Product updates

Ondo stock tokens to be automatically upgraded to rTokens (spot stocks)

2026-07-01 09:100844

To further enhance the liquidity, trading efficiency, and overall experience of stock assets, Bitget plans to carry out a unified asset upgrade for eligible Ondo stock tokens this weekend, automatically converting them into rTokens.

This automatic conversion applies only to users whose eligible Ondo stock tokens held in their Onchain accounts exceed a total value of 200 USDT at the time of the asset snapshot. Eligible assets will be converted by Bitget on users' behalf — no registration, selling, buying, or any other action is required.

The conversion will be calculated based on the underlying stock shares represented by each token. The number of underlying stock shares remains unchanged after conversion. Bitget will cover the transaction fees and spread costs incurred during the conversion. You won't be charged any additional fees.

1. Conversion schedule

The conversion is expected to proceed on the following timeline:

Asset snapshot and conversion window: During the U.S. stock market closure period from July 3 to July 5, 2026.
Estimated rToken unlock time: By July 6, 2026, 10:30 PM (UTC+8) (within one hour of the U.S. stock market open)

During the U.S. stock market closure this weekend, Bitget will take an asset snapshot of eligible Ondo stock tokens held in users' Onchain accounts.

Only users whose eligible Ondo stock tokens exceed a total value of 200 USDT at the time of the snapshot will be included in the automatic conversion process. Asset values will be determined based on the market price assessed by the Bitget platform at the time of the snapshot.

Users whose total eligible Ondo stock token value does not exceed 200 USDT will not be included in this conversion. Their assets will not be automatically deducted or converted as a result of this arrangement.

During the conversion period, Bitget will collect all eligible Ondo stock tokens and credit the corresponding rTokens to users' spot accounts.

rTokens may be temporarily frozen upon issuance. During the freeze period, users will be able to view the assets in their accounts but will not be able to trade, withdraw, or transfer them. Assets will be automatically unfrozen once the underlying asset conversion and settlement processes are complete.

The actual completion time may be adjusted due to market trading, system processing, or settlement of underlying assets. If there are any significant changes to the schedule, Bitget will notify users via announcement.

2. What's better after the conversion

1. The underlying stock shares remain unchanged

The conversion is calculated based on the underlying stock shares represented by each token. Even if the token quantity differs after the conversion, the user's actual underlying stock shares will not decrease as a result.

2. Zero conversion fees, zero spread costs

Any fees and spread costs incurred during the processing of Ondo stock tokens and the purchase of rToken underlying assets will be borne by Bitget and will not affect the final rToken amount users receive.

3. Lower transaction fees

Bitget's current zero-fee promotion for Onchain transactions will soon end, and the applicable transaction fees will be adjusted accordingly. To ensure stock users enjoy a lower-cost and more stable trading experience, completing this asset conversion is recommended.

After the conversion, users trading rTokens will enjoy a limited-time 50% fee discount, with both maker and taker fee rates as low as 0.05%.

4. Deeper trading liquidity

rTokens are connected to market liquidity from Nasdaq and the New York Stock Exchange, helping reduce trading slippage and improve order execution efficiency.

5. More use cases

rTokens can be used across a wider range of scenarios, including stock trading, margin, and yield products, helping users maximize the utility of their stock assets.

3. About rToken spot stock

Reality rTokens are spot stock products backed by real U.S. stock assets. Each rToken corresponds to the underlying U.S. stock asset it represents.

rTokens offer the following features:

Real asset backing: Each rToken corresponds to underlying U.S. stock assets that are actually purchased and held in custody.
Deeper market liquidity: Connected to market liquidity from Nasdaq and the New York Stock Exchange.
Corporate action support: Supports cash dividends, stock dividends, stock splits, and reverse splits.
Higher asset utility: Applicable to trading, margin, and yield product scenarios.
Greater management flexibility: Users can hold, trade, and manage their assets within the Bitget platform.

4. How is the conversion ratio calculated?

Ondo stock tokens and rTokens may have different token units, so this conversion is not a simple 1:1 token-for-token exchange. Instead, it is calculated based on the underlying stock shares represented by each token.

The specific calculation method is as follows:

rTokens received = Number of Ondo stock tokens held × underlying stock shares per Ondo stock token ÷ underlying stock shares per rToken

For example:

A user holds 10 NFLXon. Each NFLXon represents an underlying stock position equivalent to 10 shares of NFLX, and 1 NFLX share corresponds to 1 rNFLX. After the conversion, the user will receive:

10 × 10 ÷ 1 = 100 rNFLX

Although the number of tokens may change after the conversion, the underlying stock shares remain unchanged.

The specific conversion ratio for each Ondo stock token will be based on the "shares per token" displayed on the relevant token's candlestick chart page and the final conversion ratio published by Bitget.

