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Plume brings Brazilian credit card revenue to Bybit users

2026-08-28 00:18:00
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nOPAL launches on Bybit's RWA Earn platform

Plume Network has connected its nOPAL vault to Bybit's RWA Earn platform, providing qualified users with a new path to tokenize Brazilian credit card receivables. The product is managed by BlackOpal Finance, is settled through Visa and Mastercard payment channels, and is priced in USDC.

According to relevant companies, as of August 2026, nOPAL's 30-day rolling yield is approximately 12%, and the total value of locked positions exceeds US$70 million. Bybit said the product is open for redemption daily and is usually settled within one to five working days, with a minimum investment amount of 500 USDC.

Plume said that the size of Brazil's underlying consumer credit market is about US$3 trillion. The operating mechanism of the vault reflects how this type of asset actually works: BlackOpal purchases future receivables from merchants at a discount, a real sale registered in the Central Bank of Brazil's C3 registration system, and the funds are automatically returned through Visa and Mastercard settlement channels.

Since the underlying receivables are denominated in Brazilian real, nOPAL uses non-deliverable forward contracts to manage the Brazilian real's exposure to the United States dollar. This product supports deposits that do not require KYC requirements and does not charge redemption fees, and is mainly aimed at DeFi native users.

Plume continues to expand its distribution landscape

Bybit's launch is one of Plume Network's extensive initiatives to promote its Nest vault ecosystem to cover more mainstream platforms and chains. Plume said the vault ecosystem has so far processed more than $1 billion in deposits and redemptions. Plume tokenizes real-world assets, including private credit and trade receivables, making institutional-level gains available on the chain through its Nest vault.

Early distribution milestones highlight the speed of its expansion. In June 2026, Plume and EtherFi announced that they would deposit US$100 million into the Plume RWA vault. In addition, the network also introduces nOPAL to Pendle's Ethereum main network and the Avalanche chain, further expanding the user base that can access the product.

Bybit pointed out that RWA Earn products are not guaranteed, and historical annualized rate of return data does not constitute a guarantee.

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