Reality’s rNVDA token sees $18M market cap increase on Arbitrum One

A tokenized version of NVIDIA stock living on Arbitrum One just added roughly $17.5 million to $18 million in market cap over the past 30 days. The token, called rNVDA, is issued by Reality Protocol, a subsidiary of crypto exchange Bitget, and each unit is backed 1:1 by actual NVIDIA shares held in custody. As of mid-August 2026, rNVDA’s on-chain market cap sits at approximately $20.56 million, with each token trading near $225.05. That means the vast majority of the token’s current valuation materialized in just one month. How rNVDA actually works Reality Protocol mints rNVDA tokens on Arbitrum One, and for every token in circulation, a corresponding NVIDIA share is custodied by Alpaca Securities LLC, a broker-dealer registered with FINRA. The Network Firm provides continuous attestations to verify that the backing exists, functioning as a sort of on-chain proof-of-reserves for equities. When NVIDIA pays dividends, rNVDA holders receive the equivalent in stablecoins distributed on-chain. If NVIDIA executes a stock split or other corporate action, the platform handles the adjustment automatically. The minting and redemption window runs 24 hours a day, five days a week. Reality Prot...