SpaceX Tokenized Stock (Reality) (rSPCX)

Tried rSPCX on @bitget over the weekend and noticed something weird, I could actually place an order even though Nasdaq was closed.

Turns out that's the whole point. rToken isn't just tracking a price from a closed market, it's backed 1:1 by real shares Bitget holds through their broker setup, and they publish proof of reserves daily so you're not just trusting a number on a screen. That's why the weekend book actually works, there's real backing behind it, not a guess at what the price "should" be.

Compare that to most tokenized stock products I've tried, they basically go quiet the second the real market closes. This one doesn't.

Also used rSPCX as margin for a separate crypto trade. Didn't feel like a hack or workaround, just felt like normal use of an asset that's actually backed.

Haven't pushed real size through the weekend book yet to see how thin liquidity gets, that's next. But the fact that it works at all on a Saturday is the part most people are sleeping on.

#BitgetrTokenChallenge #Bitget #rToken

Bitget’s rToken product just crossed $100M in AUM, in five weeks.

$671.37M has been traded on rTokens since launch, nearly 6x the current AUM. That means people aren’t just holding these, they’re actively trading them.

$rSPCX is the most popular one right now, making up 23.51% of all rToken activity. $rCSCO and $rNVDA follow behind it.

Bitget ranked among the top three exchanges by Nasdaq-100 Index ETF (QQQ) open interest, holding 26.43% of the total $92.23 million market today, alongside Binance and OKX, with the three platforms collectively accounting for about 73% of market share.

Tokenized stocks are turning into a real market, not just an experiment.

According to Bitget market data, SpaceX tokenized stock rSPCX is now at 176.31 USDT, up 30.60% from the IPO price of $135 and up 17.54% from the opening price of $150. https://t.co/W4UIYcO21p