The crypto market has reached a new milestone in 2024. BTC not only successfully launched an ETF, but mainstream cryptocurrencies represented by BTC are gradually integrating with mainstream financial markets under the push of a series of traditional financial institutions. At the same time, with Trump's successful election as the next President of the United States, he has promised to introduce a series of crypto-friendly policies and plans to incorporate BTC into the U.S. national strategic reserves, attracting widespread attention from the market.
Driven by a series of favorable factors, the crypto market is gaining unprecedented development momentum. Looking ahead to 2025, the adoption of cryptocurrencies is expected to reach new heights. Meanwhile, as a highly anticipated potential narrative, RWA (Real World Asset tokenization) is also expected to usher in its development year in 2025 under the continuous push of mainstream financial institutions, governments, and commercial entities. The development in this field will inject more vitality into the crypto market and further promote its deep integration with traditional finance.
Plume: Building RWAfi infrastructure to advance the next phase of the RWA track
RWA (Real World Assets) generally refers to the tokenization of traditional assets in the real world through blockchain technology, such as converting traditional financial assets like stocks, commodities, and real estate into digital tokens on the blockchain, aiming to enable traditional assets to be traded more efficiently on-chain, while breaking geographical and intermediary limitations, providing a new solution for the liquidity and accessibility of assets.
In fact, the current on-chain infrastructure already has the capability to support RWA (Real World Assets) operations, achieving the tokenization of traditional assets and transferring them to the blockchain. However, the current challenge lies in how to ensure that these RWA assets do not merely exist on-chain but can truly unlock their potential value, integrate into the on-chain ecosystem, and participate in value generation and circulation. Against this backdrop, Plume has proposed a brand-new solution.
Focusing on Plume, it is more concerned with bringing assets from the traditional financial sector (such as real estate, bonds, stocks, etc.) into the crypto world through tokenization technology, endowing these assets with liquidity, composability, and interoperability similar to crypto assets. Through innovative technical design, it addresses multiple key challenges such as asset tokenization, liquidity management, compliance, and data integration, enabling the RWAfi ecosystem to better serve crypto-native users and promote the comprehensive upgrade of traditional financial assets in a Web3 manner.
To this end, Plume has launched the first L1 public chain specifically designed for RWAfi (Real World Asset Finance), aiming to redefine the RWAfi market with a structure that does not require user KYC and is permissionless, providing crypto-native users with an efficient, transparent, and convenient infrastructure to help traditional financial assets and crypto assets achieve seamless integration.
As the first EVM-compatible chain focused on RWA, Plume has launched core components including the tokenization engine Arc, smart wallets, and off-chain data systems Nexus, which not only simplify and optimize the tokenization process but also enable physical and digital assets to be quickly tokenized under compliance and seamlessly connect with off-chain compliance systems and data systems. It supports operations for asset storage, trading, and yield generation. Additionally, the smart wallet integrates various DeFi functions, such as yield farming and lending, helping users fully explore the potential of their tokenized assets within the on-chain ecosystem. By introducing off-chain data sources, it transforms real-time market information into on-chain usable data, enhancing the accuracy of asset pricing and trading, further boosting the market liquidity of RWA.
Since its launch, Plume has attracted widespread market attention and user participation. Currently, there are over 180 projects built within the Plume ecosystem, with total on-chain assets exceeding $4 billion and attracting 3.75 million active users. In the first round of pre-storage activities, Plume was oversubscribed by 6 times in less than 90 minutes, demonstrating the market's high recognition of its innovative technology and ecological potential. With a top-notch team and strong resource support, Plume is becoming an important driving force in the RWAfi field, paving new paths for the digitization of real-world assets while pushing the crypto market to a higher stage.
Backed by a broad ecological development prospect and grand narrative potential, Plume is receiving high market attention, especially after the excellent progress made following the recent completion of its Series A financing ($20 million). Investors include: Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, HashKey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures. In the new ecological development phase following the financing, Plume is also continuously expanding its RWAfi landscape.
The expanding Plume Network RWAfi ecological landscape
Plume's current development in the RWAfi field is making continuous progress in different directions through collaborations with a series of partners.
Collaboration with Ondo Finance to expand the RWAfi ecosystem through tokenized U.S. Treasury bonds
Ondo Finance is an institutional-grade RWA protocol with $600 million in TVL and $14 billion in FDV, and is one of Plume Network's top collaborators. Ondo Finance plans to expand the application scenarios of RWAfi by natively issuing Ondo's tokenized U.S. Treasury bond products on the Plume Network, including dollar-yielding assets (USDY) and Ondo's U.S. Treasury-backed yield coins.
This collaboration combines Ondo's expertise in institutional-grade DeFi products and asset management with Plume's blockchain infrastructure tailored for RWA projects, protocols, and capital providers. The goal of both parties is to simplify the process of bringing RWA on-chain and accelerate capital integration through RWAfi's exclusive features. Currently, USDY's total locked value (TVL) across 8 blockchains has exceeded $450 million, with an annualized yield (APY) of 4.65%. This collaboration will enable global (non-U.S.) individual and institutional investors to enjoy the functionalities of stablecoins through Plume Network while obtaining yields backed by U.S. Treasury bonds, opening up new investment opportunities.
