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Crypto Wallet Accesses 1,700+ Tokenized Stocks
15 Sep
Summary
- Bitget Wallet now offers over 1,700 tokenized stocks and ETFs.
- Reality's protocol issues tokens backed by real shares.
- Token holders receive dividends and automatic corporate actions.
Bitget Wallet has significantly expanded its offerings by integrating the tokenized-asset protocol Reality. This collaboration provides the wallet's 100 million global users with access to over 1,700 tokenized stocks and exchange-traded funds, marking a substantial step in making real-world assets available through self-custodial crypto solutions.
The Reality protocol issues rTokens that track more than 600 U.S. stocks and ETFs. These tokens are backed one-to-one by shares held at Alpaca Securities, a FINRA-registered broker-dealer. Daily attestation by a third-party accounting firm ensures the reserves backing these digital assets.
Trading of these tokenized equities occurs during U.S. market hours, with orders routed to Nasdaq and New York Stock Exchange liquidity. Token holders enjoy direct dividend payments in stablecoins to their wallets. Furthermore, corporate actions like stock splits are applied automatically, and the tokens can be utilized in decentralized finance applications, including as collateral.
