Bybit is pushing deeper into real-world assets (RWA) this week, adding tokenized bond funds from asset managers PIMCO and CMBI. Eligible users on the exchange can now access institutional-grade bond funds through a blockchain-based offering. The move taps into a growing appetite for on-chain representations of traditional financial instruments.
What's being offered
The new products are tokenized versions of bond funds managed by PIMCO and CMBI. Bybit didn't disclose the specific fund names or the total value locked in the offering, but said the tokens represent direct claims on the underlying institutional funds. Users can buy, hold, and trade these tokens on the Bybit platform, effectively gaining exposure to fixed-income assets without leaving the crypto ecosystem.
Demand for blockchain-based real-world assets has been climbing steadily through 2026. Tokenized bonds, treasuries, and credit products let crypto investors diversify into traditional markets while keeping assets on-chain. Bybit's move follows a broader trend among exchanges and DeFi protocols racing to bridge the gap between TradFi and crypto. PIMCO and CMBI are both heavyweights in traditional asset management — their participation signals that institutional players see a viable distribution channel in crypto exchanges.
Who can access
Bybit said the tokenized bond funds are available to eligible users only. That typically means accredited or qualified investors, depending on jurisdiction. The exchange didn't specify which regions are included, but the offering is likely restricted to non-U.S. users or those meeting local regulatory thresholds. Bybit has been expanding its RWA lineup over the past year, and this is its first foray into tokenized bonds from major asset managers.
The offering is live now. Bybit hasn't announced a timeline for adding more RWA products, but the pace of its expansion suggests more tokenized funds could follow in the coming months.
