Bitget ecosystem RWA protocol Reality partners with Merkl, r
On November 6, 2026, Reality, the tokenized US stock protocol in the Bitget ecosystem, announced a strategic partnership with DeFi rewards infrastructure Merkl. Through rewards forwarding technology, the two parties will identify the actual holders of rToken in supported DeFi protocols, enabling users to continue receiving dividends in stablecoin form according to the rules even when their assets are used in lending, liquidity pools, or staking scenarios.
Event Timeline
- [11-06 10:27] Bitget ecosystem RWA protocol Reality enters strategic partnership with Merkl, supporting rToken dividend distribution in DeFi scenarios (Odaily)
- [11-06 10:42] Bitget ecosystem Reality partners with Merkl to support rToken dividends in DeFi scenarios (Wu Blockchain)
Background and Impact
On November 6, 2026, according to official Bitget information, Reality, the tokenized US stock protocol in the Bitget ecosystem, announced a strategic partnership with DeFi rewards infrastructure Merkl. Odaily reported at 10:27 that day, and Wu Blockchain followed up at 10:42. The two sources described the partnership in substantially the same terms: through Merkl's rewards forwarding function, the two parties will identify the actual holders of rToken deployed in supported DeFi protocols, so that users can still receive dividends in stablecoin form according to the rules even if they use rToken in DeFi scenarios such as lending, liquidity pools, or staking.
Pablo Veyrat, CEO and co-founder of Merkl, said that a major challenge facing DeFi assets is how to identify the actual holder behind each position; Merkl's rewards forwarding technology can penetrate multiple layers of nested smart contracts and identify the underlying asset holding relationships, thereby ensuring that dividends are accurately distributed to eligible holders. Bitget CEO Gracy Chen said that the value of tokenized stocks should not be limited to trading — even when users put rToken into DeFi applications, they should still be able to continue receiving eligible dividends.
In its report, Wu Blockchain cited official disclosed data stating that rToken's cumulative trading volume from June to July this year reached USD 1.16 billion. The two materials show no substantive conflict on the content of the partnership; the difference lies in emphasis: Odaily focused on quoting the remarks of Veyrat and Gracy Chen, while Wu Blockchain added the above trading volume data. However, both sources premised their reports on "supported DeFi protocols" and "according to the rules," and neither disclosed the specific list of supported protocols, the dividend snapshot method, or the calculation details, nor did they give a launch date for the feature.
In terms of impact, the direct change brought by this partnership is that the identification scope for dividend distribution extends from direct wallet holdings to positions nested within DeFi protocols. The three scenarios of lending, liquidity pools, and staking are explicitly mentioned, and the penetrating identification of underlying asset holding relationships is the technical prerequisite. Because the protocol list and distribution rules have not yet been made public, the impact on rToken holders' actual returns still awaits further official clarification. For users who wish to track rToken and the related ecosystem, they can check platform announcements and product descriptions through channels such as Bitget registration and APP download, OKX registration and APP download, Binance registration and APP download, HTX registration and APP download, and Gate.io registration and APP download. This item is a statement of partnership facts and does not constitute investment advice.
Frequently Asked Questions
### What exactly does this partnership mean for rToken holders?
According to both sources, after users put rToken into DeFi scenarios such as lending, liquidity pools, or staking, they can still receive dividends in stablecoin form according to the rules, provided that the protocol in question is among the "supported DeFi protocols." The specific rules and list have not yet been made public.
### Which DeFi protocols are currently supported, and when will the feature launch?
Neither material disclosed the list of supported protocols, the dividend snapshot method, the calculation details, or the launch date. They only mentioned that Merkl's rewards forwarding technology can penetrate multiple layers of nested smart contracts to identify underlying holders. Follow-up should be based on official announcements.
### What is rToken's trading scale, and what should be watched going forward?
According to official disclosure, rToken's cumulative trading volume from June to July this year reached USD 1.16 billion. Going forward, attention can be paid to the officially announced list of supported protocols, dividend distribution rules, and launch timing, as this information will determine the actual coverage of the feature.