Partnership Brings Tokenized Real-World Assets to Decentralized Trading
Decentralized perpetual futures exchange Grvt has partnered with Plume to launch three tokenized real-world asset yield products directly integrated into Grvt's self-custodial platform. The Base Yield Fund, Balanced Fund, and Opportunistic Fund will allow users to access fixed-income and structured credit strategies from the same wallet balance used for perpetual futures trading, without requiring separate custody arrangements or transfers across multiple accounts. The integration extends Grvt's earlier effort to make idle trading capital productive—in February, the platform integrated Aave to enable traders to earn yield on margin collateral while maintaining open perpetual positions. The partnership applies the same logic to institutional-grade tokenized yield products. This move reflects broader growth in the RWA sector, which has expanded to more than $34 billion in onchain value, up from approximately $5.8 billion at the start of 2025, according to RWA.xyz data.
Product Structure and Asset Exposure
The three funds are designed around distinct risk and return profiles. The Base Yield Fund targets lower-risk yield exposure, the Balanced Fund provides broader fixed-income exposure, and the Opportunistic Fund focuses on structured credit and bond strategies with a higher risk-return profile.
The products include exposure tied to tokenized institutional-grade assets, including the $2.2 billion iShares AAA CLO Active ETF. Plume's role is to provide the tokenized RWA infrastructure through its Nest architecture, which allows fixed-income strategies to sit alongside DeFi-native yield sources within a shared yield layer. This composability enables tokenized funds, credit exposure, and collateral to integrate into trading and wealth platforms without requiring users to leave crypto-native infrastructure.
Self-Custody Integration and User Access
The primary operational change is simplified access. Traditional fixed-income and structured credit products typically require brokerage onboarding, regional eligibility checks, separate custody arrangements, and minimum allocation thresholds—barriers especially relevant for non-U.S. users and crypto-native investors.
Grvt's integration is designed to reduce this fragmentation. Users can opt into tokenized RWA investment products from the same wallet balance used for trading. Withdrawals are designed to remain instant under normal conditions, and users can view yield exposure directly within the product interface. This supports Grvt's broader "one balance" approach, where trading capital and invested capital sit under a single composable balance. Over time, tokenized RWA assets could also function as productive collateral within this structure.
However, the model retains familiar risks. Tokenized RWA products depend on underlying asset quality, fund structure, liquidity terms, smart contract controls, and the legal framework around claims on real-world instruments. Self-custody improves user control but does not eliminate product, credit, or liquidity risk.
更廣泛的 RWA 市場動能
這項合作反映了在加密與傳統金融之間，代幣化真實世界資產的採用正在加速。近期的市場活動包括 EtherFi 在 3 月將 2500 萬美元配置到 Plume 的 Nest protocol 協議，以讓使用者接觸與機構資產與政府證券掛鉤的代幣化收益策略。其他平台也已朝代幣化股票、債券曝險、與 ETF 連結的產品，以及以私人信貸作為支撐的穩定幣結構邁進。
波士頓顧問公司（Boston Consulting Group）認為，代幣化基金、擔保品與固定收益產品，屬於未來十年最可能看到更廣泛機構採用的、基於區塊鏈的金融產品之一；數位資產也將從純投機交易，轉向支付、結算以及資本市場基礎設施。
