Odaily – According to official Bitget news, Reality, Bitget's ecosystem tokenized US stock protocol, has entered into a strategic partnership with DeFi rewards infrastructure Merkl. Through Merkl's reward forwarding feature, the two parties will identify the actual holders of rTokens deployed in supported DeFi protocols. Users can still receive dividends in stablecoin form according to the rules even when they use rTokens in DeFi scenarios such as lending, liquidity pools, or staking.
Pablo Veyrat, CEO and co-founder of Merkl, stated that a major challenge facing DeFi assets is how to identify the actual holder behind each position. Merkl's reward forwarding technology can penetrate multiple layers of nested smart contracts to identify the underlying asset holding relationships, thereby ensuring that dividends are accurately distributed to eligible holders.
Bitget CEO Gracy Chen stated that the value of tokenized stocks should not be limited to trading. Even when users deploy rTokens into DeFi applications, they should be able to continue receiving eligible dividends. This partnership with Merkl will jointly solve this challenge and enable tokenized stocks to deliver greater value in everyday financial applications.
According to a DeFiLlama report, rToken's cumulative trading volume reached $1.16 billion from June to July 2026; in July 2026, the number of users trading both crypto assets and rTokens increased by 23.54% month-over-month. This partnership will further drive rToken's expansion from trading scenarios into the DeFi ecosystem, enriching the on-chain application scenarios for tokenized stocks.
