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.
Dynamique plus large du marché des RWA
Le partenariat reflète une adoption accélérée des actifs réels tokenisés au sein de la crypto et de la finance traditionnelle. Les activités récentes du marché comprennent l’allocation de 25 millions de dollars d’EtherFi au protocole Nest de Plume en mars, afin d’offrir aux utilisateurs une exposition à des stratégies de rendement tokenisées liées à des actifs institutionnels et à des titres de créance publics. D’autres plateformes se sont également orientées vers des actions tokenisées, une exposition aux obligations, des produits liés aux ETF et des structures de stablecoin adossées à du crédit privé.
Boston Consulting Group a identifié les fonds tokenisés, les garanties et les produits à revenu fixe comme faisant partie des produits financiers basés sur la blockchain les plus susceptibles de connaître une adoption institutionnelle plus large au cours de la prochaine décennie, les actifs numériques se déplaçant de la simple négociation spéculative vers le paiement, le règlement et les infrastructures des marchés des capitaux.
