Plume and Bybit Expand Access to Institutional Fixed Income Vaults For Millions of Crypto Users

Real-world asset yields just got a lot more accessible with Plume's institutional vaults on Bybit, one of the world's largest crypto exchanges. For the first time, millions of users on the Bybit platform now have access to institutional grade, fixed income products from PIMCO and CMBI through Plume’s vault infrastructure and DigiFT's issuance layer.

Today, roughly $25-$80 billion in stablecoins is estimated to be sitting idle on centralized exchanges. They are one of the most common assets held on centralized exchanges, and historically one of the least productive.

Recently, the idea of using your stables in a DeFi protocol may be too risky.  However, there are alternative sources of stable yield which can be plugged into. Plume, through its simple, compliant, non-custodial onchain vaults, is making it possible for Bybit users to put their stablecoins to work and tap into institutional-grade fixed income products directly from their existing accounts. 

Making Yield Opportunities Accessible

At Plume, we are pioneering a new era of open finance. Our aim is simple: take high quality offchain assets and make them accessible and productive onchain through vaults that don't require customers to have special banking relationships or prove net worth in the minimums in the millions of dollars. Plume vaults already consist of institutional vaults from Apollo, WisdomTree, FalconX, and others., democratizing access to these otherwise difficult assets to traditionally invest into.

Together with Bybit, we are opening up real-world asset backed yield to millions of Bybit Earn users who are already comfortable with crypto-native finance. Through these bespoke Bybit institutional vaults, users now have access to assets they normally would on their traditional US brokerage accounts.

“Bybit chose Plume because we built the standard for open finance. Our infrastructure works at an institutional scale with  compliant and onchain vaults that plug directly into one of the world’s largest exchanges. For too long, crypto users have had to choose between leaving stablecoins idle or chasing DeFi yields that carry real protocol risk. Now Bybit’s users will gain access to assets backed by PIMCO and CMBI via products that institutional investors have trusted for decades,” said Chris Yin, CEO of Plume

Vaults on Bybit

The BybitRWA Earn works through an RWAToken. This is a yield-bearing product backed by two institutional-grade fixed income portfolios:

• PIMCO Dynamic Income Opportunities Fund (PDO): a U.S.-focused fund backed by PIMCO, a $2.27T asset manager, investing in mortgage-backed securities, high-yield corporate bonds, and diversified credit across tech, healthcare, media, consumer, and defense sectors.
• CMB International Investment Grade Bond Fund: an Asia-Pacific portfolio covering investment-grade bonds from China, Japan, Hong Kong, and broader regional markets.

The vaults underlying Bybit RWA Earn are unique in their focus on providing yield vetted and backed by global leading asset managers rather than speculative sources. These aren't DeFi protocols offering massive but uncertain returns, dependent on you exiting at the right time. These are the same strategies that multi-billion family offices and institutional investors have used consistently for decades, now tokenized and accessible onchain.

The income generated by these products flows from dividends, coupon payments, and interest distributions on the underlying securities. These are sources with no direct relationship to cryptocurrency price movements. This makes the products structurally distinct from yield instruments that rely on token incentives, liquidity mining, or leveraged protocol mechanics. In periods of crypto market volatility, the income from these vaults is expected to continue accruing from its underlying real-world sources irrespective of crypto price action. This is a big step in bringing finance onchain, as opposed to recreating it onchain.

For Bybit users, it is straightforward: take the stablecoins already sitting in your account and put them into  world-class assets, available now, on the platform you already use.

Find out more about the Bybit RWA Earn, how to use them and any follow-up questions here.