5. Conversion process

1. Asset snapshot

During the U.S. stock market closure this Friday, Bitget will take an asset snapshot of eligible and available Ondo stock tokens held in users' Onchain accounts.

The platform will determine the total value of each user's eligible Ondo stock tokens based on the market price at the time of the snapshot.

Users whose eligible Ondo stock tokens exceed a total value of 200 USDT will be included in the automatic conversion process.

2. Ondo stock token collection

After the snapshot is complete, Bitget will collect all eligible and available Ondo stock tokens from users' accounts based on the snapshot records.

Assets that are in open orders, frozen, pending withdrawal, or otherwise unavailable for any other reason may not be eligible for this conversion.

3. rToken issuance

Bitget will credit the corresponding number of rTokens to users' spot accounts based on the applicable fixed conversion ratio.

rTokens may be temporarily frozen upon issuance. During the freeze period, users will be able to view the assets but will not be able to trade, withdraw, or transfer them.

4. Underlying asset conversion

Bitget will handle the processing of Ondo stock token underlying assets and the allocation of the corresponding rToken underlying assets in a unified manner.

This process will be handled uniformly by Bitget, and no action is required from users.

5. rToken unfreeze

Once the relevant asset processing and settlement are complete, Bitget will unfreeze the rTokens in users' accounts.

After unfreezing, users will be able to hold, trade, or use their rTokens normally.

6. For users who do not wish to participate in this conversion

If you do not wish to have your Ondo stock tokens automatically converted to rTokens, please contact Bitget's online customer service before the asset snapshot begins (before 11:59 PM on July 2) and clearly request to opt out of this conversion.

The customer service team will assist you based on your account and asset situation.

Note:

Opt-out requests must be submitted before the asset snapshot begins.
Once the asset snapshot is complete, the conversion cannot be canceled or reversed.
Eligible users who do not proactively contact customer service to opt out before the snapshot will be included in the automatic conversion by default.
After opting out, please refer to Bitget's platform pages and future announcements for information on the continued trading, liquidity, and product support for your Ondo stock tokens.

7. Are assets safe during the conversion?

The conversion will strictly follow the underlying stock shares corresponding to each user's Ondo stock tokens.

Bitget will bear any transaction fees and spread costs that may arise during the asset processing and underlying asset conversion. The number of rTokens users receive will not be reduced due to the execution price or bid-ask spread when Bitget carries out the conversion; the final amount issued will be calculated based on the fixed conversion ratio published by the platform.

This conversion will not reduce users' corresponding underlying stock shares.

Note that the market price of the underlying stocks represented by the rTokens will continue to fluctuate normally with U.S. stock market conditions. Therefore, while users' underlying stock shares remain unchanged, the market value of their assets may still rise or fall due to stock price movements.

8. Notes

This automatic conversion applies only to users whose eligible Ondo stock tokens held in their Onchain accounts exceed a total value of 200 USDT at the time of the asset snapshot.
The total value of eligible Ondo stock tokens is calculated based on the market price assessed by the Bitget platform at the time of the snapshot.
Users whose total eligible Ondo stock token value does not exceed 200 USDT will not be included in this conversion.
Users holding less than 100 USDT equivalent per single stock are not eligible.
This conversion will be carried out by Bitget on behalf of eligible users; no registration or manual action is required.
The conversion quantity will be based on the actual available Ondo stock tokens in the user's Onchain account at the time of the asset snapshot.
Ondo stock tokens that are in open orders, frozen, pending withdrawal, or otherwise unavailable for any other reason will not be counted toward the conversion asset value and may not be eligible for this conversion.
Once Ondo stock tokens have been collected and entered the conversion process, the conversion cannot be reversed.
rTokens may be temporarily frozen upon issuance; trading, withdrawal, and transfers will not be available during the freeze period.
Different Ondo stock tokens may apply different conversion ratios due to stock splits, reverse splits, dividends, or token unit configurations. The final ratios will be as displayed on the Bitget platform.
Upon completion of the conversion, users' Ondo stock tokens will be deducted, and the corresponding rTokens will be credited.
No additional conversion fees will be charged to users; all fees and spread costs incurred during the conversion process will be borne by Bitget.
Only underlying assets for which Bitget supports both the corresponding Ondo stock token and rToken are eligible for this conversion.
Ondo stock tokens not included in the scope of this conversion will not be automatically deducted or converted as a result of this arrangement.
The conversion and unlock timeline may be subject to minor adjustments due to market conditions, system maintenance, underlying asset settlement, or other unforeseeable factors.
Bitget reserves the right to adjust, suspend, or terminate this conversion arrangement based on market conditions, system processing needs, and actual operational requirements. In the event of any significant changes, Bitget will notify users via announcement.

If you have any questions regarding this conversion arrangement, conversion ratios, asset value calculations, or the status of your account assets, feel free to contact Bitget's online customer service at any time. We are here to provide you with professional assistance and support.

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