Bitget ecosystem RWA protocol Reality and Merkl form strategic partnership, enabling rToken to receive dividend distributions in DeFi scenarios

Per TechFlow, November 6, according to Bitget official news, Bitget ecosystem tokenized U.S. stock protocol Reality and DeFi rewards infrastructure Merkl have entered a strategic partnership. Through Merkl's reward forwarding feature, the two parties will identify actual holders of rToken deployed in supported DeFi protocols. Even if users use rToken in lending, liquidity pools, or staking DeFi scenarios, they can still receive dividends in stablecoin form according to the rules.

Merkl CEO and co-founder Pablo Veyrat said that a major challenge facing DeFi assets is identifying the actual holders behind each position. Merkl's reward forwarding technology can penetrate multiple layers of nested smart contracts to identify underlying asset ownership relationships, 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 if users deploy rToken into DeFi applications, they should still be able to continue receiving eligible dividends. This partnership with Merkl will jointly solve this challenge, enabling tokenized stocks to deliver greater value in everyday financial applications.

According to a DeFiLlama report, cumulative rToken trading volume from June to July 2026 reached $1.16 billion; in July 2026, the number of users trading both crypto assets and rToken increased 23.54% month over month. This partnership will further extend rToken from trading scenarios into the DeFi ecosystem, enriching on-chain use cases for tokenized stocks.

Source: TechFlow