Bitget, the cryptocurrency exchange, has released a guide aimed at institutional investors detailing how to use rToken assets as collateral. This document outlines five strategies where cryptocurrencies and U.S. stocks can be utilized within a shared margin pool.

The rToken is associated with Reality's RWA tokens, which Bitget supports. The tokens are prefixed with an 'r', such as rTSLA for Tesla and rAAPL for Apple. The underlying assets are held by a FINRA-registered broker that participates in the SIPC insurance system. Reality currently supports 500 tokenized U.S. stocks and ETFs, including those of Intel, Nokia, SpaceX, and Nvidia, with total assets under management exceeding $100 million.

The strategies in the guide operate through the Cross-Asset Unified Account (UTA), which accepts 370 assets as collateral, including 100 U.S. stocks. This system allows cryptocurrencies and stocks to be considered within the same margin pool, eliminating the need to transfer funds between accounts.

Five Scenarios

  1. Purchasing Stocks Without Selling Crypto. The fund can use Bitcoin or Ethereum as collateral, borrow USDT, and buy rNVDA or rTSLA within the same account. The leverage on the spot position can reach 5x, keeping the main crypto portfolio intact.
  2. Carry Trade on rSTRC. This token represents a tokenized form of preferred shares in Strategy. The liquidation value is set at $100, with the market price hovering around $88, and an annual dividend of $12 per token. Payments are calculated on the full nominal position, while interest is charged only on the borrowed portion. With 3x leverage and a 2% rate, Bitget estimates a net annual return of 36.8%, compared to 13.6% without leverage.
  3. Using Stocks as Margin for Crypto Futures. Tokens like rNVDA and rTSLA can secure positions in BTC and ETH while maintaining investments in stocks.
  4. Cost-Effective Financing. Borrowing USDT against Bitcoin and Ethereum costs 2.5% annually, while USDC comes in at 3.3%. Bitget reports that competitors offer rates starting from 3.7%. There are no restrictions on using borrowed funds: they can be directed towards 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 profit and loss offsets. In contrast, Crypto Loans assesses risk separately, meaning a failure in one strategy does not impact the rest of the account.

“Institutional investors already have access to stock markets. The challenge now is to enable capital to work across multiple markets simultaneously. As tokenized assets enter institutional portfolios, the focus shifts from merely accessing assets to more efficient capital allocation,” stated Gracy Chen, CEO of Bitget.

Risks

The overall margin pool is bi-directional: a downturn in stocks can accelerate the liquidation of crypto collateral. Interest rates on loans are variable, meaning a positive spread is not guaranteed. rSTRC redemptions are only available during specific windows, and the cancellation of dividends can nullify the yield model. The authors suggest investors assess the creditworthiness of Strategy independently.

The information in the document is accurate as of July 22, 2026. The guide is available on The Block, commissioned by Bitget.

This publication aligns with the Universal Exchange (UEX) strategy, where the exchange integrates digital assets, stocks, commodities, and currency markets into a unified trading environment. Trading of tokenized securities will commence following registration of a Bitget account.

Previously, ForkLog analyzed the UEX concept.