According to CoinMeta, Bitget in collaboration with Reality and Keyring has released a research report that explores the synergistic mechanisms of tokenized stocks, perpetual contracts, and decentralized lending. The report assesses the potential returns and risks of related strategies through simulation calculations. It indicates that the application of tokenized stocks is expanding beyond traditional stock trading to include mortgage lending, asset management, and systematic investment strategies, among other areas. Based on Reality's rtoken, the study combines stock perpetual contract hedging with on-chain lending mechanisms to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the annualized net return of this strategy index was approximately 7% within the sample and about 4% outside the sample, with a gross funding rate premium of around 11%–14%. The report also points out that financing costs, transaction execution fees, market liquidity, and risk management are key factors affecting the actual returns of the strategy.