Bybit RWA Earn introduces nOPAL bringing @blackopal_fi's Brazilian credit card receivables on-chain via @plumenetwork - Up to 12% historical yield - BRL exposure hedged to USD - 0% historical default rate Explore nOPAL on Bybit RWA Earn.

nOPAL is now available via ByBit RWA Earn. 80 million @Bybit_Official users can now access yields from the $3T Brazilian credit card market through receivables settled on Visa and Mastercard, provided by @blackopal_fi. Plume, a DTCC working group member, has processed over $1 billion in deposits and redemptions while remaining fully compliant. Plume Vaults is the leading RWA vault ecosystem with assets from some of the largest asset issuers in the world, including Apollo, WisdomTree, and more, and has received a Bermuda Class M License as well as a US SEC Transfer Agent.

nOPAL is now live on @BNBChain, the #1# largest chain by RWA holders, via Plume Vaults. With over $70M in TVL, @blackopal_fi is expanding access to FX-hedged consumer credit receivables. Experience it now on BNB Chain.

Yield in DeFi has come a long way. We used to pay a 5% deposit fee to farm 50,000% APR for a few hours (paid largely in hyperinflationary fruit). Now we're financing state tax credit receivables for the entertainment industry. Anywho, a quick look at the RWA financing meta: @kamino's kicUSDC finances institutional copper trading @HastraFi finances (and warehouses) Auto loans and Helocs. @onre and @re finance the underwriting of reinsurance @blackopal_fi finances Brazilian credit recievables @forestroadvault finances entertainment tax credit recievables @dawninternet finances developing ISP infrastructure @AxisFDN finances CEX/CEX arbitrage I can't tell if we've matured, or if we've just uncovered the degen side of tradfi in our insatiable thirst for APRs.

I remember one of my convos during token2049 with a normie and had to explain to him that we are basically building an onchain brokerage account, like a fidelity/charles schwab the difference is we democratize access to products that tbh would be very tough to get irl. some of these opportunities we host on our plume vaults are gated behind private wealth managers that require folks to have a 7 to 8 fig net worth to even be considered was thinking about it more on the flight back to the US and it is definitely relieving to see that we have a whole host of products (from super institutional to high yielding) in our vaults and the menu keeps growing: - HELOCs with our friends at @Figure - cc receivables @blackopal_fi - invoice factoring with our FACTOR vault and DOP in NYC - IG bond funds with @Fidelity - treasuries with @WisdomTreeOnchn @InvescoUS @JHIAdvisors - private credit with @apolloglobal - structured credit with @FalconXGlobal - crypto carry fund with @Bitwise / @SuperstateInc - reinsurance with @onrefinance - high income fund with @Securitize / neuberger - fixed income with @DigiFTTech this is only a preview with much more on the way

Plume Brings Brazilian Credit Card Yields To Bybit Users Plume (@plumenetwork) Vault’s nOPAL is now available through Bybit (@Bybit_Official) RWA Earn, expanding access to real world asset yields. The vault gives users exposure to Brazilian credit card receivables settled through Visa and Mastercard. The underlying market represents roughly $3 trillion, according to Plume. BlackOpal manages the receivables, while Plume provides the infrastructure powering the RWA vault. Plume says its vault ecosystem has processed more than $1 billion in deposits and redemptions.