Bybit launches yield-bearing tokenized gold, expanding RWA yield market

The crypto exchange is offering a yield product tied to Tether Gold (XAUT), signaling a shift toward turning traditionally passive assets like gold into income-generating instruments.

Cryptocurrency exchange Bybit has launched a yield-bearing tokenized gold product that lets users earn interest on Tether Gold (XAUT), the latest entrant into a broader push to turn traditionally non-yielding assets into income-generating instruments.

The product is designed to convert tokenized gold — typically a passive store of value — into a yield-bearing asset using XAUT, the largest tokenized gold product, the company announced Thursday. It allows holders to earn passive income while maintaining exposure to gold prices.

Bybit said the offering is part of its broader expansion into tokenized real-world assets (RWAs), as it moves beyond traditional crypto trading products.

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