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 converts tokenized gold — typically a passive store of value — into a yield-generating asset using XAUT, the largest tokenized gold product, the company announced on Thursday. It allows holders to earn passive income while maintaining exposure to gold prices. However, yield-bearing structures may introduce additional counterparty or derivatives risk compared with holding spot-backed or physical gold.
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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