Bybit Broadens Real-World Asset Strategy Through PIMCO and CMBI Tokenized Bond Products
Qualified customers gain access to tokenized institutional-grade bond funds through the new platform, reflecting growing market appetite for real-world assets on blockchain infrastructure.
Digital asset exchange Bybit is set to provide qualified clients with access to tokenized bond products overseen by PIMCO and China Merchants Bank International, marking a significant expansion of its real-world asset initiatives via collaborations with Plume and DigiFT.
The newly unveiled RWA Earn platform from Bybit debuts featuring two tokenized bond products: the PIMCO Dynamic Income Opportunities Fund (PDO), which allocates capital across various fixed-income instruments including corporate bonds, mortgage-backed securities and sovereign debt, alongside the CMBI Investment Grade Bond Fund, which concentrates on investment-grade credit opportunities throughout Asian and international markets.
Based on Monday's announcement, the bond products undergo tokenization via DigiFT, a regulated digital asset platform operating under Singapore and Hong Kong oversight, with Plume delivering the onchain technology infrastructure that facilitates subscriptions and capital distribution.
Data from RWA.xyz indicates Plume currently hosts more than 250,000 holders of real-world assets and provides support for over 210 tokenized instruments. Throughout the past 30 days, the network has facilitated more than $512 million in transfer volume for RWA products.
Tokenized asset sector grows beyond Treasuries
This platform debut arrives amid continued momentum for tokenized real-world assets throughout both conventional and cryptocurrency financial markets. Data from RWA.xyz shows the tokenized asset industry reached a valuation of $31.8 billion as of June 12, with tokenized US Treasury instruments leading the sector at approximately $14.9 billion in total assets.
Tokenized commodities represented roughly $4.7 billion of the total market, with asset-backed credit products accounting for $2.2 billion and tokenized equity securities comprising approximately $1.5 billion.
Cryptocurrency platforms have progressively broadened the application of tokenized real-world assets beyond traditional buy-and-hold strategies. In April, OKX incorporated BlackRock's BUIDL tokenized Treasury product into its collateral infrastructure, enabling qualified institutional customers to utilize the income-generating asset as margin for trading activities.
Last week, Archax introduced a mechanism on Hedera that facilitates real-time interest distributions for tokenized securities, enabling cash flows to track assets as ownership transfers occur onchain.
This development has also captured the attention of prominent Wall Street institutions. In May, JPMorgan submitted filings to introduce a tokenized money market fund on Ethereum (ETH).