Recently, the market has indeed been hard to bear, with BTC falling below 67,000, and I believe there are quite a few friends struggling to hold on. In fact, many people have been looking for new opportunities during this time, and US stocks have been the most mentioned direction. But once US stocks are mentioned, crypto users' concerns immediately arise: do we have to find a traditional broker to open an account? Will identity verification be very troublesome? How do we exchange dollars? Trading hours are completely opposite to ours; do we have to stay up all night to watch the market? I’m already busy enough watching cryptocurrencies; having to maintain a completely different account system sounds overwhelming.

However, I recently discovered a solution that is particularly suitable for us, which is the Reality platform and rToken just announced by Bitget. What it aims to do is very simple: to let crypto users interact with US stocks and ETFs in the way we are most familiar with, without changing any habits or going through cumbersome processes. Today, I won’t discuss anything too complicated; I will help everyone solve three core questions: what exactly is rToken? How is it different from the US stock contracts and traditional US stocks we are familiar with? What should we do next if we are interested in this direction?

Friends who do not yet have a Bitget account can register through this link first, and once the rToken officially opens all functions, you will be able to participate as soon as possible without being caught off guard: https://jump.do/zh-Hans/xlink-proxy?id=6

Before we start, let me clarify the most easily confused aspects. There are actually three types of products related to US stocks in the market, and many people mix them up, but essentially they are completely different. The first type is the most traditional US stock, where you need to open a securities account, convert RMB to USD and transfer it in, buying real stocks and trading according to traditional financial rules; all the processes and regulations are completely different from the crypto world we are familiar with. The second type is the US perpetual contracts that many people may have already encountered; this is more like the crypto contracts we usually play with, where you are only trading price directions, can go long or short, and can use leverage, but there is also the risk of liquidation. Most importantly, you never actually hold the corresponding stocks; you're merely betting on price fluctuations.

What I want to talk about today, rToken, is neither stock from a traditional broker nor a renamed US stock contract. It is a tokenized product on the blockchain representing US stocks and ETFs, where every rToken is backed by a corresponding real stock on a 1:1 basis. This is its most fundamental difference from contracts; contracts are zero-sum games, while rTokens are backed by real assets. Holding rTokens is equivalent to indirectly holding the corresponding shares of US stocks.

Some friends might ask, what is Reality? Reality is the platform that Bitget specifically created for RWA (Real World Asset) business. The term RWA is something we have heard a lot lately, and while it sounds a bit abstract, it is easy to understand. It means expressing real-world assets, such as stocks, bonds, and real estate, using blockchain technology, allowing them to circulate and trade on-chain. So you can remember it like this: Reality is responsible for producing these on-chain assets, rToken is the product that we ordinary users will actually use, and Bitget is the most important entry point for us to use the entire ecosystem.

From the official information released, there are several particularly important points that I want to highlight. First is the reliability of asset backing; every rToken is supported by 1:1 real stock. Bitget will first collect funds in bulk to accumulate shares, and after having sufficient stock, they will issue the corresponding rTokens, which are not just printed out of thin air. Additionally, Reality has reached a deep cooperation with Alpaca, providing a full set of US broker infrastructure support, including core elements like clearing, custody, and trade execution, ensuring the security of assets at the fundamental level. Here, I also want to clarify that Ondo operates independently in RWA, relying on its own Ondo GM to develop US stock tokens and US bond products, which is a completely different path from Bitget's Reality; please do not confuse them.

Next, I want to mention a point that many newcomers tend to overlook but is quite important: dividends. When we crypto users look at an asset, our first reaction is always whether it’s gone up or down. However, stocks are different; many people hold stocks for a long time, and in addition to making money from price appreciation, they also earn dividends from the company. So, does rToken pay dividends? The answer is yes, and it is done very thoughtfully. The dividends from the stocks will 1:1 map to rTokens, and cash dividends will automatically be converted into USDT and directly sent to your account without you having to do anything. If there are corporate actions like stock splits or mergers, they will also be synchronized and reflected in the on-chain rTokens, so you do not need to deal with these complex processes yourself.

The stocks in traditional brokerages and our crypto accounts are two completely separate worlds; transferring money in and out is cumbersome, and they cannot be used as margin for contract trading, nor can they participate in staking or lending, which are familiar methods to us. What Reality aims to achieve is much more than simply moving stocks on-chain. According to the official announced direction, in the future, rToken will fully integrate into Bitget's unified account system, and can be used as margin; it will also be compatible with grid trading, following, staking, and lending—all the products we are already accustomed to. This means the rTokens you buy do not have to sit idle waiting for price movements; they can continue generating returns in your account, which will greatly increase the capital utilization compared to traditional US stocks. But I must clarify that these are all future integration directions announced by the official, and do not imply that all functions are currently fully open; the specific timeline for when you can use them still has to rely on the official launch page of Bitget.

Finally, I want to update everyone on the current progress. Reality and rToken were officially announced to be launched on May 26, and full spot trading will open in early June. Relevant activities are actually already underway, but the complete user operation guide and dedicated landing page have not been fully disclosed, so I can’t provide screenshots or demonstrations of how to operate specifically. As soon as I have more complete information, I will synchronize with everyone in the group and will also release a step-by-step operation tutorial. Therefore, what everyone should do now is to download and register for a Bitget account, complete the preliminary preparations, and be ready to enter right when the portal opens, without missing the opportunity due to last-minute registration and verification.

To summarize today's content, beginners only need to remember four sentences: First, traditional US stocks, US stock contracts, and rToken are three completely different products and should not be mixed up; Second, the core characteristic of rToken is that it is backed by real US stocks or ETFs on a 1:1 basis, which is its biggest distinction from contracts; Third, rToken does not just follow price fluctuations; stock cash dividends will automatically convert into USDT for distribution, and corporate actions like stock splits will also map synchronously; Fourth, in the future, rToken will fully integrate into Bitget's unified account system and support various familiar crypto methods, but the specific functions available will still depend on the official launch page.

https://www.aicoin.com/zh-Hans/live/list?tab=upcoming

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