Bybit just made a move that would have sounded like science fiction three years ago: offering institutional investors access to fixed income products from PIMCO, one of the world’s most established bond managers, through a regulated crypto exchange vault.
The new institutional vault, live on Bybit’s RWA Earn section, represents the exchange’s push to bridge the gap between traditional fixed income strategies and the crypto infrastructure that institutional players are increasingly comfortable using. Products available include PIMCO’s PDO and CMB International Asset Management’s CMIGB Fund, both packaged as tokenized real-world asset offerings.
What the vault actually does
The structure sits under Bybit’s broader RWA Earn suite. The vault integrates with Bybit’s custody and credit services, creating a single access point for institutions that want yield without leaving the crypto ecosystem.
The Mantle Vault, which went live in December 2025, crossed $150 million in assets under management by early 2026. Bybit has also been collaborating with entities like Plume to expand access to institutional fixed income vaults.
