Bybit has added JPE, a tokenized product tied to a Japanese high-dividend equity strategy run by SBI Asset Management, to its RWA Earn platform. The product went live on November 9, with tokenization by @DigiFTTech and infrastructure from @plumenetwork on @Bybit_Official.

According to Bybit's release on PR Newswire, JPE is the first equity product on RWA Earn, extending the platform beyond fixed-income strategies into Japanese equities.

How JPE Works

Users subscribe in $USDC. Money Compass, republishing the release, reports that subscriptions and redemptions through Bybit are denominated in USDC, with a minimum subscription of 5,000 USDC.

The structure has two layers. JPE holds JX, a token issued by DigiFT that represents a beneficial interest in the open-ended SBI Japan High Dividend Equity Fund (Growth Type), according to EconoTimes. Plume provides the JPE wrapper that is distributed through Bybit. SBI Asset Management continues to manage the underlying strategy.

JX first went onchain in July. EconoTimes reports that SBI Global Asset Management said DigiFT brought the fund onto a public blockchain on July 14, and that DigiFT described JX as available only to eligible accredited or institutional investors under Singapore law. Bybit sets separate conditions for JPE, which is open to eligible Bybit users.

The same report says investors receive no direct dividend payout. Bybit states that JPE is not principal-protected and lists Japanese equity, liquidity, counterparty, regulatory and currency risks. Users must complete identity or business verification, and JPE is unavailable in certain regions, including the CIS countries, Vietnam and Georgia.

Building on RWA Earn's June Launch

Bybit opened RWA Earn in June. Bybit's launch announcement said eligible users could subscribe to two tokenized institutional bond funds managed by PIMCO and China Merchants Bank International, with Plume and DigiFT as partners.

Per Cointelegraph, Bybit said users could subscribe with USDC and would not pay subscription, redemption or onchain transaction fees, though the products are not principal protected and returns are not guaranteed.

The JPE launch widens that lineup from bonds to listed equities, a move that reflects the broader push to bring traditional assets onto blockchain rails. Uptake and assets attracted by JPE have not been disclosed.

Sources:

PR Newswire: Bybit RWA Earn Expands On-Chain Access to JPE
EconoTimes: Bybit Adds SBI-Managed Japanese Equity Strategy to RWA Earn
Cointelegraph: Bybit Launches Tokenized Bond Products From PIMCO and CMBI