prime, a subscription-based marketplace that offers token allocations tied to private companies ahead of their public listing.
More recently, Bitget Fired SPCXUSDT, a pre-IPO perpetual contract tied to expectations surrounding SpaceX’s potential listing. According to Bitget, the derivative product allows traders to speculate on SpaceX’s valuation moves without owning shares in the company itself.
SPCXUSDT trades around the clock, is settled in USDT, and supports leverage of up to 5x, the exchange said. Finance fees are charged every eight hours. Bitget also clarified that the product tracks market expectations associated with a potential listing rather than actual ownership of SpaceX shares.
As previously reported by crypto.news, SpaceX could target a Nasdaq listing as early as June 12 under the ticker SPCX. The company may seek a valuation closer to $1.75 trillion while seeking approximately $75 billion through the offering. SpaceX has not officially confirmed these plans.
Meanwhile, Bitget said its token product suite now includes access to more than 100 token stocks, ETFs, commodities, gold products and foreign exchange instruments.
Wall Street firms continue to discuss the growth of the token
Outside of the cryptocurrency sector, many traditional financial institutions have recently discussed the role tokenization can play in capital markets infrastructure. Last month, Kieran Fitzpatrick, global head of ETF product at JPMorgan, said tokenization could change not just ETFs but the broader fund industry as well.
Earlier this year, an investment firm Ark Investment Token assets are expected to exceed $11 trillion by 2030. Data from RWA.xyz The real-world asset segment is currently estimated at approximately $34.1 billion, including approximately $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 certifications through accounting firm The Network Firm, maintaining reserve ratios above 100% for all rTokens issued.
