TREE NEWS reports: Bitget’s tokenized US stock business hit a single-day trading volume high of $10 billion after the exchange replaced its Ondo-based system with its own Reality protocol, which connects directly to Nasdaq and NYSE liquidity, Greater China head Xie Jiayin said in an interview. The exchange launched gold, forex and silver contracts via MT5 on January 5, and US stock derivatives now account for 19.5% of its business, making it the second-largest market globally after Binance. Bitget’s September reserve proof stood at 131%.
Bitget’s US Stock rToken Daily Volume Peaks at $10B, Exec Says
AI take
The headline number matters less than the plumbing: swapping a third-party tokenization layer for a proprietary protocol wired directly into Nasdaq and NYSE liquidity is a bid for control over the issuance and settlement stack, not just trading volume. If that model holds, it sharpens the split between exchanges building in-house RWA rails and those renting them. Watch whether the US stock derivatives share keeps climbing, and whether the reserve-proof figure is updated to reflect the new product mix.
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