Bybit Expands RWA Push with Tokenized Bond Funds from PIMCO, CMBI

Crypto exchange Bybit is expanding its push into real-world assets (RWA) through partnerships with Plume and DigiFT. The platform will offer eligible customers access to tokenized bond funds managed by PIMCO and China Merchants Bank International.

The two funds available on Bybit's RWA Earn platform are the PIMCO Dynamic Income Opportunities Fund, which invests in fixed-income assets like corporate debt, mortgage-backed securities, and government bonds, and the CMBI Investment Grade Bond Fund, which focuses on investment-grade credit in Asian and global markets.

The funds are tokenized through DigiFT, a digital asset exchange regulated in Singapore and Hong Kong. Plume provides the on-chain infrastructure for subscriptions and fund allocation.

Bybit users can subscribe to the products using USDC (USDC) without paying subscription, redemption, or on-chain transaction fees. However, the products are not principal protected, and returns are not guaranteed.