Plume launches institutional-grade RWA yield product on Bybit

Plume (PLUME), a blockchain project focused on regulatory-compliant real-world assets (RWA), has partnered with global cryptocurrency exchange Bybit to offer an institutional-grade bond yield product, the project announced on June 15. The collaboration gives Bybit's approximately 80 million users access to products based on bond portfolios managed by PIMCO and CMB International (CMBI) through Plume's compliant vault infrastructure. Plume noted that an estimated $25 billion to $80 billion in stablecoins are currently idle on centralized exchanges. The project explained that this initiative allows users who may be hesitant to engage with DeFi to utilize their idle stablecoins within their Bybit accounts for institutional-grade products via Plume's on-chain vaults.