PENDLE launches NGI+ market for fixed yield positions

Pendle: Pendle is a permissionless decentralized yield-trading protocol that tokenizes future yields from yield-bearing assets and splits them into Principal Tokens for fixed yields and Yield Tokens for variable exposure. It operates as Pendle V2 across multiple blockchains and supports markets for assets including those from traditional finance via tokenization. In this news, Pendle has launched the NGI+ market to convert variable yield positions into fixed, bond-like instruments with defined terms and known returns at entry. Partner Group: Partner Group is an asset manager participating in the tokenization of real-world assets to bring cash-flow-generating holdings onchain. The development highlights its role in integrating assets with Pendle's platform to create utility through fixed-yield markets, supporting broader allocator access and structured products. Yield Structure: Pendle wraps yield-bearing tokens into Standardized Yield tokens then splits them into Principal Tokens that function like zero-coupon bonds and Yield Tokens that capture streaming yield and rewards until maturity. Market Expansion: Pendle V2 supports yield markets across multiple blockchains with features including liquidity pools, cross-chain Principal Token bridging, and sPENDLE staking for protocol fee distribution. Tokenization Role: Tokenization has brought real-world assets onchain, and platforms like Pendle now add utility by enabling fixed-yield positions that treasuries and structured products can hold.