Pendle announces institutional strategy and Robinhood Chain expansion

Pendle has announced a new institutional strategy featuring the Permissioned Markets Pilot. This infrastructure is designed to connect compliant participants with its yield-trading ecosystem through whitelist-gated PT/YT markets, addressing compliance requirements that often limit institutional involvement.

The pilot is expected to launch within two months as discussions with potential partners continue. The initiative aims to increase trading volume and revenue by integrating institutional activity into the protocol’s existing market infrastructure.

Additionally, Pendle expanded its ecosystem to the Robinhood Chain on September 7th. This expansion has increased the protocol's distribution reach and contributed to a 47% rise in trading volume, reaching $64.47 million within a 24-hour period.