Bitget ecosystem’s RWA protocol Reality has entered a strategic partnership with Merkl, supporting rTokens to receive dividend distributions in DeFi scenarios.
4 days ago
According to an official announcement from Bitget, Bitget’s ecosystem tokenized US stock protocol Reality has formed a strategic partnership with DeFi rewards infrastructure provider Merkl. The two parties will use Merkl’s reward forwarding function to identify actual holders of rTokens deployed in supported DeFi protocols. Even when users utilize rTokens in DeFi scenarios such as lending, liquidity pools, or staking, they can still receive dividends in stablecoins as per the rules. Pablo Veyrat, CEO and co-founder of Merkl, noted that a key challenge facing DeFi assets is identifying the actual holders behind each position. Merkl’s reward forwarding technology can penetrate multiple nested smart contracts to map underlying asset holding relationships, ensuring dividends are accurately distributed to eligible holders. Gracy Chen, CEO of Bitget, stated that the value of tokenized stocks should not be limited to trading. Even when users commit rTokens to DeFi applications, they should still be able to access eligible dividends. This partnership with Merkl will help resolve this pain point, unlocking greater value for tokenized stocks in daily financial use cases. Per DeFiLlama’s report, rTokens recorded a cumulative trading volume of $1.16 billion between June and July 2026; in July 2026, the number of users trading both crypto assets and rTokens rose 23.54% month-over-month. The collaboration will further drive rTokens’ expansion from trading scenarios to the DeFi ecosystem, enriching on-chain use cases for tokenized stocks.
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