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Bitget launches RWA platform Reality in tokenization push

The Block
Crypto exchange Bitget has introduced Reality, a platform dedicated to tokenizing real-world assets like U.S. stocks and ETFs.

Summary

Crypto exchange Bitget has launched Reality, a new platform designed to tokenize real-world assets (RWAs). The platform will initially provide users with exposure to U.S. stocks and exchange-traded funds (ETFs) via rTokens, which are 1:1 backed by assets held with a regulated U.S. broker-dealer. By integrating these tokenized assets into its trading ecosystem, Bitget aims to increase capital efficiency and bypass traditional geographic and settlement barriers. This initiative aligns with Bitget's projection that 10% of global financial assets will be tokenized by 2030.

(Source:The Block)