Bybit nOPAL yield unlocks 12% from Brazilian credit receivables
Bybit has added a new way for crypto investors to tap into emerging market credit, listing a product called nOPAL on its RWA Earn platform. The move gives users exposure to Brazilian credit card receivables, a corner of institutional finance that has rarely, if ever, been available to everyday crypto holders. According to information shared with Finbold on August 27, 2026, the Bybit nOPAL yield offering marks one of the more unusual real-world asset launches this year, blending Brazilian merchant finance with on-chain settlement rails.
Key takeaways
- Bybit listed nOPAL on its RWA Earn platform on August 27, 2026, giving crypto investors access to yield from Brazilian credit card receivables.
- BlackOpal Finance buys discounted future receivables from Brazilian merchants, with settlements cleared through Visa and Mastercard networks.
- Currency risk is hedged via non-deliverable forwards on BRL/USD, while a liquidity buffer of USCC, nTBILL, and cash supports daily redemptions.
- Since November 2025, the underlying strategy processed over 7,000 receivables with zero defaults and a roughly 12% 30-day rolling yield.
- The strategy holds an investment-grade rating from Cicada Partners and has drawn more than $300 million in institutional commitments.
Bybit Lists nOPAL on RWA Earn Platform
nOPAL is now live on Bybit’s RWA Earn platform, positioning the exchange as a distribution point for a credit strategy that previously stayed inside institutional channels. The listing gives retail and institutional crypto users a direct line into Brazilian credit card receivables, a segment of emerging market finance that has historically sat far outside the reach of digital asset capital.
… Continue reading the full article at the original source below.
