Bybit Unveils RWA Earn in Partnership With Plume and DigiFT

Bybit Unveils RWA Earn in Partnership With Plume and DigiFT
Table of Contents

TL;DR:

  • Bybit launched RWA Earn, a platform that allows eligible users to access institutional tokenized bond funds on-chain.
  • The initiative incorporates products from PIMCO and China Merchants Bank International, distributed through Plume and DigiFT with regulated custody.
  • Funds are subscribed in USDC. There are no entry or exit fees. Bybit absorbs all associated gas costs.

Bybit launched RWA Earn, a platform that integrates institutional tokenized fixed-income funds directly into its ecosystem. The announcement was made from Dubai and marks the first foray by the exchange into the distribution of institutional bond products for its base of more than 80 million users.

The initiative was developed in collaboration with Plume, the open on-chain finance platform, and DigiFT, a digital asset exchange with dual licensing in Singapore and Hong Kong. Both companies act as regulated tokenization and distribution infrastructure, while Bybit operates as an access gateway for users.

Bybit: Institutional Products From the Crypto Ecosystem

RWA Earn debuts with two products. The first is the PIMCO Dynamic Income Opportunities Fund, managed by PIMCO, which administers $2.26 trillion in assets and has more than 50 years of experience in global fixed income. The fund dynamically allocates capital across corporate debt, mortgage-backed securities, government bonds and emerging market debt. The second product is the CMBI Investment Grade Bond Fund, managed by CMB International Asset Management, a subsidiary of China Merchants Bank Group, focused on investment-grade bonds in Asian and international markets, with an average credit rating of BBB+ and a portfolio duration of 3.24 years.

bybit exchange post

Both funds are tokenized through DigiFT under the regulation of the Monetary Authority of Singapore, are subscribed in USDC and operate through Plume Nest vaults. The underlying assets are held under the institutional custody of State Street Bank and CMB Wing Lung Trustee, respectively.

Tokenization and Regulation No Longer at Odds

Jerry Li, Head of Financial Products & Wealth Management at Bybit, noted that RWA Earn puts an end to the limitations that prevented native crypto ecosystem investors from accessing professionally managed fixed-income strategies. Henry Zhang, founder and CEO of DigiFT Group, stated that tokenization with proper regulatory compliance and mass distribution are no longer opposing goals.

RWA post

The stablecoin market capitalization exceeds $300 billion and tokenized real-world assets continue to strengthen their position as a structural trend in both traditional and decentralized finance.

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