Bybit expands RWA push with tokenized bond funds from PIMCO, CMBI

Crypto exchange Bybit has launched its RWA Earn platform, providing eligible users access to tokenized institutional bond funds managed by PIMCO and China Merchants Bank International (CMBI). The offering features the PIMCO Dynamic Income Opportunities Fund, which targets diverse fixed-income assets, and the CMBI Investment Grade Bond Fund, focusing on Asian and global credit. This initiative utilizes DigiFT for tokenization services and Plume for onchain infrastructure, including subscription and allocation management. The move highlights the growing integration of traditional financial products into the blockchain ecosystem, where Plume currently supports over 210 tokenized assets and has processed more than $512 million in volume over the last 30 days. As of June 12, the broader tokenized asset market reached a valuation of $31.8 billion, with US Treasuries leading the sector at $14.9 billion. Bybit’s expansion reflects a broader industry trend where major exchanges and financial institutions are increasingly adopting tokenization to offer yield-bearing assets to their clients. This development underscores the shift toward institutional-grade RWA products, bridging the gap between traditional fixed-income markets and decentralized finance infrastructure.