Bybit, Plume launch RWA Earn for PIMCO and CMB bond access

Bybit and Plume have launched RWA Earn on Bybit Earn, enabling eligible users to convert stablecoin balances into tokenized shares of fixed‑income strategies managed by PIMCO and CMB International.

At launch the offering includes products linked to PDO by PIMCO and CMIGB by CMB International. Those strategies provide exposure to mortgage‑backed securities, high‑yield corporate bonds and Asia‑Pacific investment‑grade bonds. Returns derive from bond interest and fund performance rather than crypto token emissions.

Plume built the vault infrastructure and operates an open finance network that connects institutional asset products to crypto users. DigiFT provides the tokenization framework that issues digital shares representing positions in the funds. Bybit integrates the tokenized vaults into its existing Earn platform so qualifying customers can opt in using stablecoins held on the exchange.

The products are available only to eligible users and will be offered where regulatory approvals, eligibility checks and counterparty arrangements permit. Investment outcomes depend on market movements, credit events and fund performance. Liquidity and redemption timing follow the terms of the underlying funds and may differ from typical crypto yield products.

The launch lets Bybit account holders gain economic exposure to institutional bond portfolios without opening separate brokerage accounts or moving assets off the exchange. Tokenization is designed to simplify access, transfer and custody of fixed‑income products within digital‑asset platforms.

Tokenized credit offerings have expanded in 2026 as exchanges and decentralized finance platforms add real‑world assets to offer additional yield options. Users should review product terms, counterparty arrangements and the full set of risks before allocating stablecoins to RWA Earn vaults.