Bitget Launches Reality RWA Platform in Tokenization Move

Cryptocurrency exchange Bitget today announced the launch of Reality, a platform focused on tokenizing real-world assets (RWA), expanding its move into tokenization. Reality will begin by offering tokenized U.S. stocks and exchange-traded funds (ETF). Bitget called the launch a “key step” in its Universal Exchange (UEX) roadmap, which seeks to combine access to crypto, on-chain markets, and traditional assets like commodities, foreign exchange, and precious metals such as gold in a single platform. Reality will issue rTokens, onchain representations of publicly traded equities, Bitget said in a blog post. Each rToken will be backed 1:1 by real shares held by a FINRA-registered, SIPC-protected U.S. broker-dealer. While rTokens are not actual…