Bybit Expands Institutional-Grade Assets Offering with nOPAL
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has expanded its institutional-grade assets offering through the addition of nOPAL to Bybit RWA Earn. This move makes it easier for users to access a real-world credit yield with BRL exposure hedged and liquidity actively managed.
nOPAL is an on-chain credit product built on Brazilian credit card receivables, managed by BlackOpal Finance and structured as a vault on open finance platform Plume. The yield is generated when Brazilian merchants sell their future credit card receivables to BlackOpal at a discount in exchange for upfront cash.
The nOPAL strategy has purchased over 7,000 receivables with zero defaults and zero credit losses since November 2025, with a 30-day rolling yield of approximately 12% as of August 2026. The total value locked is over $70 million.