Bitget, Reality, and Keyring Release Research Report on On-Chain Stock Basis Strategy and Plan to Develop Index

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Bitget joins forces with Reality and Keyring to release research report, planning to launch the first on-chain equity basis trading strategy

BlockBeats reports that October 28, Bitget, Reality, and Keyring jointly released a research report exploring the synergies among tokenized stocks, perpetual contracts, and decentralized lending, and evaluating the potential returns and risks of related strategies through simulation calculations. The report notes that tokenized stocks are being applied beyond traditional stock trading to more scenarios, including collateralized lending, asset management, and systematic investment strategies.

The research is based on Reality’s rToken, combined with stock perpetual contract hedging and on-chain lending mechanisms, to explore stock basis return strategies. Historical simulations show that from December 15, 2025 to October 19, 2026, the strategy index achieved approximate in-sample and out-of-sample annualized net returns of 7%and 4%, 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 strategy’s actual returns.

Bitget and Keyring reportedly plan to jointly develop a stock basis index and build an on-chain lending market based on Reality’s rToken. Reality will provide exposure to tokenized stock assets, while Keyring will develop the index methodology and build the related lending market. The index aims to capture funding-rate and basis-return opportunities by combining holdings of rToken with corresponding hedging positions in stock perpetual contracts, providing a new strategic pathway for applying tokenized stocks in on-chain financial scenarios.

Original article link https://m.theblockbeats.info/flash/374166

Key points

Bitget joins forces with Reality and Keyring to release a research report exploring the synergies among tokenized stocks, perpetual contracts, and decentralized lending.
The research is based on Reality’s rToken, combined with stock perpetual contract hedging and on-chain lending mechanisms, to explore stock basis return strategies.
Historical simulations show that from December 15, 2025 to October 19, 2026, the strategy index achieved approximate in-sample and out-of-sample annualized net returns of 7%and 4%, respectively, with a gross funding-rate premium of approximately 11%–14%。
The report notes that financing costs, trade execution fees, market liquidity, and risk management affect the strategy’s actual returns.
Bitget and Keyring plan to jointly develop a stock basis index and build an on-chain lending market based on Reality’s rToken.
Reality will provide exposure to tokenized stock assets, while Keyring will develop the index methodology and build the related lending market.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a strategy study combining tokenized stocks, stock perpetual contracts, and on-chain lending. The research evaluates returns and risks through simulations, but the related index and lending market remain planned products.

Why it matters to readers

If the plans move forward, tokenized stocks may be used for on-chain lending and systematic investment strategies; actual results will still depend on costs, liquidity, execution, and risk management.

You can understand it as holding tokenized stocks while using perpetual contracts to hedge price movements and attempting to earn funding rates and basis differences. Simulated returns do not equal actual returns.

Risks and unknowns

The evidence indicates that the index and on-chain lending market are in the planning stage, with no clear statement that they have launched.
The annualized returns and funding-rate premium come from historical simulations and do not represent future or actual operating results.
The evidence does not provide actual operating data, specific financing costs, trade execution fees, market liquidity, or complete risk management details.

Bitget, Reality, and Keyring Release Research Report on On-Chain Stock Basis Strategy and Plan to Develop Index

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