Bybit launches tokenized bond funds on new platform

Bybit has introduced tokenized fixed-income products from PIMCO and China Merchants Bank International. The offerings are available through the exchange's newly launched RWA Earn platform.

The move expands access to blockchain-based fixed-income products for users. Bybit developed the RWA Earn platform specifically to support these tokenized bond funds.

The products allow participants to engage with fixed-income assets in a tokenized format. No specific launch date or further details on yields were provided in the announcement.

This development follows growing interest in real-world asset tokenization within the cryptocurrency sector.

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Illustration of Circle launching cirBTC wrapped Bitcoin on Ethereum for institutional DeFi collateral.
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Circle launches cirBTC Wrapped Bitcoin on Ethereum

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Circle has introduced cirBTC, a new 1:1 Bitcoin-backed token on Ethereum. The product targets institutional users seeking collateral for DeFi activities.

Payward, the parent company of crypto exchange Kraken, announced a partnership with asset manager Franklin Templeton to develop a range of blockchain-based investment products for institutional investors.

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Bybit has introduced its IPO Express service to provide tokenized shares in the upcoming SpaceX public offering. The Dubai-based crypto exchange is the second to offer such access after Kraken. Eligible users worldwide can subscribe during a registration period from June 7 to 11.

Kraken has introduced Bitcoin Vault, a new product that lets users earn bitcoin-denominated rewards on their holdings through DeFi strategies.

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SBI Shinsei Bank is set to offer Bitcoin, Ether and XRP rewards to its depositors. The move marks the bank's latest step into cryptocurrency products.

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