Crypto news

The cryptocurrency exchange Bitget has published a detailed guide for institutional investors on using rToken as collateral. The document thoroughly analyzes five strategies that allow combining cryptocurrencies and US stocks in a shared margin pool. This is a significant step forward in the development of cross-asset solutions, opening up new opportunities for capital management.

rToken is an RWA token of the Reality platform, supported by Bitget. Each token has the prefix "r": for example, rTSLA for Tesla shares, rAAPL for Apple, and so on. The underlying assets are held by a broker registered with FINRA and protected by the SIPC insurance system. The Reality platform already supports 500 tokenized US stocks and ETFs, including prominent names such as Intel, Nokia, SpaceX, and Nvidia. The volume of assets under management at Reality has exceeded $100 million, confirming growing interest in tokenized financial instruments.

Five Key Use Cases

1. Buying stocks without selling cryptocurrencies. An investor can pledge Bitcoin or Ethereum, borrow USDT, and purchase rNVDA or rTSLA in the same account. The maximum leverage on a spot position reaches 5x, while the core crypto portfolio remains untouched. This is an ideal scenario for those who want to maintain long-term positions in cryptocurrencies while diversifying into stocks.

2. Carry trade on rSTRC. This is a tokenized form of Strategy's preferred shares. The liquidation par value is $100, the market price hovers around $88, and the annual dividend is $12 per token. Payments accrue on the entire par value of the position, while interest is charged only on the borrowed portion. With 3x leverage and a 2% rate, the net yield reaches 36.8% per annum compared to 13.6% without leverage. This is a powerful tool for arbitrage, but it requires careful monitoring.

3. Stocks as margin for crypto futures. Tokens like rNVDA, rTSLA, and similar ones can secure positions in BTC and ETH while maintaining investments in the securities. This allows investors to use stocks as collateral for trading futures without selling them.

4. Cheap financing. Borrowing USDT against Bitcoin and Ethereum costs only 2.5% per annum, and USDC at 3.3%. For comparison, competitors offer rates from 3.7%. The funds can be directed to crypto positions, stocks, or a CFD account for trading gold and oil.

5. Choosing between efficiency and isolation. The UTA loan mode shares the margin pool with other positions, allowing for the netting of profits and losses. Crypto Loans, on the other hand, calculates risk separately, protecting the rest of the account from the failure of a single strategy.

Risks and Nuances

The shared margin pool works both ways: a decline in stocks can accelerate the liquidation of crypto collateral. Loan rates are floating, so a positive spread is not guaranteed. Redemption of rSTRC is only available during specific windows, and the cancellation of the dividend nullifies the yield model. Investors are advised to assess Strategy's creditworthiness independently.

The data in the document is as of July 22, 2026. The publication continues the Universal Exchange (UEX) strategy, under which the exchange combines digital assets, stocks, commodities, and the foreign exchange market into a single trading environment. Trading in tokenized securities becomes available after registering an account on Bitget.

My expert conclusion: This guide is not just a set of instructions but a clear signal to the market. Bitget is systematically building infrastructure for institutional capital flows, where the boundaries between TradFi and DeFi are blurring. However, as with any complex financial instrument, risk management and understanding the volatility of collateral assets are critically important here. For experienced players, this is an opportunity for arbitrage and efficient capital allocation, but beginners should start with small positions.