Plume has announced a strategic partnership with Bybit to launch institutional fixed income vaults for exchange users. According to reports from Wu Blockchain, the product allows Bybit users to utilize idle stablecoins in their existing accounts to access fixed income products through Bybit Earn's RWA section. The vaults are backed by products tied to PIMCO and CMBI, featuring an asset mix including mortgage-backed securities, high-yield corporate bonds, and Asia-Pacific investment-grade bonds. This move integrates real-world asset (RWA) products into Bybit Earn, offering exposure to traditional credit markets decoupled from crypto price swings.
The partnership announcement drove significant market interest in Plume, with PLUME trading near $0.01152, gaining 10.7% over 24 hours as reported by CoinGecko. The token maintained a market capitalization near $66.38 million with a 24-hour trading volume of about $10.92 million. However, the price remains substantially below Plume's all-time high of $0.2475, indicating continued recovery from weaker levels. Following the announcement, PLUME rose 10.7% but still lacks strong bullish momentum, indicating cautious market recovery rather than sustained upward movement.
The launch represents Bybit's expansion into tokenized real-world asset products, placing fixed income options alongside other earn options for users who already hold stablecoins on the platform. As reported by crypto.news, this follows similar developments including a $100 million RWA vault launched by Plume and Ether.fi, which included institutional assets such as credit pools, collateralized loan obligations, and bond ETFs. The income sources are described as "decoupled from crypto price movements," providing users exposure to traditional credit markets rather than token price volatility. The partnership expands Plume's reach in tokenized income products via exchanges, signaling growing interest in RWA within crypto platforms.
Technical indicators show a cautious recovery pattern for Plume. According to CoinGecko data, the RSI stood at 48.15 with a moving average around 41.82, placing momentum near the neutral zone but below the usual bullish level of 50. The MACD remained slightly bearish with the line near -0.00057 below the signal line at about -0.00050. While the recovery shows improved buying pressure, the indicators have not yet moved clearly into bullish territory, suggesting Plume remains in recovery mode rather than a clear uptrend. The partnership's focus on institutional-grade fixed income products may provide stability and long-term growth potential for the tokenized asset platform.
