As one of the earliest exchanges to enter the US stock market and promote the UEX concept, Bitget unsurprisingly moved from trading to more upstream issuance, launching its own RWA issuance platform Reality, aiming to directly eat the cake of Ondo and xStock, rather than just being their downstream distributors. The model of Reality is similar to that of mature tokenization platforms, where brokers mortgage and custody the underlying stock assets, and then issuers map the corresponding tokens 1:1. Bitget chooses to cooperate with FINRA registered brokers and South African FSCA licensed issuers, and is jointly audited by a third-party CPA. From an architectural perspective, there is compliance to follow, and because it cooperates with licensed brokers, the underlying real stock assets are directly connected to Nasdaq and the New York Stock Exchange in terms of liquidity depth. The most important thing is that according to official announcements, the tokens it issues will pay dividends in the form of stablecoins! This is currently the biggest pain point of stock tokenization, as it is no longer just a game of rising and falling numbers, but can further promote equal rights between coins and stocks.