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

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 23 Views

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

The new offering gives eligible users access to tokenized institutional bond funds as demand for blockchain-based real-world assets continues to grow.

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

Bybit's new RWA Earn platform launched with two tokenized bond funds: the PIMCO Dynamic Income Opportunities Fund (PDO), which invests across fixed-income assets including 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.

According to Monday's announcement, the funds are tokenized through DigiFT, a digital asset exchange regulated in Singapore and Hong Kong, while Plume provides the onchain infrastructure used for subscriptions and fund allocation.

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