KyberSwap Supports Trading of rTokens Linked to US Stocks

KyberSwap has enabled support for rTokens linked to stocks and ETFs issued by Reality, allowing some users to exchange US stock-linked tokens for Ethereum and USDT. Eligible users can exchange rNVDA and rTSLA, which are linked to Nvidia and Tesla, as their main assets. This integration represents a case of connecting traditional financial asset economic exposure to the virtual asset trading infrastructure by displaying it as ERC-20 tokens, incorporating stock-linked products into wallet-based on-chain exchange flows. Reality issues the rTokens, while the actual stocks are held by Alpaca Securities. The rTokens are set to launch on June 2, 2026, utilizing a structure that incorporates the underlying assets into reserves and burns tokens upon redemption. The rTokens serve as on-chain certificates representing the economic benefits of underlying stocks or ETFs, without granting shareholder voting rights or direct stock registration rights. Eligibility is limited, and Reality's rTokens are unregistered under US securities laws, targeting qualified non-US users in permitted jurisdictions. Changes in trading volume or user numbers on KyberSwap have not been confirmed.

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