Reality Protocol’s tokenized NVIDIA stock, rNVDA, has added roughly $17.5 million to $18 million in market capitalization over the past 30 days, taking its on-chain value to about $20.56 million by mid-August 2026. The token trades near $225.05 on Arbitrum One, meaning most of its current valuation was built within a month. Reality Protocol, a subsidiary of crypto exchange Bitget, issues the token with each unit backed 1:1 by an actual NVIDIA share held in custody by Alpaca Securities LLC, a FINRA (U.S. brokerage self-regulator)-registered broker-dealer. The Network Firm provides ongoing attestations intended to verify that the share backing exists, giving the product an on-chain proof-of-reserves-style structure for equities. Holders receive NVIDIA dividend equivalents in stablecoins on-chain, while stock splits and other corporate actions are handled automatically. The product can also be minted and redeemed 24 hours a day, five days a week. Reality Protocol launched its broader tokenized equities platform between May and June 2026, and it has since grown to 69 assets with a combined market cap of between $137.6 million and $138 million on Arbitrum One as of early August 2026. rNVDA is among the platform’s three largest listings alongside rMU and rSNDK. The appeal of tokenized equities is that they can be used in DeFi (crypto-based financial applications), traded on decentralized exchanges, and held in self-custodial wallets, while also offering near-instant settlement compared with the U.S. stock market’s T+1 cycle. The structure suggests an effort to align with regulatory scrutiny, although the overlap between securities law and DeFi composability remains largely untested.