Cryptocurrency exchange Bybit has introduced a yield-bearing tokenized gold product, allowing users to earn interest on Tether Gold (XAUT). This move marks a significant step in transforming traditionally passive assets like gold into income-generating instruments. Bybit's new offering is part of its broader strategy to expand into tokenized real-world assets (RWAs), beyond traditional crypto trading. The product leverages XAUT, the largest tokenized gold product, enabling holders to earn passive income while maintaining exposure to gold prices. This initiative aligns with the industry's growing trend of financializing real-world assets on blockchain platforms. The market capitalization of Tether Gold recently approached $3 billion, underscoring the increasing interest in tokenized commodities.