Bitget Crypto Exchange Will Convert US Stocks Into rTokens

TLDR

• Crypto exchange Bitget is launching rToken Transfer, which lets users move eligible US-listed stocks and ETFs from outside brokerages onto its platform.
• The service covers more than 3,000 tokenized assets and does not require users to sell their holdings first.
• Transferred shares are converted into rTokens and added to users’ Bitget spot accounts.
• Bitget is also rolling out Super Match, a system that links its platform to multiple liquidity sources, including outside regular market hours.
• As of July 6, rToken assets under management stood at about $114 million, with over two million transactions.

Bitget, a crypto exchange, is expanding its real-world asset (RWA) business. The company is launching a service that lets users move US-listed stocks and ETFs onto its platform.

It is also rolling out a trading system called Super Match. The goal is to improve liquidity for tokenized securities.

Both efforts are tied to Bitget’s rToken ecosystem, which offers tokenized versions of traditional stocks and funds.

How the rToken Transfer Works

The new service is called rToken Transfer. It lets users move eligible stocks and ETFs held at outside brokerages into Bitget’s RWA ecosystem.

The service covers more than 3,000 tokenized assets. Investors can enter tokenized markets without selling their existing holdings first.

Transfers use a method called Free of Payment, or FOP. The securities go to Bitget’s designated Alpaca omnibus account.

Once the shares arrive and are processed, Bitget’s In-Kind Tokenization Network converts them into rTokens. The rTokens are then added to the user’s Bitget spot account.

The service is part of a project called Broker Interoperability. This project aims to connect traditional securities investing with digital asset infrastructure.

Transferred assets can be used for spot trading. Where available, they may also be used for margin, lending and borrowing, and earn products. Access depends on asset eligibility, local rules, and Bitget’s terms.

Bitget CEO Gracy Chen said the next phase of tokenization will be shaped by infrastructure that lets assets and liquidity move across markets. “Providing access to tokenized equities was a key starting point,” she said.

“Now we’re focused on connecting existing brokerage assets with deeper liquidity and more flexible ways to deploy capital,” she added.

Super Match Aims to Improve Liquidity

Chen said Broker Interoperability gives assets a way into the ecosystem. She said Super Match is designed to improve how liquidity and price discovery work once they are there.

Super Match links trading on the platform and market makers to several liquidity sources. It is built to improve execution and price discovery as more people trade tokenized equities.

The system is also meant to support trading outside regular stock market hours.

Chen said the effort is central to Bitget’s “Universal Exchange” plan. That plan seeks to bring traditional and digital assets together in one trading ecosystem.

She said the longer-term goal is to make tokenized equities more useful for both institutional and retail users. This includes wider use as collateral and in capital management tools.

The push builds on Bitget’s Reality RWA issuance platform. As of July 6, rToken assets under management stood at about $114 million, with more than two million transactions completed.

Bitget set Oct. 13 as the launch date for rToken Transfer.

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