Bybit expanded its real-world asset offering on Thursday, August 27, 2026, by listing nOPAL, a tokenized Brazilian credit strategy for eligible users. The product uses USDC on RWA Earn and requires a minimum investment of 500 USDC.

According to a report, the strategy is managed through a Plume network vault by BlackOpal Finance. Plume is a blockchain network built specifically for bringing real-world assets on-chain, so the listing routes off-chain Brazilian credit through purpose-built vault infrastructure. The offering is backed by credit card receivables in Brazil, with merchants receiving advance funding for future payments at a discount.

What Supports nOPAL’s Yield and Daily Redemptions?

BlackOpal acquires the receivables at prices below their expected settlement value. Visa and Mastercard then process the payments. The spread between the acquisition cost and the eventual settlement price creates the return profile.

Plume said in an X post that nOPAL is now available through Bybit’s RWA Earn program, expanding access to real-world asset yields. The post stated that the vault gives users exposure to Brazilian credit card receivables settled through the strategy. The post was shared by Plume, Bybit, and BSC News, and included the link pic.twitter.com/pwoRCYWIc4.

The manager said the approach had accumulated more than 7,000 receivables since November 2025 and had recorded no defaults or credit losses. BlackOpal had more than $70 million in total value locked in August 2026, and the 30-day rolling yield was around 12% at the time. Past performance is not a guarantee of future results.

Because the receivables are priced in Brazilian reais, the investment carries foreign-exchange risk for investors using the dollar. nOPAL mitigates BRL/USD exchange-rate exposure through non-deliverable forwards, contracts that settle in US dollars against the difference between contracted and spot rates and are widely used to hedge emerging-market currencies such as the real.

The platform holds USDC, nTBILL, and cash to support withdrawals. Bybit processes redemption requests daily, and settlement takes 1 to 5 business days.

Bybit Broadens Its Tokenized Asset Portfolio

Eligible users must commit at least 500 USDC. Bybit said RWA Earn products do not protect principal, and it warned that past annual percentage rates do not guarantee future performance.

The addition expands Bybit’s product set beyond spot and derivatives trading. Users can access a tokenized strategy based on Brazilian receivables rather than cryptocurrencies, and the product remains available only to eligible users. The move also aligns with a wider industry pattern in which tokenized funds have reached blockchain rails, including BlackRock’s BUIDL, a tokenized fund holding cash and short-term US Treasuries that launched on Ethereum in March 2024.

The listing comes as Bybit continues to broaden its digital-asset and stablecoin offerings. In June, Bybit CEO Ben Zhou met with Vietnam’s Deputy Prime Minister, Nguyễn Văn Thắng, in Hanoi to discuss Vietnam’s pilot scheme for digital assets, including compliance standards and market supervision. Vietnam’s framework also addresses capital adequacy, cybersecurity, and compliance experience.

How USDPT and nOPAL Expand Bybit’s Product Range

Around the same period, Bybit introduced USDPT to its platform. USDPT is a US dollar-denominated stablecoin issued by Anchorage Digital Bank on Solana. Some users in Latin America were able to trade it through the exchange’s fiat capabilities.

USDPT has no direct connection to nOPAL, but both developments reflect a broader move toward stablecoins and tokenized financial instruments alongside the company’s trading services.

The reported yield and total value locked reflect a current snapshot and do not remove the risks associated with merchant payments, currency movements, or withdrawal liquidity.

By adding nOPAL to Bybit’s RWA Earn lineup, the exchange is giving eligible users access to tokenized Brazilian credit exposure through crypto rails. Investors are expected to review the underlying receivables, currency hedge, and redemption terms before committing capital. The observable markers going forward are the figures the manager and platforms already disclose, including receivables volume, reported defaults, total value locked, and whether settlements land within the stated 1-to-5-business-day window.

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