Bitget partners with Reality and Keyring to release a research report, planning to launch the first on-chain stock basis trading strategy.

On October 28, Bitget, along with Reality and Keyring, released a research report exploring the synergistic mechanisms between tokenized stocks, perpetual contracts, and decentralized lending, and evaluated the potential returns and risks of related strategies through simulation. The report points out that applications of tokenized stocks are expanding from traditional stock trading to more scenarios such as collateralized lending, asset management, and systematic investment strategies.

The research is based on Reality's rToken, combining stock perpetual contract hedging and on-chain lending mechanisms to explore stock basis yield strategies. Historical simulation data shows that during the period from December 15, 2025, to October 19, 2026, the strategy index achieved annualized net returns of approximately 7% and 4% in-sample and out-of-sample, respectively, with a gross funding rate premium of approximately 11%–14%. The report also notes that financing costs, trade execution fees, market liquidity, and risk management are key factors affecting the actual returns of the strategy.

It is reported that Bitget and Keyring plan to jointly develop a stock basis index and build an on-chain lending market based on Reality's rToken. Specifically, Reality will provide exposure to tokenized stock assets, while Keyring will be responsible for developing the index methodology and constructing the related lending market. This index aims to capture funding rate and basis yield opportunities by combining rToken holdings with corresponding hedging positions in stock perpetual contracts, providing a new strategic pathway for the application of tokenized stocks in on-chain financial scenarios.