Collaboration with Royco Protocol to enhance liquidity in the RWAfi system
Plume Network is collaborating with Royco Protocol to promote the development of Real World Asset Finance (RWAfi), aiming to simplify the liquidity acquisition process for applications within the Plume ecosystem. The Royco team previously built the Boyco platform for Berachain and successfully achieved a pre-storage amount of $1 billion. As Royco's first collaboration project following Berachain, Plume enables applications within its ecosystem to trade directly with liquidity providers (LPs) through Royco, ensuring that traders can obtain high-quality liquidity support. Applications can not only initiate liquidity markets through Plume token rewards but also negotiate incentives with LPs, ensuring that liquidity management is efficient and transparent.
This collaboration will bring significant advantages to the RWAfi ecosystem, providing transparent liquidity terms, a decentralized smart contract architecture, and supporting cross-chain participation, allowing LPs to easily provide liquidity for applications. This not only saves applications time in seeking liquidity but also allows them to focus on product-market fit while providing LPs with a clear yield platform, reducing investment risks. Through collaboration with Royco, Plume Network is redefining the way liquidity acquisition is approached in RWAfi, paving the way for growth and innovation across the entire ecosystem.
Collaboration with Midas to expand the RWAfi product system and yields
Midas is a blockchain platform focused on RWAfi, aiming to tokenize traditional assets (such as real estate, corporate debt, commodities, etc.) and endow them with tradable and financeable attributes. These tokenized assets can be traded, staked, or used as collateral for loans within the Midas network while providing transparent bankruptcy protection features. Midas's structured RWA products currently offer investors an average annualized yield (APY) of up to 42%, making it one of the highest-yielding platforms in the RWA finance sector.
Plume has reached a collaboration agreement with Midas, and after the launch on the Plume mainnet, Midas will incorporate RWA products such as mTBILL and mBASIS into the Plume ecosystem. This initiative will bring high-yield investment opportunities, including short-term U.S. Treasury bonds and crypto assets, to Plume, providing investors with more institutional-grade asset investment options.
Collaboration with Anchorage to provide RWA investment opportunities for institutional clients
Plume Network announced a strategic partnership with Anchorage Digital Bank and its institutional self-custody wallet Porto by Anchorage Digital, allowing institutional clients to tokenize custody within the Plume ecosystem for the first time through the Porto wallet. Through this new integration, Anchorage Digital's institutional clients can not only securely store assets but also access on-chain real-world yields via Plume Network. This collaboration emphasizes security, compliance, and transparency, providing institutional-grade custody support for Plume Network's tokens and further promoting innovation and development in the RWAfi field.
Collaboration with Bouncebit to integrate CeDeFi into RWAfi
Plume Network has now reached a strategic partnership with BounceBit to help BounceBit leverage our RWA ecosystem to further expand its RWA products and services. BounceBit is a platform with over $4.5 billion in committed assets and more than 180 integrated protocols. Plume will provide a complete RWA technology stack and tokenization capabilities to support BounceBit in bringing more real-world yield opportunities to users.
This new collaboration not only showcases the potential of CeDeFi infrastructure in traditional finance but also responds to the growing demand from institutional clients for RWA solutions. As financial institutions recognize CeDeFi, Plume will work with BounceBit to deepen institutional collaborations and integrate Plume's RWA assets into the BounceBit platform, jointly exploring more high-quality yield opportunities.
In addition to the aforementioned partners, Plume is also collaborating with Qiro Finance, Purpose for Profit, PinLink, and others to further expand the boundaries of the RWAfi ecosystem and launch a series of innovative RWA yield products.
In addition to external collaborations, Plume's ARC product is also planned for market launch. As a core component of Plume, ARC focuses on simplifying and streamlining the tokenization process of real-world assets, allowing asset issuers to tokenize stocks, bonds, funds, and other assets within minutes. It is reported that this product is expected to launch in the first quarter of 2025, introducing $2 billion in private and public credit, $1 billion in energy transition projects, and $500 million in metal and mining assets. Through Plume's smart accounts and compliance tools, Arc provides issuers with self-custody, KYC automation, and the ability to directly sell tokenized assets, connecting traditional finance with blockchain in an RWAfi manner, creating more institutional-grade asset investment opportunities.
Overall, as the most promising RWAfi market currently, with the continuous expansion of the Plume ecosystem, RWA will serve as a bridge to accelerate the deep integration between the crypto market and traditional financial markets. This process not only opens up new growth spaces for the crypto market but also brings the rich experience and resources of traditional finance into the crypto field, pushing the market to extend towards broader boundaries. By capturing incremental value, Plume is providing a solid foundation for the development of the entire industry and laying a key support for the crypto industry to move towards a more mature and stable phase.