Reality-issued assets reach $138M market cap on Arbitrum One

Tokenized stocks on blockchain rails have been the white whale of crypto for years. Reality Protocol, the issuer behind Bitget’s Stocks 2.0 initiative, is making a credible run at it with 69 tokens collectively worth $137.6 million on Arbitrum One. The three largest assets by market cap are rMU (Micron), rSNDK (SanDisk), and rNVDA (NVIDIA), all trading as ERC-20 tokens that offer 1:1 economic exposure to their underlying US equities. Each token is designed to track the price of an actual stock, backed by real shares held in custody. How Reality Protocol actually works Reality Protocol launched between May and June 2026 as part of Bitget’s broader push to bring traditional equities into its crypto trading ecosystem. Each rToken is an ERC-20 asset deployed on Arbitrum One. The tokens are backed by actual shares in custody, not synthetic exposure or derivatives. Independent daily Proof-of-Reserve audits are conducted by The Network Firm, with results verifiable at realityfinance.xyz. The protocol also introduced USDT-based trading, meaning users don’t need to touch fiat rails to get equity exposure. Dividends are distributed separately as stablecoins. On-chain trading and margin accou...