Binance Wallet, a self-custody crypto wallet within the Binance app, has integrated Plume's "flagship" yield vault, nBASIS, giving users access to investment funds managed by Bitwise and Invesco.
Through nBASIS, Binance Wallet users can gain onchain exposure to two tokenized funds: the Invesco Short Duration U.S. Government Securities Fund (USTB), which currently has more than $860 million in assets under management, and the Bitwise Crypto Carry Fund (USCC), which currently manages more than $170 million in assets. Both funds are tokenized by Superstate and currently offer a yield of about 3.5% each.
Binance Wallet's previous integrations have primarily focused on DeFi yield opportunities and tokenized spot equities, Ryan Wen, head of operations and strategy at Plume, told The Block, noting that nBASIS is the wallet's first structured income real-world asset (RWA) yield product integration.
Last month, Plume partnered with ether.fi, known for its Ethereum liquid restaking protocol, to launch a new yield-bearing RWA vault. As part of the initiative, ether.fi committed $100 million to the vault. The allocation came from a mix of ether.fi's liquidity provider base as well as managed capital from its existing liquid vaults. Of that $100 million allocation, $25 million was allocated to nBASIS, Wen said.
