Bybit Adds Japanese Equity Strategy Token JPE to RWA Earn

Bybit added the SBI Japan High Dividend Equity Strategy Token (JPE) to RWA Earn on Nov. 9, giving eligible users exposure to Japanese dividend stocks through a tokenized fund strategy.

The addition takes RWA Earn beyond the fixed-income and credit products available since its June launch. Subscriptions start at 5,000 USD Coin (USDC). Bybit lists 0% subscription and redemption fees, while the underlying management fee is reflected in the product’s net asset value.

Redemptions generally settle on a T+5 schedule. The redemption value may change while a request is being processed.

JPE invests in JX, a token issued by DigiFT on Ethereum. Each JX conveys a beneficial interest in one share of the SBI Japan High Dividend Equity Fund (Growth Type), which SBI Asset Management Co., Ltd. manages. JPE therefore provides exposure to the fund’s strategy rather than direct ownership of Japanese stocks.

The fund reinvests distributions instead of paying cash dividends. Its performance is reflected in changes to net asset value, which can rise or fall with the underlying Japanese equities.

JX previously became available through a separate subscription and redemption channel on HashKey Earn in Hong Kong. Bybit’s addition is a distinct product that invests in JX.

JPE does not protect invested principal, and returns are not guaranteed. Its yen-dollar currency exposure is unhedged, so a weaker yen may reduce returns measured in dollars. Availability also depends on location and eligibility; Bybit’s RWA Earn terms exclude the United States.