Bitget Wallet shelves its own tokenized stocks beside Ondo's

Bitget Wallet began listing tokenized U.S. stocks and ETFs issued by Reality on Sept. 15, putting a third tokenized-equity issuer inside a wallet that already carries Ondo and xStocks, and because Reality sits inside the Bitget ecosystem, the wallet is distributing paper its own group issues. Bitget puts the wallet's user base above 100 million and the release argues that makes this one of the widest retail channels yet for tokenized equities, though wallet users are not funded brokerage accounts and the release does not say how many of the 100 million are cleared to buy.

The combined catalog runs past 1,700 tokenized stocks and ETFs, per the release, with Reality contributing more than 600 U.S. stocks and ETFs covering 95% of U.S. market trading volume, a figure Bitget repeats on its enterprise page and in its rToken FAQ; Ondo, which supplies Trust Wallet's tokenized stock offering, has taken its catalog past 430 assets across three chains. Whatever fills the gap between the combined figure and those two counts goes unbroken-out, and shelf size is a marketing number before it is a liquidity number.

The rTokens go live on Arbitrum and Morph and are not price-feed synthetics: each is backed one-to-one by U.S. shares held at Alpaca Securities, a FINRA-registered, SIPC-member broker-dealer, with reserves attested daily by The Network Firm, and during U.S. market hours Reality routes orders to Nasdaq and NYSE liquidity rather than to onchain pools alone. That routing cuts against this publication's standing line that tokenization's first products are wrappers whose underlying never moves; here it moves, and stops when the primary venues close, which is the gap the wrapper sells into.

What the wrapper adds is hours and plumbing: rTokens trade 24 hours a day, five days a week—90 of them trade weekends as well—and they are composable in DeFi and can be posted as collateral; eligible dividends arrive as stablecoins, with Bitget's FAQ noting cash dividends are credited after a 30% tax deduction and converted to USDT. Splits and other corporate actions are reflected without the holder lifting a finger, and a share parked at Alpaca does none of that on a Saturday.

All of it is jurisdictional: Reality's own site calls rTokens unregistered securities available only to eligible non-U.S. persons in permitted jurisdictions, Bitget's FAQ says the product is generally unavailable to U.S. persons, and the licenses the enterprise page lists run to South Africa, New Zealand and El Salvador. That is the inverse of the case Robinhood's chief executive has made to the SEC for a compliant U.S. path for tokenized stocks, and it leaves the current contest—Reality on Arbitrum and Morph, Ondo across three chains, Payward's xStocks on a planned LSE listing—running outside the market that supplies the underlying shares.

"Through an open API, wallets, exchanges and protocols can connect directly to rToken liquidity," said Alice Li, who heads Reality. The marquee names her catalog carries—rNVDA, rTSLA, rAAPL, rAMZN, rSPY and rQQQ—are the first six any issuer chasing the same retail buyer would pick, so the catalogs converge and the differentiator is the shelf. Bitget Wallet is now both a neutral counter listing Ondo and xStocks and a captive channel for a sister issuer. The neutral framing holds while the group needs third-party traffic, and Reality's share of the shelf grows regardless; owning both sides is worth more than the traffic a rival listing brings, and every issuer without its own channel should price that now.