Bitget’s rToken AUM Tops $200 Million as August Trades Reach 1.2 Million
Summary
- Bitget said the assets under management (AUM) of its tokenized stock product rToken surpassed $200 million.
- Last month, rToken trades totaled about 1.2 million, while the number of users increased about 20% from a month earlier.
- rToken AUM nearly doubled over two months, rising from $114 million at the start of August.
Forecast Trend Report by Period
Bitget’s tokenized stock product, rToken, has surpassed $200 million in assets under management.
Odaily reported on September 3 that rToken logged about 1.2 million trades last month. The number of users trading rToken increased about 20% from a month earlier.
rToken’s assets under management rose above $200 million last month. Bitget had earlier said rToken’s AUM stood at $114 million at the start of August. That puts AUM at nearly double its level from two months earlier.
rToken symbols are displayed by adding the letter “r” before a stock ticker. Nvidia trades as rNVDA, while Apple trades as rAAPL.
Each rToken is pegged one-to-one to its underlying asset. Reserve assets are held by a licensed custodian.
Stock dividends are also paid one-to-one in token form. Corporate actions such as stock splits and reverse splits are synchronized with the token.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul