Bitget completes USDT dividend distribution for 63 tokenized stock assets

The payouts covered 63 U.S. stocks and ETFs, including rMU, rQQQ and rTSM, with distributions settled automatically on a pro rata basis for eligible holders.

USDT

Summary

Bitget said it completed USDT dividend distributions for 63 tokenized U.S. stock and ETF assets, including rMU, rQQQ and rTSM. The platform said payouts were settled automatically on a pro rata basis for users holding the relevant assets at the snapshot time, with no further action required. The exchange said final credited amounts and payout timing remain subject to platform records. Earlier details from Bitget said the distributions covered assets with payment dates on or before July 22 (EST), and that a 30% federal withholding tax is deducted by the securities custodian from dividend income under U.S. tax rules before users receive the net amount.

Terms & Concepts
  • tokenized stock assets: Digital instruments that track the value and corporate actions of underlying stocks or ETFs.
  • pro rata basis: A method of allocating payouts proportionally based on each holder’s eligible position size.
  • withholding tax: Tax deducted from income before the remaining amount is paid to the recipient.