Bitget Wallet Launches Tokenized US Stocks and ETFs
Bitget Wallet is set to launch rTokens, tokenized versions of US stocks and ETFs from Reality, on September 15. This will add over 1700 tokens to its platform, including more than 600 listed on Bitget's own Reality directory.
The rTokens are backed by one-for-one shares held at Alpaca Securities, a FINRA-registered and SIPC-member brokerage firm. The company will audit the reserves daily. During US trading hours, orders for these tokens will be routed to NASDAQ and NYSE liquidity pools.
Among the initial list of available rTokens are rNVDA, rTSLA, rAAPL, rAMZN, rSPY, and rQQQ. Dividends on qualified stocks will automatically exchange 30% tax deducted USDT at $1.00 live after issuance. Other corporate actions such as stock splits will be reflected immediately.
rTokens will be available for trading five days a week, 24 hours a day, with 90 of them also tradable on weekends. They can be used as collateral in DeFi applications.